State National Companies, Inc. (NASDAQ:SNC)‘s stock had its “neutral” rating reiterated by equities research analysts at FBR & Co in a research note issued to investors on Tuesday.

A number of other research analysts have also issued reports on SNC. BidaskClub lowered State National Companies from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. Canaccord Genuity reiterated a “buy” rating and set a $76.00 price target on shares of State National Companies in a research report on Wednesday, September 13th. JMP Securities lowered State National Companies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 1st. ValuEngine lowered State National Companies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research upgraded State National Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. State National Companies has an average rating of “Hold” and an average target price of $38.00.

Shares of State National Companies (NASDAQ SNC) opened at 21.03 on Tuesday. State National Companies has a 12-month low of $10.09 and a 12-month high of $21.51. The firm has a market cap of $886.90 million, a P/E ratio of 16.43 and a beta of 1.08. The firm has a 50-day moving average price of $20.90 and a 200-day moving average price of $18.17.

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A number of hedge funds have recently made changes to their positions in the business. Nationwide Fund Advisors lifted its holdings in shares of State National Companies by 0.5% in the first quarter. Nationwide Fund Advisors now owns 21,241 shares of the insurance provider’s stock valued at $306,000 after buying an additional 103 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of State National Companies by 41.2% in the first quarter. Russell Investments Group Ltd. now owns 6,921 shares of the insurance provider’s stock valued at $100,000 after buying an additional 2,021 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of State National Companies by 6.7% in the first quarter. Bank of New York Mellon Corp now owns 216,546 shares of the insurance provider’s stock valued at $3,118,000 after buying an additional 13,504 shares during the period. UBS Asset Management Americas Inc. acquired a new stake in shares of State National Companies in the first quarter valued at $151,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of State National Companies by 14.2% in the first quarter. Envestnet Asset Management Inc. now owns 11,389 shares of the insurance provider’s stock valued at $164,000 after buying an additional 1,416 shares during the period. Institutional investors own 57.24% of the company’s stock.

About State National Companies

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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