Gulf International Bank UK Ltd Acquires Shares of 56,859 State National Companies Inc (SNC)

Gulf International Bank UK Ltd acquired a new stake in State National Companies Inc (NASDAQ:SNC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 56,859 shares of the insurance provider’s stock, valued at approximately $2,580,000. Gulf International Bank UK Ltd owned approximately 0.13% of State National Companies at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LMR Partners LLP acquired a new stake in shares of State National Companies in the third quarter valued at $201,000. Prudential Financial Inc. raised 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 buying an additional 50 shares in the last quarter. Mint Tower Capital Management B.V. acquired a new stake in State National Companies in the third quarter valued at $221,000. Cubist Systematic Strategies LLC acquired a new stake in State National Companies in the third quarter valued at $231,000. Finally, Voya Investment Management LLC acquired a new stake in State National Companies in the second quarter valued at $214,000. Institutional investors and hedge funds own 58.57% of the company’s stock.

Shares of State National Companies Inc (NASDAQ SNC) opened at $21.02 on Thursday. State National Companies Inc has a 52 week low of $12.00 and a 52 week high of $21.51. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $886.49 and a price-to-earnings ratio of 16.82.

State National Companies (NASDAQ:SNC) last posted its earnings results on Monday, October 23rd. The insurance provider reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.02. State National Companies had a return on equity of 18.02% and a net margin of 23.91%. equities research analysts predict that State National Companies Inc will post 1.18 EPS for the current year.

SNC has been the topic of a number of analyst reports. BidaskClub cut State National Companies from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 4th. FBR & Co restated a “neutral” rating on shares of State National Companies in a research note on Tuesday, October 10th. Desjardins restated a “buy” rating and issued a $72.00 price target on shares of State National Companies in a research note on Friday, November 3rd. Canaccord Genuity restated a “buy” rating and issued a $77.00 price target on shares of State National Companies in a research note on Thursday, December 21st. Finally, Royal Bank of Canada restated a “buy” rating and issued a $67.00 price target on shares of State National Companies in a research note on Monday, October 23rd. Two equities 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 company has an average rating of “Hold” and an average target price of $50.80.

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State National Companies Company 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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