State National Companies Inc (SNC) Receives Average Recommendation of “Hold” from Brokerages

State National Companies Inc (NASDAQ:SNC) has received an average rating of “Hold” from the ten brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $72.00.

A number of research firms have recently weighed in on SNC. B. Riley reissued a “buy” rating on shares of State National Companies in a research report on Monday, November 6th. Canaccord Genuity reissued a “buy” rating and issued a $77.00 price objective on shares of State National Companies in a research report on Friday, November 3rd. Royal Bank of Canada reissued a “buy” rating and issued a $67.00 price objective on shares of State National Companies in a research report on Monday, October 23rd. BidaskClub lowered shares of State National Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Finally, Desjardins reaffirmed a “buy” rating and set a $72.00 price target on shares of State National Companies in a research report on Friday, November 3rd.

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of State National Companies by 2.4% in the second quarter. Vanguard Group Inc. now owns 1,331,080 shares of the insurance provider’s stock worth $24,465,000 after acquiring an additional 30,567 shares in the last quarter. Magnetar Financial LLC acquired a new stake in shares of State National Companies in the third quarter worth $25,413,000. State Street Corp increased its position in shares of State National Companies by 6.4% in the second quarter. State Street Corp now owns 547,006 shares of the insurance provider’s stock worth $10,054,000 after acquiring an additional 32,969 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of State National Companies by 1.8% in the third quarter. Dimensional Fund Advisors LP now owns 534,687 shares of the insurance provider’s stock worth $11,223,000 after acquiring an additional 9,423 shares in the last quarter. Finally, Ashford Capital Management Inc. increased its position in shares of State National Companies by 7.6% in the third quarter. Ashford Capital Management Inc. now owns 451,217 shares of the insurance provider’s stock worth $9,471,000 after acquiring an additional 31,730 shares in the last quarter. 58.57% of the stock is owned by hedge funds and other institutional investors.

State National Companies (NASDAQ SNC) opened at $21.02 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $886.49 and a P/E ratio of 16.82. State National Companies has a 52-week low of $12.00 and a 52-week high of $21.51.

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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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