Shares of State National Companies Inc (NASDAQ:SNC) have received a consensus recommendation of “Hold” from the eleven research firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $72.00.
Several equities research analysts have weighed in on the stock. BidaskClub cut shares of State National Companies from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 4th. Desjardins reissued a “buy” rating and set a $72.00 price target on shares of State National Companies in a research report on Friday, November 3rd. Canaccord Genuity reissued a “buy” rating and set a $77.00 price target on shares of State National Companies in a research report on Friday, November 3rd. B. Riley reissued a “buy” rating on shares of State National Companies in a research report on Monday, November 6th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $67.00 price target on shares of State National Companies in a research report on Monday, October 23rd.
A number of hedge funds and other institutional investors have recently modified their holdings of SNC. Prudential Financial Inc. raised its holdings in State National Companies by 0.5% in the 2nd quarter. Prudential Financial Inc. now owns 10,310 shares of the insurance provider’s stock worth $190,000 after purchasing an additional 50 shares in the last quarter. LMR Partners LLP bought a new position in State National Companies in the 3rd quarter worth $201,000. Voya Investment Management LLC bought a new position in State National Companies in the 2nd quarter worth $214,000. Mint Tower Capital Management B.V. bought a new position in State National Companies in the 3rd quarter worth $221,000. Finally, Cubist Systematic Strategies LLC bought a new position in State National Companies in the 3rd quarter worth $231,000. Institutional investors and hedge funds own 58.57% of the company’s stock.
Shares of State National Companies (NASDAQ:SNC) traded up $0.01 during trading on Friday, hitting $21.02. 235,400 shares of the stock were exchanged, compared to its average volume of 264,329. State National Companies has a 12 month low of $12.00 and a 12 month high of $21.51. The stock has a market cap of $886.49 and a PE ratio of 16.82. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.13.
State National Companies (NASDAQ:SNC) last announced its quarterly earnings data on Monday, October 23rd. The insurance provider reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ 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%. analysts predict that State National Companies will post 1.18 earnings per share for the current year.
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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.
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