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State National (SNC) Catches Eye: Stock Adds 6.1% in Session
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State National Companies, Inc. was a big mover last session, as its shares rose over 6% on the day. The move came after U.S. insurer Markel Corp announced plans to buy State National for about $919 million. This led to too far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 18% in the past one-month time frame.
The company has seen one negative estimate revision in the last 30 days.Its Zacks Consensus Estimate has moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.
State National currently carries a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00.
Is SNC going up? Or down? Predict to see what others think: Up or Down
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artifical intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
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State National (SNC) Catches Eye: Stock Adds 6.1% in Session
State National Companies, Inc. was a big mover last session, as its shares rose over 6% on the day. The move came after U.S. insurer Markel Corp announced plans to buy State National for about $919 million. This led to too far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 18% in the past one-month time frame.
The company has seen one negative estimate revision in the last 30 days.Its Zacks Consensus Estimate has moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.
State National currently carries a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00.
State National Companies, Inc. Price
State National Companies, Inc. Price | State National Companies, Inc. Quote
A better-ranked stock in the Insurance - Property and Casualty space is Fidelity National Financial, Inc. (FNF - Free Report) , carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is SNC going up? Or down? Predict to see what others think: Up or Down
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artifical intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>