Schwab Charles Investment Management Inc. increased its stake in State National Companies Inc (NASDAQ:SNC) by 12.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 150,936 shares of the insurance provider’s stock after buying an additional 16,970 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in State National Companies were worth $3,169,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SNC. Prudential Financial Inc. lifted its stake 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 worth $190,000 after purchasing an additional 50 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake 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 worth $2,508,000 after purchasing an additional 469 shares during the last quarter. NFC Investments LLC lifted its stake in State National Companies by 0.5% in the second quarter. NFC Investments LLC now owns 439,080 shares of the insurance provider’s stock worth $8,070,000 after purchasing an additional 2,240 shares during the last quarter. New York State Common Retirement Fund lifted its stake in State National Companies by 12.3% in the second quarter. New York State Common Retirement Fund now owns 31,900 shares of the insurance provider’s stock worth $586,000 after purchasing an additional 3,499 shares during the last quarter. Finally, Teachers Advisors LLC lifted its stake in State National Companies by 8.3% in the second quarter. Teachers Advisors LLC now owns 52,952 shares of the insurance provider’s stock worth $973,000 after purchasing an additional 4,067 shares during the last quarter. Institutional investors own 58.57% of the company’s stock.

Several research firms have weighed in on SNC. B. Riley reissued a “buy” rating on shares of State National Companies in a research note on Monday, November 6th. Canaccord Genuity reissued a “buy” rating and issued a $77.00 price target on shares of State National Companies in a research note on Friday, November 3rd. Royal Bank of Canada reissued a “buy” rating and issued a $67.00 price target on shares of State National Companies in a research note on Monday, October 23rd. BidaskClub downgraded shares of State National Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Finally, Desjardins reissued a “buy” rating and issued a $72.00 price target on shares of State National Companies in a research note on Friday, November 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $50.80.

State National Companies Inc (NASDAQ SNC) opened at $21.02 on Tuesday. The company has a market cap of $886.49 and a PE ratio of 16.82. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.99 and a current ratio of 0.99. State National Companies Inc has a one year low of $12.00 and a one year high of $21.51.

State National Companies (NASDAQ:SNC) last issued its quarterly earnings data on Monday, October 23rd. The insurance provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. State National Companies had a net margin of 23.91% and a return on equity of 18.02%. sell-side analysts predict that State National Companies Inc will post 1.18 EPS for the current year.

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

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