Security National Financial (NASDAQ:SNFCA) Shares Pass Below 200-Day Moving Average of $8.00

Security National Financial Co. (NASDAQ:SNFCA)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.00 and traded as low as $6.58. Security National Financial shares last traded at $6.62, with a volume of 44,811 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Security National Financial from a “buy” rating to a “hold” rating in a research note on Monday, April 1st.

Security National Financial Stock Performance

The firm’s 50 day moving average is $7.82 and its two-hundred day moving average is $8.00. The stock has a market capitalization of $152.39 million, a PE ratio of 10.23 and a beta of 0.91.

Institutional Investors Weigh In On Security National Financial

Several large investors have recently added to or reduced their stakes in SNFCA. BlackRock Inc. increased its stake in Security National Financial by 2.2% during the 1st quarter. BlackRock Inc. now owns 118,016 shares of the credit services provider’s stock worth $1,180,000 after buying an additional 2,555 shares during the period. Dimensional Fund Advisors LP grew its holdings in Security National Financial by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 319,425 shares of the credit services provider’s stock worth $3,195,000 after acquiring an additional 3,601 shares in the last quarter. State Street Corp grew its holdings in Security National Financial by 11.1% during the 1st quarter. State Street Corp now owns 43,145 shares of the credit services provider’s stock worth $431,000 after acquiring an additional 4,294 shares in the last quarter. Citadel Advisors LLC acquired a new position in Security National Financial during the 3rd quarter worth approximately $100,000. Finally, Susquehanna International Group LLP acquired a new position in Security National Financial during the 4th quarter worth approximately $190,000. 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 policies.