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

StockNews.com cut shares of Security National Financial (NASDAQ:SNFCA) from a strong-buy rating to a buy rating in a research note published on Monday.

Security National Financial Price Performance

NASDAQ:SNFCA opened at $12.33 on Monday. Security National Financial has a one year low of $6.19 and a one year high of $13.59. The firm’s 50 day simple moving average is $12.18 and its 200 day simple moving average is $9.95. The company has a market cap of $299.25 million, a PE ratio of 10.04 and a beta of 1.10.

Institutional Investors Weigh In On Security National Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of Security National Financial by 1,673.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,368 shares of the credit services provider’s stock worth $59,000 after purchasing an additional 6,009 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Security National Financial in the second quarter worth $103,000. Marshall Wace LLP bought a new stake in Security National Financial during the 2nd quarter valued at $106,000. Ritholtz Wealth Management boosted its position 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 buying an additional 11,160 shares during the period. Finally, Hsbc Holdings PLC purchased a new position in shares of Security National Financial in the second quarter valued at about $198,000. 45.58% of the stock is currently owned by 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.