State National Companies, Inc. (NASDAQ:SNC)‘s stock had its “buy” rating reiterated by research analysts at Royal Bank Of Canada in a research note issued to investors on Monday. They currently have a $67.00 target price on the insurance provider’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 218.44% from the company’s current price.

A number of other research firms have also recently weighed in on SNC. Canaccord Genuity restated a “buy” rating and issued a $76.00 price target on shares of State National Companies in a research note on Wednesday, September 13th. JMP Securities cut State National Companies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 1st. FBR & Co reiterated a “neutral” rating on shares of State National Companies in a research report on Tuesday, October 10th. BidaskClub cut State National Companies from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. Finally, ValuEngine cut State National Companies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. State National Companies currently has an average rating of “Hold” and an average price target of $45.25.

Shares of State National Companies (SNC) traded down 0.05% on Monday, reaching $21.04. The company had a trading volume of 110,100 shares. The firm’s 50 day moving average is $20.93 and its 200 day moving average is $18.48. State National Companies has a 12 month low of $10.09 and a 12 month high of $21.51. The firm has a market capitalization of $887.32 million, a PE ratio of 16.44 and a beta of 1.08.

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Several institutional investors and hedge funds have recently bought and sold shares of SNC. Russell Investments Group Ltd. grew its holdings in shares of State National Companies by 41.2% during the first quarter. Russell Investments Group Ltd. now owns 6,921 shares of the insurance provider’s stock worth $100,000 after buying an additional 2,021 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of State National Companies by 1.7% during the first 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. UBS Asset Management Americas Inc. purchased a new position in shares of State National Companies during the first quarter worth about $151,000. Old Mutual Global Investors UK Ltd. purchased a new position in shares of State National Companies during the second quarter worth about $158,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of State National Companies by 14.2% during the first quarter. Envestnet Asset Management Inc. now owns 11,389 shares of the insurance provider’s stock worth $164,000 after buying an additional 1,416 shares during the last quarter. Institutional investors and hedge funds 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.

Analyst Recommendations for State National Companies (NASDAQ:SNC)

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