State National Companies, Inc. (NASDAQ:SNC) has been assigned an average rating of “Buy” from the eight analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $44.50.

A number of equities analysts have commented on SNC shares. Zacks Investment Research upgraded State National Companies from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Saturday, May 13th. ValuEngine downgraded State National Companies from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. JMP Securities downgraded State National Companies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 1st. BidaskClub upgraded State National Companies from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st. Finally, Singular Research downgraded State National Companies from a “buy” rating to a “sell” rating in a research note on Friday, July 28th.

Several institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. increased its position in shares of 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 buying an additional 2,021 shares in the last quarter. Legal & General Group Plc increased its position in shares of 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 buying an additional 139 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of State National Companies during the first quarter valued at about $134,000. Envestnet Asset Management Inc. increased its position in shares of State National Companies by 30.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 9,973 shares of the insurance provider’s stock valued at $139,000 after buying an additional 2,312 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in shares of 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 buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 57.52% of the company’s stock.

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State National Companies (NASDAQ SNC) traded up 0.05% on Friday, hitting $21.00. The stock had a trading volume of 354,613 shares. The firm has a market cap of $885.63 million, a PE ratio of 17.50 and a beta of 1.09. State National Companies has a 12-month low of $9.90 and a 12-month high of $21.02. The company’s 50 day moving average is $18.37 and its 200 day moving average is $15.63.

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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