Bank of America Corp DE Boosts Stock Position in Security National Financial Co. (NASDAQ:SNFCA)

Bank of America Corp DE raised its stake in Security National Financial Co. (NASDAQ:SNFCA) by 31.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,226 shares of the credit services provider’s stock after acquiring an additional 4,161 shares during the period. Bank of America Corp DE owned approximately 0.07% of Security National Financial worth $207,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Empowered Funds LLC lifted its position in Security National Financial by 4.9% in the 4th quarter. Empowered Funds LLC now owns 52,402 shares of the credit services provider’s stock valued at $630,000 after acquiring an additional 2,441 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in shares of Security National Financial during the fourth quarter valued at approximately $73,000. Hillsdale Investment Management Inc. bought a new position in Security National Financial during the fourth quarter valued at approximately $236,000. O Shaughnessy Asset Management LLC lifted its position in Security National Financial by 42.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 93,682 shares of the credit services provider’s stock valued at $1,127,000 after purchasing an additional 28,002 shares during the period. Finally, Barclays PLC boosted its holdings in Security National Financial by 3.3% in the fourth quarter. Barclays PLC now owns 43,881 shares of the credit services provider’s stock worth $528,000 after purchasing an additional 1,395 shares during the last quarter. 45.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Security National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, April 1st.

Security National Financial Price Performance

SNFCA stock opened at $9.83 on Monday. The company has a market capitalization of $242.69 million, a price-to-earnings ratio of 8.00 and a beta of 0.82. The business has a 50 day simple moving average of $9.86 and a two-hundred day simple moving average of $11.49. Security National Financial Co. has a 1-year low of $6.95 and a 1-year high of $13.59.

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

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.