Brokers or PE likeliest State National buyers: Binner

Potential suitors for State National are likely to include
brokers and private equity firms, according to FBR analyst Randy
Binner.
The Insurance Insider revealed last
week that the specialist fronting and programme carrier had
appointed Evercore to run a formal sales process.
The company's shares traded up almost 5 percent after the
news broke on Friday (19 May), closing at $16.12.
Before the uptick, the company's stock was already at above
2.1x book value, with a price to earnings ratio...