State National Companies (NASDAQ:SNC)‘s stock had its “buy” rating reissued by equities research analysts at Canaccord Genuity in a report issued on Thursday. They presently have a $77.00 target price on the insurance provider’s stock. Canaccord Genuity’s price objective indicates a potential upside of 266.32% from the company’s current price.

SNC has been the subject of a number of other research reports. BidaskClub downgraded State National Companies from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 4th. FBR & Co reaffirmed a “neutral” rating on shares of State National Companies in a research report on Tuesday, October 10th. Desjardins reaffirmed a “buy” rating and set a $72.00 price target on shares of State National Companies in a research report on Friday, November 3rd. Zacks Investment Research raised State National Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $67.00 price target on shares of State National Companies in a research report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $50.80.

Shares of State National Companies (SNC) opened at $21.02 on Thursday. State National Companies has a 52 week low of $12.00 and a 52 week high of $21.51. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $886.49 and a P/E ratio of 16.82.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its holdings in 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 during the last quarter. Federated Investors Inc. PA lifted its holdings in 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 during the last quarter. Stevens Capital Management LP acquired a new stake in State National Companies during the 3rd quarter valued at $697,000. IndexIQ Advisors LLC lifted its holdings in State National Companies by 228.7% during the 3rd 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 during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in 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 during the last quarter. 58.57% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for State National Companies (NASDAQ:SNC)

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