Security National Financial (NASDAQ:SNFCA) Cut to “Hold” at StockNews.com

Security National Financial (NASDAQ:SNFCA) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Security National Financial Stock Down 1.3 %

Shares of NASDAQ SNFCA traded down $0.13 on Wednesday, hitting $10.07. The company had a trading volume of 24,533 shares, compared to its average volume of 44,897. The firm has a market capitalization of $243.89 million, a P/E ratio of 11.07 and a beta of 1.01. The business has a 50 day moving average of $9.35 and a two-hundred day moving average of $8.37. Security National Financial has a 12-month low of $6.19 and a 12-month high of $10.76.

Security National Financial (NASDAQ:SNFCA) last announced its quarterly earnings results on Wednesday, August 14th. The credit services provider reported $0.30 earnings per share for the quarter. Security National Financial had a return on equity of 6.89% and a net margin of 6.72%. The business had revenue of $85.79 million for the quarter.

Institutional Trading of Security National Financial

Several large investors have recently added to or reduced their stakes in the company. Townsquare Capital LLC increased its holdings in Security National Financial by 5.0% in the third quarter. Townsquare Capital LLC now owns 116,291 shares of the credit services provider’s stock worth $1,070,000 after buying an additional 5,538 shares during the last quarter. Empowered Funds LLC grew its stake in Security National Financial by 10.6% in the 3rd quarter. Empowered Funds LLC now owns 49,961 shares of the credit services provider’s stock valued at $460,000 after buying an additional 4,802 shares during the last quarter. Ritholtz Wealth Management grew its holdings in Security National Financial by 77.0% in the 3rd quarter. Ritholtz Wealth Management now owns 25,647 shares of the credit services provider’s stock valued at $236,000 after buying an additional 11,160 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Security National Financial in the second quarter worth $103,000. Finally, Marshall Wace LLP acquired a new stake in Security National Financial in the 2nd quarter worth $106,000. 45.58% of the stock is owned by institutional investors and hedge funds.

Security National Financial Company Profile

Security National Financial Corporation engages in the life insurance, cemetery and mortuary, and mortgage businesses. The company's Life Insurance segment is involved in selling and servicing lines of life insurance, annuity products, and accident and health insurance. It offers various life insurance products, including funeral plans and interest-sensitive life insurance, as well as other traditional life, accident, and health insurance products; annuity products comprising single and flexible premium deferred annuities, and immediate annuities; and diver's accident insurance policies.