State National Cos. (NASDAQ:SNC) declared a quarterly dividend on Friday, September 2nd. Shareholders of record on Friday, September 30th will be given a dividend of 0.06 per share on Monday, October 17th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Wednesday, September 28th.
State National Cos. (NASDAQ:SNC) opened at 11.10 on Tuesday. State National Cos. has a 52-week low of $8.33 and a 52-week high of $13.26. The firm has a 50 day moving average of $10.44 and a 200-day moving average of $11.09. The stock has a market cap of $469.93 million, a PE ratio of 10.44 and a beta of 0.67.
State National Cos. (NASDAQ:SNC) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.01. State National Cos. had a return on equity of 16.92% and a net margin of 22.37%. Equities analysts anticipate that State National Cos. will post $1.33 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the stock. Alliancebernstein L.P. bought a new position in State National Cos. during the second quarter valued at $163,000. A.R.T. Advisors LLC acquired a new position in State National Cos. during the second quarter valued at approximately $223,000. Nationwide Fund Advisors raised its position in State National Cos. by 11.0% in the second quarter. Nationwide Fund Advisors now owns 22,138 shares of the company’s stock valued at $233,000 after buying an additional 2,196 shares during the period. BlackRock Group LTD raised its position in State National Cos. by 13.2% in the second quarter. BlackRock Group LTD now owns 45,218 shares of the company’s stock valued at $476,000 after buying an additional 5,285 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its position in State National Cos. by 212.5% in the second quarter. O Shaughnessy Asset Management LLC now owns 50,837 shares of the company’s stock valued at $535,000 after buying an additional 34,571 shares during the period. 51.86% of the stock is owned by institutional investors.
A number of analysts have recently issued reports on SNC shares. Telsey Advisory Group increased their price objective on shares of State National Cos. from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Thursday, June 2nd. FBR & Co reissued a “buy” rating and issued a $16.00 price objective (up from $15.00) on shares of State National Cos. in a research note on Thursday, June 2nd. Singular Research started coverage on shares of State National Cos. in a research note on Tuesday, September 6th. They issued a “buy” rating and a $15.00 price objective for the company. Finally, Zacks Investment Research cut shares of State National Cos. from a “hold” rating to a “sell” rating in a research note on Friday, August 12th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $14.50.
About State National Cos.
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 that provides insurance capacity access to the United States property and casualty insurance markets.
Receive News & Ratings for State National Cos. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for State National Cos. and related companies with MarketBeat.com's FREE daily email newsletter.