Cubist Systematic Strategies LLC Purchases 4,842 Shares of Security National Financial Co. (NASDAQ:SNFCA)

Cubist Systematic Strategies LLC lifted its stake in Security National Financial Co. (NASDAQ:SNFCA) by 203.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,217 shares of the credit services provider’s stock after acquiring an additional 4,842 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Security National Financial were worth $87,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its stake in shares of Security National Financial by 795.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,885 shares of the credit services provider’s stock worth $47,000 after acquiring an additional 3,451 shares during the period. Farther Finance Advisors LLC bought a new stake in Security National Financial during the fourth quarter valued at approximately $73,000. JPMorgan Chase & Co. grew its position in Security National Financial by 1,673.8% during the third quarter. JPMorgan Chase & Co. now owns 6,368 shares of the credit services provider’s stock valued at $59,000 after buying an additional 6,009 shares during the period. Bank of America Corp DE grew its position in Security National Financial by 31.8% during the fourth quarter. Bank of America Corp DE now owns 17,226 shares of the credit services provider’s stock valued at $207,000 after buying an additional 4,161 shares during the period. Finally, Hillsdale Investment Management Inc. bought a new stake in Security National Financial during the fourth quarter valued at approximately $236,000. 45.58% of the stock is currently owned by institutional investors.

Security National Financial Trading Up 1.8%

Shares of NASDAQ SNFCA opened at $10.38 on Tuesday. The firm has a 50 day moving average of $10.55 and a 200 day moving average of $11.68. The firm has a market capitalization of $256.27 million, a price-to-earnings ratio of 8.45 and a beta of 0.88. Security National Financial Co. has a 12-month low of $6.95 and a 12-month high of $13.59.

Security National Financial (NASDAQ:SNFCA) last announced its earnings results on Thursday, May 15th. The credit services provider reported $0.18 earnings per share (EPS) for the quarter. Security National Financial had a net margin of 8.92% and a return on equity of 9.02%. The company had revenue of $82.74 million during the quarter.

Wall Street Analysts Forecast Growth

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

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.