Security National Financial (NASDAQ:SNFCA) Stock Rating Upgraded by StockNews.com

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

Security National Financial Stock Up 1.4 %

Shares of SNFCA opened at $11.96 on Thursday. The stock has a market cap of $289.67 million, a P/E ratio of 9.74 and a beta of 1.01. The business’s fifty day moving average is $9.59 and its 200 day moving average is $8.52. Security National Financial has a 12-month low of $6.19 and a 12-month high of $11.96.

Hedge Funds Weigh In On Security National Financial

A number of hedge funds have recently bought and sold shares of SNFCA. BNP Paribas Financial Markets raised its stake in shares of Security National Financial by 171.7% during the 1st quarter. BNP Paribas Financial Markets now owns 10,695 shares of the credit services provider’s stock worth $85,000 after purchasing an additional 6,759 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Security National Financial in the second quarter worth about $103,000. Marshall Wace LLP bought a new stake in shares of Security National Financial in the second quarter valued at approximately $106,000. Ritholtz Wealth Management raised its holdings in Security National Financial by 77.0% during the 3rd quarter. Ritholtz Wealth Management now owns 25,647 shares of the credit services provider’s stock valued at $236,000 after acquiring an additional 11,160 shares during the period. Finally, Hsbc Holdings PLC bought a new stake in shares of Security National Financial during the 2nd quarter valued at $198,000. 45.58% of the stock is owned by hedge funds and other institutional investors.

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.