Security National Financial (NASDAQ:SNFCA) Raised to Strong-Buy at StockNews.com

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

Security National Financial Stock Performance

SNFCA opened at $11.80 on Friday. The stock has a market capitalization of $286.45 million, a price-to-earnings ratio of 9.61 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 company has a fifty day moving average of $11.36 and a 200 day moving average of $9.35.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SNFCA. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Security National Financial in the 2nd quarter valued at about $103,000. Marshall Wace LLP purchased a new stake in Security National Financial during the second quarter valued at approximately $106,000. Hsbc Holdings PLC bought a new stake in shares of Security National Financial in the 2nd quarter valued at approximately $198,000. Ritholtz Wealth Management boosted its holdings in shares of Security National Financial by 77.0% in the 3rd quarter. Ritholtz Wealth Management now owns 25,647 shares of the credit services provider’s stock worth $236,000 after purchasing an additional 11,160 shares during the period. Finally, Jane Street Group LLC increased its position in shares of Security National Financial by 28.5% during the 3rd quarter. Jane Street Group LLC now owns 40,931 shares of the credit services provider’s stock valued at $377,000 after purchasing an additional 9,076 shares during the last quarter. 45.58% of the stock is owned by hedge funds and other institutional investors.

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.