State National Companies, Inc. (NASDAQ:SNC) was downgraded by stock analysts at JMP Securities from an “outperform” rating to a “market perform” rating in a research report issued on Tuesday, August 1st.

SNC has been the topic of several other research reports. FBR & Co lifted their price target on shares of State National Companies from $18.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, July 14th. Singular Research lowered shares of State National Companies from a “buy” rating to a “sell” rating in a research report on Friday, July 28th. BidaskClub lowered State National Companies from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research lowered State National Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, ValuEngine lowered State National Companies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $27.60.

Shares of State National Companies (NASDAQ SNC) traded down 0.24% on Tuesday, reaching $20.99. The company had a trading volume of 309,457 shares. The stock has a market capitalization of $885.21 million, a P/E ratio of 16.40 and a beta of 1.09. The company’s 50 day moving average price is $19.25 and its 200-day moving average price is $16.00. State National Companies has a 1-year low of $9.90 and a 1-year high of $21.51.

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A number of hedge funds have recently made changes to their positions in SNC. Prudential Financial Inc. increased its position in 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 during the period. Nationwide Fund Advisors increased its position in State National Companies by 0.5% in the first quarter. Nationwide Fund Advisors now owns 21,241 shares of the insurance provider’s stock valued at $306,000 after buying an additional 103 shares during the period. Legal & General Group Plc increased its position in 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 during the period. TIAA CREF Investment Management LLC increased its position in State National Companies by 0.3% in the second quarter. TIAA CREF Investment Management LLC now owns 136,438 shares of the insurance provider’s stock valued at $2,508,000 after buying an additional 469 shares during the period. Finally, Rothschild Asset Management Inc. increased its position in State National Companies by 0.3% in the second quarter. Rothschild Asset Management Inc. now owns 192,789 shares of the insurance provider’s stock valued at $3,543,000 after buying an additional 596 shares during the period. 58.04% of the stock is currently owned by 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.

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