Canaccord Genuity restated their buy rating on shares of State National Companies (NASDAQ:SNC) in a research report sent to investors on Thursday. Canaccord Genuity currently has a $77.00 price objective on the insurance provider’s stock.

SNC has been the subject of several other research reports. BidaskClub downgraded State National Companies from a strong-buy rating to a buy rating in a research note on Friday, September 1st. Desjardins restated a buy rating and issued a $72.00 target price on shares of State National Companies in a research note on Friday, November 3rd. B. Riley reaffirmed a buy rating on shares of State National Companies in a report on Monday, November 6th. FBR & Co reaffirmed a neutral rating on shares of State National Companies in a report on Tuesday, October 10th. Finally, Zacks Investment Research raised State National Companies from a sell rating to a hold rating in a report on Wednesday, September 13th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $50.80.

State National Companies (SNC) opened at $21.02 on Thursday. State National Companies has a 12 month low of $12.00 and a 12 month high of $21.51. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $886.49 and a PE ratio of 16.82.

Several large investors have recently added to or reduced their stakes in SNC. Dimensional Fund Advisors LP raised its holdings in shares of State National Companies by 34.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 452,454 shares of the insurance provider’s stock valued at $6,515,000 after acquiring an additional 115,940 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of State National Companies by 6.1% in 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 acquiring an additional 6,156 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of State National Companies by 36.6% in the 2nd quarter. Bank of Montreal Can now owns 12,646 shares of the insurance provider’s stock valued at $232,000 after acquiring an additional 3,390 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of State National Companies by 91.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 13,235 shares of the insurance provider’s stock valued at $243,000 after acquiring an additional 6,314 shares in the last quarter. Finally, Cadence Capital Management LLC purchased a new position in shares of State National Companies during the 2nd quarter valued at about $1,402,000. 58.57% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for State National Companies (NASDAQ:SNC)

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