Victory Capital Management Inc. Purchases 135 Shares of State National Companies, Inc. (SNC)

Victory Capital Management Inc. raised its position in State National Companies, Inc. (NASDAQ:SNC) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,509 shares of the insurance provider’s stock after acquiring an additional 135 shares during the quarter. Victory Capital Management Inc. owned 0.19% of State National Companies worth $1,443,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Russell Investments Group Ltd. grew its position in State National Companies by 41.2% in the first quarter. Russell Investments Group Ltd. now owns 6,921 shares of the insurance provider’s stock valued at $100,000 after acquiring an additional 2,021 shares in the last quarter. Legal & General Group Plc grew its position 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 in the last quarter. Bank of Montreal Can acquired a new stake in State National Companies in the first quarter valued at approximately $134,000. UBS Asset Management Americas Inc. acquired a new stake in State National Companies in the first quarter valued at approximately $151,000. Finally, Envestnet Asset Management Inc. grew its position in State National Companies by 14.2% in the first quarter. Envestnet Asset Management Inc. now owns 11,389 shares of the insurance provider’s stock valued at $164,000 after acquiring an additional 1,416 shares in the last quarter. 57.24% of the stock is owned by institutional investors.

Shares of State National Companies, Inc. (NASDAQ SNC) opened at 20.88 on Wednesday. State National Companies, Inc. has a 52-week low of $10.09 and a 52-week high of $21.51. The firm has a market cap of $880.57 million, a P/E ratio of 16.31 and a beta of 1.09. The stock’s 50 day moving average is $20.80 and its 200-day moving average is $17.12.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 18th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Friday, September 15th. State National Companies’s dividend payout ratio is currently 18.75%.

TRADEMARK VIOLATION NOTICE: “Victory Capital Management Inc. Purchases 135 Shares of State National Companies, Inc. (SNC)” was reported by Markets Daily and is the sole property of of Markets Daily. If you are reading this article on another site, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this article can be accessed at https://www.themarketsdaily.com/2017/09/13/victory-capital-management-inc-purchases-135-shares-of-state-national-companies-inc-snc.html.

Several analysts have issued reports on SNC shares. BidaskClub downgraded shares of State National Companies from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. ValuEngine downgraded shares of State National Companies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. FBR & Co reaffirmed a “buy” rating on shares of State National Companies in a research report on Monday, May 22nd. Zacks Investment Research downgraded shares of State National Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, JMP Securities downgraded shares of State National Companies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. State National Companies currently has a consensus rating of “Hold” and an average target price of $30.75.

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.

Want to see what other hedge funds are holding SNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for State National Companies, Inc. (NASDAQ:SNC).

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

Receive News & Ratings for State National Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for State National Companies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply