Security National Financial (NASDAQ:SNFCA) Upgraded by StockNews.com to Strong-Buy Rating

StockNews.com upgraded shares of Security National Financial (NASDAQ:SNFCA) from a buy rating to a strong-buy rating in a report issued on Thursday.

Security National Financial Trading Down 0.6 %

Shares of SNFCA opened at $12.44 on Thursday. The firm has a market capitalization of $301.98 million, a price-to-earnings ratio of 10.13 and a beta of 1.10. The firm’s fifty day simple moving average is $12.51 and its 200-day simple moving average is $11.08. Security National Financial has a twelve month low of $6.19 and a twelve month high of $13.59.

Hedge Funds Weigh In On Security National Financial

Several large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its position in shares of Security National Financial by 795.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,885 shares of the credit services provider’s stock worth $47,000 after acquiring an additional 3,451 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Security National Financial by 1,673.8% during the third quarter. JPMorgan Chase & Co. now owns 6,368 shares of the credit services provider’s stock worth $59,000 after buying an additional 6,009 shares during the period. Farther Finance Advisors LLC purchased a new position in shares of Security National Financial during the fourth quarter worth about $73,000. Cubist Systematic Strategies LLC increased its position in Security National Financial by 203.9% in the 4th quarter. Cubist Systematic Strategies LLC now owns 7,217 shares of the credit services provider’s stock valued at $87,000 after acquiring an additional 4,842 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in Security National Financial by 10.3% during 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 acquiring an additional 1,322 shares during the last quarter. 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.