Goldman Sachs Group Inc. Sells 9,676 Shares of State National Companies, Inc. (SNC)

Goldman Sachs Group Inc. decreased its holdings in shares of State National Companies, Inc. (NASDAQ:SNC) by 27.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,838 shares of the insurance provider’s stock after selling 9,676 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.06% of State National Companies worth $475,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SNC. Vanguard Group Inc. lifted its stake in State National Companies by 2.4% in the second quarter. Vanguard Group Inc. now owns 1,331,080 shares of the insurance provider’s stock valued at $24,465,000 after acquiring an additional 30,567 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in State National Companies by 16.1% in the second quarter. Dimensional Fund Advisors LP now owns 525,264 shares of the insurance provider’s stock valued at $9,654,000 after acquiring an additional 72,810 shares during the last quarter. Renaissance Technologies LLC lifted its stake in State National Companies by 2.8% in the first quarter. Renaissance Technologies LLC now owns 491,700 shares of the insurance provider’s stock valued at $7,080,000 after acquiring an additional 13,300 shares during the last quarter. Northern Trust Corp lifted its stake in State National Companies by 6.8% in the second quarter. Northern Trust Corp now owns 357,005 shares of the insurance provider’s stock valued at $6,562,000 after acquiring an additional 22,732 shares during the last quarter. Finally, Thrivent Financial For Lutherans acquired a new stake in State National Companies in the second quarter valued at $5,400,000. Institutional investors and hedge funds own 55.21% of the company’s stock.

Several equities analysts have recently weighed in on SNC shares. Singular Research lowered shares of State National Companies from a “buy” rating to a “sell” rating in a research report on Friday, July 28th. BidaskClub raised shares of State National Companies from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st. JMP Securities lowered shares of State National Companies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 1st. ValuEngine lowered shares of State National Companies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research raised shares of State National Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Two 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 currently has an average rating of “Hold” and an average price target of $50.80.

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State National Companies, Inc. (SNC) opened at $21.00 on Tuesday. State National Companies, Inc. has a 1 year low of $12.00 and a 1 year high of $21.51. The company has a market cap of $886.07, a PE ratio of 16.94 and a beta of 1.06. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.99 and a current ratio of 0.99.

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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