State National Companies Inc (SNC) was Initiated by Singular Research to “Buy” and the brokerage firm has set the Price Target at $15. Singular Research advised their investors in a research report released on Sep 6, 2016.
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.
In a different news, on Nov 23, 2015, Eugene Becker (director) purchased 2,000 shares at $9.65 per share price.
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.