Desjardins reiterated their buy rating on shares of State National Companies, Inc. (NASDAQ:SNC) in a report published on Friday morning. They currently have a $72.00 target price on the insurance provider’s stock.

A number of other equities research analysts have also commented on the company. FBR & Co upped their price target on State National Companies from $18.00 to $22.00 and gave the company an outperform rating in a research report on Friday, July 14th. Zacks Investment Research lowered State National Companies from a buy rating to a hold rating in a research report on Wednesday, July 12th. Singular Research lowered 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. Finally, Royal Bank Of Canada reiterated a buy rating and issued a $67.00 price target on shares of State National Companies in a research report on Monday, October 23rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently 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, hitting $21.00. The company’s stock had a trading volume of 188,505 shares, compared to its average volume of 287,992. State National Companies has a 1 year low of $10.11 and a 1 year high of $21.51. The company has a market cap of $885.65, a price-to-earnings ratio of 16.94 and a beta of 1.06. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.99 and a quick ratio of 0.99.

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Institutional investors have recently made changes to their positions in the stock. Alliancebernstein L.P. boosted its position in shares of State National Companies by 345.1% during the 2nd quarter. Alliancebernstein L.P. now owns 72,548 shares of the insurance provider’s stock valued at $1,333,000 after purchasing an additional 56,248 shares in the last quarter. Federated Investors Inc. PA boosted its position in shares of State National Companies by 10.4% during the 2nd quarter. Federated Investors Inc. PA now owns 145,271 shares of the insurance provider’s stock valued at $2,670,000 after purchasing an additional 13,726 shares in the last quarter. American International Group Inc. boosted its position in shares of State National Companies by 7.0% during the 1st quarter. American International Group Inc. now owns 18,779 shares of the insurance provider’s stock valued at $270,000 after purchasing an additional 1,230 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of State National Companies by 6.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 107,274 shares of the insurance provider’s stock valued at $1,545,000 after purchasing an additional 6,156 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of State National Companies by 13.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 154,344 shares of the insurance provider’s stock valued at $2,837,000 after purchasing an additional 18,330 shares in the last quarter. Institutional investors own 57.09% of the company’s stock.

About State National Companies

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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