State National Companies, Inc. (NASDAQ:SNC) Shares Bought by American International Group Inc.

American International Group Inc. boosted its stake in shares of State National Companies, Inc. (NASDAQ:SNC) by 7.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,779 shares of the insurance provider’s stock after buying an additional 1,230 shares during the period. American International Group Inc.’s holdings in State National Companies were worth $270,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Highbridge Capital Management LLC purchased a new stake in State National Companies during the fourth quarter worth about $156,000. Dimensional Fund Advisors LP boosted its stake in State National Companies by 28.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 336,514 shares of the insurance provider’s stock worth $4,664,000 after buying an additional 74,090 shares during the period. State Street Corp boosted its stake in State National Companies by 11.0% in the fourth quarter. State Street Corp now owns 469,136 shares of the insurance provider’s stock worth $6,502,000 after buying an additional 46,370 shares during the period. Trexquant Investment LP boosted its stake in State National Companies by 21.4% in the first quarter. Trexquant Investment LP now owns 25,900 shares of the insurance provider’s stock worth $373,000 after buying an additional 4,558 shares during the period. Finally, Oxford Asset Management purchased a new stake in State National Companies during the first quarter worth about $1,033,000. 58.04% of the stock is currently owned by institutional investors.

State National Companies, Inc. (SNC) traded up 0.10% during mid-day trading on Friday, hitting $20.93. 280,846 shares of the stock traded hands. State National Companies, Inc. has a 52 week low of $9.90 and a 52 week high of $21.51. The firm has a market cap of $882.68 million, a P/E ratio of 16.35 and a beta of 1.09. The firm’s 50-day moving average price is $19.71 and its 200-day moving average price is $16.26.

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Several research firms recently weighed in on SNC. BidaskClub upgraded shares of State National Companies from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st. ValuEngine cut shares of State National Companies from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. JMP Securities cut shares of State National Companies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 1st. Singular Research cut shares of State National Companies from a “buy” rating to a “sell” rating in a research note on Friday, July 28th. Finally, FBR & Co reiterated a “buy” rating on shares of State National Companies in a research note on Monday, May 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $27.60.

State National Companies Company Profile

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.

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

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