State National Companies Inc (NASDAQ:SNC) has earned an average rating of “Hold” from the ten research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $72.00.
Separately, Canaccord Genuity reaffirmed a “buy” rating and issued a $77.00 price objective on shares of State National Companies in a research report on Thursday, December 21st.
A number of hedge funds have recently bought and sold shares of SNC. New York State Common Retirement Fund grew its position in State National Companies by 12.3% during the second quarter. New York State Common Retirement Fund now owns 31,900 shares of the insurance provider’s stock valued at $586,000 after acquiring an additional 3,499 shares during the period. Northern Trust Corp grew its position in State National Companies by 6.8% during the second quarter. Northern Trust Corp now owns 357,005 shares of the insurance provider’s stock valued at $6,562,000 after acquiring an additional 22,732 shares during the period. Vanguard Group Inc. grew its position in State National Companies by 2.4% during the second quarter. Vanguard Group Inc. now owns 1,331,080 shares of the insurance provider’s stock valued at $24,465,000 after acquiring an additional 30,567 shares during the period. Dimensional Fund Advisors LP grew its position in State National Companies by 16.1% during the second quarter. Dimensional Fund Advisors LP now owns 525,264 shares of the insurance provider’s stock valued at $9,654,000 after acquiring an additional 72,810 shares during the period. Finally, Voya Investment Management LLC purchased a new stake in State National Companies during the second quarter valued at about $214,000. 58.57% of the stock is owned by hedge funds and other 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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