StockNews.com Downgrades Security National Financial (NASDAQ:SNFCA) to Hold

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

Security National Financial Stock Performance

SNFCA stock traded down $0.13 during midday trading on Wednesday, reaching $10.07. The stock had a trading volume of 24,533 shares, compared to its average volume of 44,897. The firm has a fifty day simple moving average of $9.35 and a two-hundred day simple moving average of $8.37. Security National Financial has a 52-week low of $6.19 and a 52-week high of $10.76. The stock has a market cap of $243.89 million, a PE ratio of 11.07 and a beta of 1.01.

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

Hedge Funds Weigh In On Security National Financial

Institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets raised its stake in Security National Financial by 171.7% during the 1st quarter. BNP Paribas Financial Markets now owns 10,695 shares of the credit services provider’s stock worth $85,000 after acquiring an additional 6,759 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Security National Financial in the second quarter worth $103,000. Marshall Wace LLP acquired a new position in shares of Security National Financial during the 2nd quarter worth $106,000. Hillsdale Investment Management Inc. grew its position in Security National Financial by 45.8% during the first quarter. Hillsdale Investment Management Inc. now owns 22,300 shares of the credit services provider’s stock worth $176,000 after buying an additional 7,000 shares during the period. Finally, Hsbc Holdings PLC purchased a new stake in shares of Security National Financial during the 2nd quarter worth approximately $198,000. 45.58% of the stock is owned by institutional investors and hedge funds.

Security National Financial Company Profile

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.