State National Companies Inc (SNC) : Bhr Capital reduced its stake in State National Companies Inc by 66.29% during the most recent quarter end. The investment management company now holds a total of 362,734 shares of State National Companies Inc which is valued at $3,786,943 after selling 713,245 shares in State National Companies Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.State National Companies Inc makes up approximately 2.14% of Bhr Capital’s portfolio.
Other Hedge Funds, Including , Kensico Capital Management Corp reduced its stake in SNC by selling 550,200 shares or 26.89% in the most recent quarter. The Hedge Fund company now holds 1,496,000 shares of SNC which is valued at $15,618,240. State National Companies Inc makes up approx 0.31% of Kensico Capital Management Corp’s portfolio.Credit Suisse Ag boosted its stake in SNC in the latest quarter, The investment management firm added 15,647 additional shares and now holds a total of 26,964 shares of State National Companies Inc which is valued at $281,504.Cortina Asset Management reduced its stake in SNC by selling 20,437 shares or 3.55% in the most recent quarter. The Hedge Fund company now holds 554,650 shares of SNC which is valued at $5,790,546. State National Companies Inc makes up approx 0.25% of Cortina Asset Management’s portfolio. Acrospire Investment Management added SNC to its portfolio by purchasing 3,583 company shares during the most recent quarter which is valued at $38,947. State National Companies Inc makes up approx 0.03% of Acrospire Investment Management’s portfolio.Howard Hughes Medical Institute reduced its stake in SNC by selling 4,625 shares or 31.02% in the most recent quarter. The Hedge Fund company now holds 10,285 shares of SNC which is valued at $114,678. State National Companies Inc makes up approx 0.04% of Howard Hughes Medical Institute’s portfolio.
State National Companies Inc opened for trading at $10.19 and hit $10.33 on the upside on Thursday, eventually ending the session at $10.28, with a gain of 1.08% or 0.11 points. The heightened volatility saw the trading volume jump to 44,438 shares. Company has a market cap of $435 M.
Many Wall Street Analysts have commented on State National Companies Inc. Singular Research Initiated State National Companies Inc on Sep 6, 2016 to “Buy”, Price Target of the shares are set at $15.Company shares were Reiterated by Telsey Advisory Group on Jun 2, 2016 to “Outperform”, Firm has raised the Price Target to $ 16 from a previous price target of $15 .
State National Companies Inc. is a specialty provider of property and casualty insurance. The Company’s operating segments include Program Services Lender Services and Corporate. Program Services segment involves the writing of program business which includes books of business produced by general agents for which the Company receives ceding fees. Lender Services segment involves the writing and insuring of lines of insurance marketed to lending institutions primarily collateral protection insurance (CPI) policies. The Company writes its insurance business through its three subsidiaries which include State National Insurance Company Inc. (SNIC) and National Specialty Insurance Company (NSIC) and United Specialty Insurance Company (USIC). SNIC and NSIC are admitted carriers licensed to write property and casualty business in all 50 states and the District of Columbia. USIC is an admitted and is eligible to write surplus lines in all 50 states and the District of Columbia.