Security National Financial (NASDAQ:SNFCA) Lowered to “Buy” Rating by StockNews.com

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

Security National Financial Price Performance

Shares of NASDAQ SNFCA traded down $0.27 during mid-day trading on Friday, reaching $12.83. 26,841 shares of the company traded hands, compared to its average volume of 46,483. The firm has a market cap of $311.38 million, a PE ratio of 10.45 and a beta of 1.09. Security National Financial has a fifty-two week low of $6.19 and a fifty-two week high of $13.59. The stock has a fifty day simple moving average of $11.00 and a 200-day simple moving average of $9.16.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Security National Financial in the second quarter valued at approximately $103,000. Marshall Wace LLP bought a new stake in Security National Financial in the second quarter worth $106,000. Hsbc Holdings PLC acquired a new position in Security National Financial during the second quarter worth $198,000. Ritholtz Wealth Management raised its holdings in Security National Financial by 77.0% during the third 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 in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Security National Financial by 28.5% in the third quarter. Jane Street Group LLC now owns 40,931 shares of the credit services provider’s stock worth $377,000 after buying an additional 9,076 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.