State National Companies, Inc. (NASDAQ:SNC)‘s stock had its “buy” rating reaffirmed by Desjardins in a research note issued on Friday. They currently have a $72.00 price objective on the insurance provider’s stock. Desjardins’ target price would indicate a potential upside of 242.86% from the stock’s previous close.

SNC has been the topic of a number of other research reports. Canaccord Genuity reaffirmed a “buy” rating and issued a $77.00 price objective on shares of State National Companies in a research report on Friday. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $67.00 price objective on shares of State National Companies in a research report on Monday, October 23rd. FBR & Co lifted their price objective on shares of State National Companies from $18.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, July 14th. Singular Research downgraded shares of State National Companies from a “buy” rating to a “sell” rating in a research report on Friday, July 28th. Finally, BidaskClub downgraded shares of State National Companies from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. State National Companies has a consensus rating of “Hold” and a consensus target price of $50.80.

State National Companies (NASDAQ SNC) traded down $0.01 during midday trading on Friday, reaching $21.00. 188,505 shares of the company’s stock were exchanged, compared to its average volume of 287,992. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.14. The stock has a market cap of $885.65, a P/E ratio of 16.94 and a beta of 1.06. State National Companies has a 1-year low of $10.11 and a 1-year high of $21.51.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/11/04/desjardins-reaffirms-buy-rating-for-state-national-companies-inc-snc.html.

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in State National Companies by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,331,080 shares of the insurance provider’s stock worth $24,465,000 after purchasing an additional 30,567 shares in the last quarter. State Street Corp boosted its stake in State National Companies by 6.4% in the 2nd quarter. State Street Corp now owns 547,006 shares of the insurance provider’s stock worth $10,054,000 after purchasing an additional 32,969 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in State National Companies by 16.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 525,264 shares of the insurance provider’s stock worth $9,654,000 after purchasing an additional 72,810 shares in the last quarter. Renaissance Technologies LLC boosted its stake in State National Companies by 2.8% in the 1st quarter. Renaissance Technologies LLC now owns 491,700 shares of the insurance provider’s stock worth $7,080,000 after purchasing an additional 13,300 shares in the last quarter. Finally, NFC Investments LLC boosted its stake in State National Companies by 0.5% in the 2nd quarter. NFC Investments LLC now owns 439,080 shares of the insurance provider’s stock worth $8,070,000 after purchasing an additional 2,240 shares in the last quarter. 57.09% of the stock is currently owned by hedge funds and other institutional investors.

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)

Receive News & Ratings for State National Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for State National Companies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.