State National Companies, Inc. (SNC) Stock Rating Reaffirmed by FBR & Co

State National Companies, Inc. (NASDAQ:SNC)‘s stock had its “neutral” rating reissued by analysts at FBR & Co in a research note issued on Tuesday.

SNC has been the topic of a number of other research reports. Canaccord Genuity restated a “buy” rating and set a $76.00 price target on shares of State National Companies in a report on Wednesday, September 13th. JMP Securities downgraded State National Companies from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 1st. BidaskClub downgraded State National Companies from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. ValuEngine downgraded State National Companies from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research upgraded State National Companies from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $38.00.

State National Companies (NASDAQ:SNC) traded down 0.14% during trading on Tuesday, reaching $21.01. The company’s stock had a trading volume of 54,660 shares. The stock has a 50-day moving average price of $20.89 and a 200 day moving average price of $18.10. State National Companies has a 52-week low of $10.09 and a 52-week high of $21.51. The company has a market cap of $886.05 million, a PE ratio of 16.41 and a beta of 1.08.

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Several institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. grew its stake in shares of State National Companies by 0.5% in the 2nd quarter. Prudential Financial Inc. now owns 10,310 shares of the insurance provider’s stock worth $190,000 after buying an additional 50 shares during the last quarter. Nationwide Fund Advisors grew its stake in shares of State National Companies by 0.5% in the 1st quarter. Nationwide Fund Advisors now owns 21,241 shares of the insurance provider’s stock worth $306,000 after buying an additional 103 shares during the last quarter. Legal & General Group Plc grew its stake in shares of State National Companies by 1.7% in the 1st quarter. Legal & General Group Plc now owns 8,556 shares of the insurance provider’s stock worth $123,000 after buying an additional 139 shares

SNC has been the topic of a number of other research reports. Canaccord Genuity restated a “buy” rating and set a $76.00 price target on shares of State National Companies in a report on Wednesday, September 13th. JMP Securities downgraded State National Companies from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 1st. BidaskClub downgraded State National Companies from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. ValuEngine downgraded State National Companies from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research upgraded State National Companies from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $38.00.

State National Companies (NASDAQ:SNC) traded down 0.14% during trading on Tuesday, reaching $21.01. The company’s stock had a trading volume of 54,660 shares. The stock has a 50-day moving average price of $20.89 and a 200 day moving average price of $18.10. State National Companies has a 52-week low of $10.09 and a 52-week high of $21.51. The company has a market cap of $886.05 million, a PE ratio of 16.41 and a beta of 1.08.

ILLEGAL ACTIVITY NOTICE: This article was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of international copyright laws. The original version of this article can be accessed at https://ledgergazette.com/2017/10/10/state-national-companies-inc-snc-stock-rating-reaffirmed-by-fbr-co.html.

Several institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. grew its stake in shares of State National Companies by 0.5% in the 2nd quarter. Prudential Financial Inc. now owns 10,310 shares of the insurance provider’s stock worth $190,000 after buying an additional 50 shares during the last quarter. Nationwide Fund Advisors grew its stake in shares of State National Companies by 0.5% in the 1st quarter. Nationwide Fund Advisors now owns 21,241 shares of the insurance provider’s stock worth $306,000 after buying an additional 103 shares during the last quarter. Legal & General Group Plc grew its stake in shares of State National Companies by 1.7% in the 1st quarter. Legal & General Group Plc now owns 8,556 shares of the insurance provider’s stock worth $123,000 after buying an additional 139 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of State National Companies by 0.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 136,438 shares of the insurance provider’s stock worth $2,508,000 after buying an additional 469 shares during the last quarter. Finally, Rothschild Asset Management Inc. grew its stake in shares of State National Companies by 0.3% in the 2nd quarter. Rothschild Asset Management Inc. now owns 192,789 shares of the insurance provider’s stock worth $3,543,000 after buying an additional 596 shares during the last quarter. Institutional investors own 57.24% of the company’s stock.

State National Companies Company Profile

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.

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