Northern Trust Corp Has $6.56 Million Position in State National Companies, Inc. (SNC)

Northern Trust Corp boosted its position in shares of State National Companies, Inc. (NASDAQ:SNC) by 6.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 357,005 shares of the insurance provider’s stock after buying an additional 22,732 shares during the quarter. Northern Trust Corp owned approximately 0.85% of State National Companies worth $6,562,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. grew its position in State National Companies by 345.1% during the second quarter. Alliancebernstein L.P. now owns 72,548 shares of the insurance provider’s stock valued at $1,333,000 after buying an additional 56,248 shares during the period. Federated Investors Inc. PA grew its position in State National Companies by 10.4% during the second quarter. Federated Investors Inc. PA now owns 145,271 shares of the insurance provider’s stock valued at $2,670,000 after buying an additional 13,726 shares during the period. American International Group Inc. grew its position in State National Companies by 7.0% during the first quarter. American International Group Inc. now owns 18,779 shares of the insurance provider’s stock valued at $270,000 after buying an additional 1,230 shares during the period. Schwab Charles Investment Management Inc. grew its position in State National Companies by 6.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 107,274 shares of the insurance provider’s stock valued at $1,545,000 after buying an additional 6,156 shares during the period. Finally, JPMorgan Chase & Co. grew its position in State National Companies by 13.5% during the second quarter. JPMorgan Chase & Co. now owns 154,344 shares of the insurance provider’s stock valued at $2,837,000 after buying an additional 18,330 shares during the period. Institutional investors own 55.21% of the company’s stock.

State National Companies, Inc. (SNC) opened at $21.00 on Tuesday. 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 cap of $886.07, a PE ratio of 16.94 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.

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SNC has been the topic of several research analyst reports. BidaskClub lowered shares of State National Companies from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 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. Canaccord Genuity reiterated a “buy” rating and issued a $77.00 target price on shares of State National Companies in a research report on Friday, November 3rd. Singular Research lowered shares of State National Companies from a “buy” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Desjardins reiterated a “buy” rating and issued a $72.00 target price on shares of State National Companies in a research report on Friday, November 3rd. Two 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’s stock. State National Companies currently has an average rating of “Hold” and a consensus price target of $50.80.

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.

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

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