Canaccord Genuity restated their buy rating on shares of State National Companies, Inc. (NASDAQ:SNC) in a research report released on Friday. The firm currently has a $77.00 price target on the insurance provider’s stock.

A number of other equities research analysts have also recently commented on the stock. FBR & Co raised their price target on shares of State National Companies from $18.00 to $22.00 and gave the stock an outperform rating in a report on Friday, July 14th. Zacks Investment Research cut shares of State National Companies from a buy rating to a hold rating in a report on Wednesday, July 12th. Singular Research cut shares of State National Companies from a buy rating to a sell rating in a report on Friday, July 28th. BidaskClub cut shares of State National Companies from a strong-buy rating to a buy rating in a report on Wednesday, July 12th. Finally, Royal Bank Of Canada restated a buy rating and issued a $67.00 price target on shares of State National Companies in a report on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $50.80.

Shares of State National Companies (NASDAQ SNC) opened at $21.00 on Friday. State National Companies has a 12-month low of $10.11 and a 12-month high of $21.51. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $885.65, a price-to-earnings ratio of 16.93 and a beta of 1.06.

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Several institutional investors have recently added to or reduced their stakes in the business. Kassirer Asset Management Corp bought a new position in shares of State National Companies during the third quarter valued at about $5,891,000. Alps Advisors Inc. bought a new position in shares of State National Companies during the third quarter valued at about $473,000. Candriam Luxembourg S.C.A. bought a new position in shares of State National Companies during the third quarter valued at about $2,243,000. IndexIQ Advisors LLC lifted its position in shares of State National Companies by 228.7% during the third quarter. IndexIQ Advisors LLC now owns 108,065 shares of the insurance provider’s stock valued at $2,268,000 after purchasing an additional 75,190 shares in the last quarter. Finally, Gabelli Funds LLC bought a new position in shares of State National Companies during the third quarter valued at about $1,612,000. 56.71% of the stock is currently 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.

Analyst Recommendations for State National Companies (NASDAQ:SNC)

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