Susquehanna International Group LLP raised its position in State National Companies Inc (NASDAQ:SNC) by 147.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 96,883 shares of the insurance provider’s stock after purchasing an additional 57,724 shares during the quarter. Susquehanna International Group LLP owned about 0.23% of State National Companies worth $2,034,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Magnetar Financial LLC acquired a new position in shares of State National Companies in the 3rd quarter worth approximately $25,413,000. Ashford Capital Management Inc. acquired a new position in shares of State National Companies in the 2nd quarter worth approximately $7,710,000. Thrivent Financial For Lutherans acquired a new position in shares of State National Companies in the 2nd quarter worth approximately $5,400,000. Kassirer Asset Management Corp acquired a new position in shares of State National Companies in the 3rd quarter worth approximately $5,891,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of State National Companies in the 3rd quarter worth approximately $3,928,000. Institutional investors own 58.57% of the company’s stock.

Several equities analysts have recently commented on the stock. Royal Bank of Canada restated a “buy” rating and issued a $67.00 price objective on shares of State National Companies in a report on Monday, October 23rd. FBR & Co reaffirmed a “neutral” rating on shares of State National Companies in a research note on Tuesday, October 10th. Canaccord Genuity reaffirmed a “buy” rating and set a $76.00 target price on shares of State National Companies in a research note on Friday, October 20th. Desjardins reaffirmed a “buy” rating and set a $72.00 target price on shares of State National Companies in a research note on Friday, November 3rd. Finally, B. Riley reaffirmed a “buy” rating on shares of State National Companies in a research note on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $50.80.

Shares of State National Companies Inc (SNC) opened at $21.02 on Friday. State National Companies Inc has a 52 week low of $12.00 and a 52 week high of $21.51. The firm has a market cap of $886.49 and a P/E ratio of 16.95. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.13.

TRADEMARK VIOLATION WARNING: This article was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another site, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/12/15/state-national-companies-inc-snc-holdings-boosted-by-susquehanna-international-group-llp.html.

State National Companies 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.

Institutional Ownership by Quarter for State National Companies (NASDAQ:SNC)

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