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

Security National Financial (NASDAQ:SNFCA) was downgraded by equities research 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 SNFCA opened at $12.16 on Friday. Security National Financial has a one year low of $6.19 and a one year high of $13.59. The firm has a market capitalization of $295.18 million, a P/E ratio of 9.90 and a beta of 1.10. The business has a fifty day moving average of $12.52 and a 200 day moving average of $11.20.

Institutional Investors Weigh In On Security National Financial

A number of hedge funds have recently made changes to their positions in SNFCA. Empowered Funds LLC boosted its stake in Security National Financial by 10.6% during the third quarter. Empowered Funds LLC now owns 49,961 shares of the credit services provider’s stock valued at $460,000 after buying an additional 4,802 shares during the last quarter. Townsquare Capital LLC lifted its stake in shares of Security National Financial by 5.0% in the 3rd quarter. Townsquare Capital LLC now owns 116,291 shares of the credit services provider’s stock valued at $1,070,000 after purchasing an additional 5,538 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Security National Financial by 10.3% in 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 purchasing an additional 1,322 shares during the last quarter. RBF Capital LLC lifted its stake in shares of Security National Financial by 5.9% in the 3rd quarter. RBF Capital LLC now owns 296,531 shares of the credit services provider’s stock valued at $2,728,000 after purchasing an additional 16,406 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Security National Financial by 5.0% in the 3rd quarter. State Street Corp now owns 51,163 shares of the credit services provider’s stock valued at $471,000 after purchasing an additional 2,434 shares during the last quarter. 45.58% of the stock is currently 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.