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

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

Security National Financial Stock Performance

Shares of NASDAQ:SNFCA opened at $13.13 on Friday. The firm has a market cap of $318.67 million, a P/E ratio of 10.69 and a beta of 1.10. Security National Financial has a 52-week low of $6.19 and a 52-week high of $13.59. The business’s 50 day simple moving average is $12.43 and its two-hundred day simple moving average is $10.40.

Institutional Trading of Security National Financial

Hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP bought a new position in Security National Financial during the second quarter worth about $106,000. Ritholtz Wealth Management grew its stake in 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 valued at $236,000 after buying an additional 11,160 shares in the last quarter. Empowered Funds LLC grew its stake in Security National Financial by 10.6% in the 3rd 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 in the last quarter. Townsquare Capital LLC raised its holdings in Security National Financial by 5.0% during the 3rd quarter. Townsquare Capital LLC now owns 116,291 shares of the credit services provider’s stock valued at $1,070,000 after acquiring an additional 5,538 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Security National Financial by 10.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 14,213 shares of the credit services provider’s stock worth $131,000 after acquiring an additional 1,322 shares in the last quarter. Institutional investors own 45.58% of the company’s stock.

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.