Security National Financial (NASDAQ:SNFCA) Stock Rating Lowered by StockNews.com

Security National Financial (NASDAQ:SNFCA) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

Security National Financial Stock Up 4.7 %

Shares of SNFCA stock opened at $10.54 on Wednesday. Security National Financial has a fifty-two week low of $6.19 and a fifty-two week high of $10.76. The firm’s 50 day moving average price is $9.38 and its two-hundred day moving average price is $8.38. The stock has a market cap of $255.27 million, a price-to-earnings ratio of 11.07 and a beta of 1.01.

Security National Financial (NASDAQ:SNFCA) last released its quarterly earnings data on Wednesday, August 14th. The credit services provider reported $0.30 EPS for the quarter. Security National Financial had a return on equity of 6.89% and a net margin of 6.72%. The company had revenue of $85.79 million for the quarter.

Institutional Investors Weigh In On Security National Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Security National Financial by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 609,575 shares of the credit services provider’s stock valued at $4,822,000 after purchasing an additional 7,219 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Security National Financial by 10.3% in the second quarter. Dimensional Fund Advisors LP now owns 550,809 shares of the credit services provider’s stock valued at $4,401,000 after buying an additional 51,539 shares during the last quarter. Renaissance Technologies LLC raised its stake in Security National Financial by 43.8% during the second quarter. Renaissance Technologies LLC now owns 291,553 shares of the credit services provider’s stock valued at $2,330,000 after buying an additional 88,850 shares in the last quarter. Carlson Capital L P lifted its holdings in Security National Financial by 4.1% during the 1st quarter. Carlson Capital L P now owns 220,048 shares of the credit services provider’s stock worth $1,741,000 after buying an additional 8,747 shares during the last quarter. Finally, Townsquare Capital LLC grew its position 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 worth $1,070,000 after acquiring an additional 5,538 shares in 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.