Security National Financial (NASDAQ:SNFCA) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of Security National Financial (NASDAQ:SNFCA) from a buy rating to a hold rating in a research report report published on Wednesday morning.

Security National Financial Stock Performance

SNFCA opened at $10.56 on Wednesday. The company has a fifty day moving average price of $9.46 and a two-hundred day moving average price of $8.42. Security National Financial has a 52 week low of $6.19 and a 52 week high of $10.76. The firm has a market capitalization of $255.76 million, a PE ratio of 11.61 and a beta of 1.01.

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

Hedge Funds Weigh In On Security National Financial

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in shares of Security National Financial by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 132,414 shares of the credit services provider’s stock valued at $1,218,000 after buying an additional 1,080 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Security National Financial by 10.3% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 14,213 shares of the credit services provider’s stock valued at $131,000 after buying an additional 1,322 shares during the period. Physician Wealth Advisors Inc. grew its holdings in shares of Security National Financial by 5.0% in the 2nd quarter. Physician Wealth Advisors Inc. now owns 32,296 shares of the credit services provider’s stock valued at $251,000 after buying an additional 1,538 shares during the period. State Street Corp boosted its stake in Security National Financial by 5.0% in the 3rd quarter. State Street Corp now owns 51,163 shares of the credit services provider’s stock worth $471,000 after purchasing an additional 2,434 shares during the period. Finally, EP Wealth Advisors LLC boosted its stake in Security National Financial by 5.0% in the 3rd quarter. EP Wealth Advisors LLC now owns 60,825 shares of the credit services provider’s stock worth $560,000 after purchasing an additional 2,896 shares during the period. Institutional investors and hedge funds own 45.58% of the company’s stock.

About Security National Financial

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.