State National Companies Inc (SNC) Shares Bought by Ashford Capital Management Inc.

Ashford Capital Management Inc. grew its stake in shares of State National Companies Inc (NASDAQ:SNC) by 7.6% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 451,217 shares of the insurance provider’s stock after buying an additional 31,730 shares during the period. State National Companies makes up 1.5% of Ashford Capital Management Inc.’s investment portfolio, making the stock its 24th biggest holding. Ashford Capital Management Inc. owned about 1.07% of State National Companies worth $9,471,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legal & General Group Plc increased its stake in State National Companies by 1.7% in the first quarter. Legal & General Group Plc now owns 8,556 shares of the insurance provider’s stock valued at $123,000 after acquiring an additional 139 shares during the period. Old Mutual Global Investors UK Ltd. bought a new stake in State National Companies in the second quarter valued at about $158,000. Prudential Financial Inc. increased its stake in State National Companies by 0.5% in the second quarter. Prudential Financial Inc. now owns 10,310 shares of the insurance provider’s stock valued at $190,000 after acquiring an additional 50 shares during the period. LMR Partners LLP bought a new stake in State National Companies in the third quarter valued at about $201,000. Finally, Voya Investment Management LLC bought a new stake in State National Companies in the second quarter valued at about $214,000. 58.57% of the stock is owned by institutional investors and hedge funds.

Shares of State National Companies Inc (SNC) opened at $21.02 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $886.49 and a PE ratio of 16.95. State National Companies Inc has a 52 week low of $12.00 and a 52 week high of $21.51.

A number of research firms recently weighed in on SNC. B. Riley reissued a “buy” rating on shares of State National Companies in a research note on Monday, November 6th. BidaskClub cut shares of State National Companies from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 4th. Desjardins reissued a “buy” rating and issued a $72.00 target price on shares of State National Companies in a research note on Friday, November 3rd. Canaccord Genuity reissued a “buy” rating and issued a $77.00 target price on shares of State National Companies in a research note on Friday, November 3rd. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $67.00 target price on shares of State National Companies in a research note on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $50.80.

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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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