22,533 Shares in State National Companies, Inc. (SNC) Purchased by Alps Advisors Inc.

Alps Advisors Inc. acquired a new stake in shares of State National Companies, Inc. (NASDAQ:SNC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 22,533 shares of the insurance provider’s stock, valued at approximately $473,000. Alps Advisors Inc. owned 0.05% of State National Companies at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. 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 worth $1,333,000 after acquiring an additional 56,248 shares during the period. 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 worth $2,670,000 after acquiring an additional 13,726 shares during the period. 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 worth $270,000 after acquiring an additional 1,230 shares during the period. 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 worth $1,545,000 after acquiring an additional 6,156 shares during the period. 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 worth $2,837,000 after acquiring an additional 18,330 shares during the period. Institutional investors and hedge funds own 58.57% of the company’s stock.

State National Companies, Inc. (NASDAQ:SNC) opened at $21.02 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.99 and a quick ratio of 0.99. State National Companies, Inc. has a 52 week low of $12.00 and a 52 week high of $21.51. The company has a market capitalization of $886.49, a PE ratio of 16.95 and a beta of 1.06.

SNC has been the topic of a number of research reports. B. Riley reissued a “buy” rating on shares of State National Companies in a research note on Monday, November 6th. Canaccord Genuity reaffirmed a “buy” rating and set a $77.00 target price on shares of State National Companies in a research report on Friday, November 3rd. 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. Singular Research lowered State National Companies from a “buy” rating to a “sell” rating in a research report on Friday, July 28th. Finally, BidaskClub lowered State National Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $50.80.

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About State National Companies

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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