State National Companies, Inc. (NASDAQ:SNC) Lifted to "Strong-Buy" at BidaskClub

Paterniano Del Favero
Agosto 4, 2017

State National Companies, Inc.is headquartered in Bedford, Texas. Dimensional Fund Advisors LP now owns 336,514 shares of the insurance provider's stock worth $4,664,000 after buying an additional 74,090 shares in the last quarter.

Several other equities analysts also recently weighed in on the company.

7/12/2017 - State National Companies was downgraded by analysts at BidaskClub from a "strong-buy" rating to a "buy" rating. LSV Asset Management now owns 196,249 shares of the insurance provider's stock valued at $2,825,000 after buying an additional 111,633 shares during the last quarter. The firm owned 10,260 shares of the insurance provider's stock at the end of the first quarter. Finally, UBS Asset Management Americas Inc. acquired a new stake in State National Companies during the first quarter valued at about $151,000. Teachers Advisors LLC now owns 57,983 shares of the insurance provider's stock worth $804,000 after buying an additional 3,944 shares during the period. Renaissance Technologies LLC now owns 478,400 shares of the insurance provider's stock valued at $6,631,000 after buying an additional 185,400 shares during the last quarter. Envestnet Asset Management Inc. now owns 9,973 shares of the insurance provider's stock valued at $139,000 after buying an additional 2,312 shares during the period. State National Companies has a 12-month low of $9.90 and a 12-month high of $20.95. (SNC) traded down 0.10% on Friday, hitting $20.92. The stock has a market cap of $883.12 million, a price-to-earnings ratio of 17.45 and a beta of 1.08. The stock has a 50 day moving average of $18.37 and a 200 day moving average of $15.63. State National Companies, Inc. "(SNC)" was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another publication, it was illegally stolen and republished in violation of United States & global copyright laws. The correct version of this article can be read at https://www.thestockobserver.com/2017/08/04/state-national-companies-inc-snc-stake-maintained-by-prudential-financial-inc-updated-updated.html.

SNC has been the topic of several research reports. Singular Research downgraded State National Companies from a buy rating to a sell rating in a research report on Friday, July 28th. Finally, ValuEngine cut shares of State National Companies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 27th. The company now has a consensus rating of Buy and an average target price of $27.60. ValuEngine raised shares of Patriot National from a "sell" rating to a "hold" rating in a research note on Wednesday, May 24th. FBR & Co upped their price objective on shares of State National Companies from $18.00 to $22.00 and gave the stock an "outperform" rating in a research report on Friday, July 14th.

According to the the latest analyst ratings which have been released, 1 brokers have issued a rating of "buy", 0 brokers "outperform", 1 brokers "hold", 1 brokers "underperform" and 0 brokers "sell". Patriot National has an average rating of "Hold" and an average target price of $7.33.

Patriot National, Inc is an independent national provider of technology-enabled outsourcing solutions that help insurance carriers, employers and other clients mitigate risk and comply with complex regulations. The Company principally offers approximately two types of services: front-end services, such as brokerage, underwriting and policyholder services, and back-end services, such as claims adjudication and administration. Its Program Services segment engages in offering issuing carrier capacity for insurance and reinsurance companies.

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