Hsbc Holdings PLC Invests $198,000 in Security National Financial Co. (NASDAQ:SNFCA)

Hsbc Holdings PLC acquired a new stake in Security National Financial Co. (NASDAQ:SNFCA) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 25,698 shares of the credit services provider’s stock, valued at approximately $198,000. Hsbc Holdings PLC owned about 0.11% of Security National Financial at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its holdings in shares of Security National Financial by 171.7% in the 1st quarter. BNP Paribas Financial Markets now owns 10,695 shares of the credit services provider’s stock valued at $85,000 after buying an additional 6,759 shares during the period. Hillsdale Investment Management Inc. grew its stake in Security National Financial by 45.8% in the first quarter. Hillsdale Investment Management Inc. now owns 22,300 shares of the credit services provider’s stock valued at $176,000 after acquiring an additional 7,000 shares during the period. Physician Wealth Advisors Inc. increased its holdings in shares of Security National Financial by 5.0% in the second quarter. Physician Wealth Advisors Inc. now owns 32,296 shares of the credit services provider’s stock worth $251,000 after acquiring an additional 1,538 shares in the last quarter. Empowered Funds LLC raised its position in shares of Security National Financial by 8.1% during the first quarter. Empowered Funds LLC now owns 41,919 shares of the credit services provider’s stock worth $332,000 after purchasing an additional 3,150 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of Security National Financial by 58.4% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 49,879 shares of the credit services provider’s stock valued at $395,000 after purchasing an additional 18,393 shares in the last quarter. Institutional investors and hedge funds own 45.58% of the company’s stock.

Security National Financial Stock Up 1.4 %

Shares of NASDAQ:SNFCA opened at $9.25 on Friday. The firm has a market cap of $224.04 million, a price-to-earnings ratio of 10.56 and a beta of 1.02. Security National Financial Co. has a 12 month low of $6.19 and a 12 month high of $9.29. The company’s fifty day simple moving average is $8.53 and its 200 day simple moving average is $7.87.

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

Analyst Ratings Changes

Separately, StockNews.com cut Security National Financial from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 13th.

Security National Financial 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.