Insurance Mutual Automobile State Co, one of State Auto Financial Corp (NASDAQ:STFC)’s largest shareholders completed the acquisition of 14,180 shares of Common Stock without Par Value today, paying a price of $23.08 per share. This is the shareholder’s largest stock purchase in the past month, where several smaller acquisitions were reported, such as 7,900 shares, which were bought for $21.84 per share at the beginning of June. Apart from Insurance Mutual, however, only one other insider has closed stock purchase transactions this fiscal year, namely Robert Restrepo – Chairman, President and CEO of State Auto Financial.

Furthermore, in terms of hedge fund shareholder positions, not much has changed over the past quarter, as Chuck Royce’s Royce & Associates remains on top, with 535,064 shares, worth $11.4 million. However, Roger Ibbotson’s hedge fund, Zebra Capital Management, augmented the firm’s portfolio participation by 259%, and now holds a total of 50,780 shares of State Auto Financial Corp, with a value of $1 million.

Disclosure: none