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.
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
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