State National Companies, Inc. (SNC) Rating Reiterated by B. Riley

B. Riley restated their buy rating on shares of State National Companies, Inc. (NASDAQ:SNC) in a report released on Monday, November 6th.

SNC has been the topic of a number of other reports. Canaccord Genuity restated a buy rating and set a $77.00 price target on shares of State National Companies in a research note on Friday, November 3rd. Royal Bank Of Canada reiterated a buy rating and issued a $67.00 price objective on shares of State National Companies in a research note on Monday, October 23rd. FBR & Co increased their price objective on State National Companies from $18.00 to $22.00 and gave the company an outperform rating in a research note on Friday, July 14th. Singular Research cut State National Companies from a buy rating to a sell rating in a research note on Friday, July 28th. Finally, BidaskClub cut State National Companies from a strong-buy rating to a buy rating in a research note on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. State National Companies currently has a consensus rating of Hold and a consensus price target of $50.80.

State National Companies (NASDAQ:SNC) traded up $0.01 on Monday, reaching $21.02. The company had a trading volume of 235,409 shares, compared to its average volume of 264,329. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.13. State National Companies has a 12-month low of $12.00 and a 12-month high of $21.51. The firm has a market capitalization of $886.49 and a PE ratio of 16.95.

Institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its position in State National Companies by 41.2% in the first quarter. Russell Investments Group Ltd. now owns 6,921 shares of the insurance provider’s stock valued at $100,000 after purchasing an additional 2,021 shares during the period. Legal & General Group Plc lifted its position in State National Companies by 1.7% in the first quarter. Legal & General Group Plc now owns 8,556 shares of the insurance provider’s stock valued at $123,000 after purchasing an additional 139 shares during the period. Old Mutual Global Investors UK Ltd. acquired a new stake in State National Companies in the second quarter valued at about $158,000. LMR Partners LLP acquired a new stake in State National Companies in the third quarter valued at about $201,000. Finally, Prudential Financial Inc. lifted its position in State National Companies by 0.5% in the second quarter. Prudential Financial Inc. now owns 10,310 shares of the insurance provider’s stock valued at $190,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 58.57% of the company’s stock.

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About State National Companies

State National Companies, Inc is a specialty provider of property and casualty insurance. The Company’s segments include Program Services, Lender Services and Corporate. In the Program Services segment, the Company operates an issuing carrier (fronting) business to provide insurance capacity access to the United States property and casualty insurance markets.

Analyst Recommendations for State National Companies (NASDAQ:SNC)

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