FBR Capital Believes State National Companies Inc (NASDAQ: SNC) Won’t Stop Here

By Ryan Adsit

In a report issued on May 19, Randy Binner from FBR Capital reiterated a Buy rating on State National Companies Inc (NASDAQ: SNC). The company’s shares opened today at $16.13, close to its 52-week high of $16.99.

According to TipRanks.com, Binner is a 5-star analyst with an average return of 12.2% and a 72.7% success rate. Binner covers the Financial sector, focusing on stocks such as American Equity Investment Life, American International Group, and National General Holdings.

State National Companies Inc has an analyst consensus of Moderate Buy.

State National Companies Inc’s market cap is currently $679.8M and has a P/E ratio of 13.32. The company has a book value ratio of 2.2127.

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State National Cos., Inc. engages in the provision of insurance business. It operates through Program Services and Lender Services segments. The Program Services segment provides collateral protection insurance which insures personal automobiles, light trucks, and other vehicles held as collateral for loans made by credit unions, banks and specialty finance companies. The Program Services segment, is the business where the company acts as an issuing carrier for foreign and domestic insurance and reinsurance companies in exchange for a ceding fee and offers insurance products including general liability insurance, commercial liability insurance, commercial multi-peril insurance, property insurance and workers compensation insurance. The company was founded by Lonnie Ledbetter and Terry Ledbetter in 1973 and is headquartered in Wilmington, TX.