Boston Partners Trims Holdings in State National Companies, Inc. (SNC)

Boston Partners reduced its position in shares of State National Companies, Inc. (NASDAQ:SNC) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 417,997 shares of the insurance provider’s stock after selling 4,181 shares during the quarter. Boston Partners owned about 0.99% of State National Companies worth $8,774,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SNC. Alliancebernstein L.P. boosted its position 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 acquiring an additional 56,248 shares in the last quarter. Federated Investors Inc. PA boosted its position 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 acquiring an additional 13,726 shares in the last quarter. American International Group Inc. boosted its position in State National Companies by 7.0% during the 1st quarter. American International Group Inc. now owns 18,779 shares of the insurance provider’s stock valued at $270,000 after acquiring an additional 1,230 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position 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 acquiring an additional 6,156 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in State National Companies by 13.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 154,344 shares of the insurance provider’s stock valued at $2,837,000 after acquiring an additional 18,330 shares in the last quarter. Institutional investors own 55.21% of the company’s stock.

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Several brokerages have issued reports on SNC. Royal Bank Of Canada reaffirmed a “buy” rating and set a $67.00 target price on shares of State National Companies in a research report on Monday, October 23rd. FBR & Co reaffirmed a “neutral” rating on shares of State National Companies in a research report on Tuesday, October 10th. Canaccord Genuity reaffirmed a “buy” rating and set a $76.00 target price on shares of State National Companies in a research report on Friday, October 20th. Desjardins reaffirmed a “buy” rating and set a $72.00 target price on shares of State National Companies in a research report on Friday, November 3rd. Finally, B. Riley reaffirmed a “buy” rating on shares of State National Companies in a research report on Monday, November 6th. Two equities 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. The company has an average rating of “Hold” and a consensus price target of $50.80.

Shares of State National Companies, Inc. (SNC) opened at $21.01 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $886.49, a price-to-earnings ratio of 16.95 and a beta of 1.06. State National Companies, Inc. has a 52-week low of $12.00 and a 52-week high of $21.51.

State National Companies 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.

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Institutional Ownership by Quarter for State National Companies (NASDAQ:SNC)

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