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

StockNews.com cut shares of Security National Financial (NASDAQ:SNFCA) from a strong-buy rating to a buy rating in a research report released on Monday.

Security National Financial Price Performance

SNFCA stock opened at $12.65 on Monday. The company has a market capitalization of $307.02 million, a P/E ratio of 10.30 and a beta of 1.10. The business has a 50-day moving average price of $12.27 and a 200 day moving average price of $10.01. Security National Financial has a 1-year low of $6.19 and a 1-year high of $13.59.

Institutional Investors Weigh In On Security National Financial

A number of large investors have recently bought and sold shares of SNFCA. Ritholtz Wealth Management grew its stake in shares of Security National Financial by 58.8% during the 4th quarter. Ritholtz Wealth Management now owns 40,734 shares of the credit services provider’s stock worth $490,000 after purchasing an additional 15,087 shares during the period. JPMorgan Chase & Co. grew its stake in Security National Financial by 1,673.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,368 shares of the credit services provider’s stock valued at $59,000 after acquiring an additional 6,009 shares during the period. Barclays PLC grew its stake in Security National Financial by 28.4% in the 3rd quarter. Barclays PLC now owns 42,486 shares of the credit services provider’s stock valued at $391,000 after acquiring an additional 9,404 shares during the period. Soltis Investment Advisors LLC grew its stake in Security National Financial by 1.0% in the 3rd quarter. Soltis Investment Advisors LLC now owns 2,820,948 shares of the credit services provider’s stock valued at $25,953,000 after acquiring an additional 29,120 shares during the period. Finally, Geode Capital Management LLC grew its stake in Security National Financial by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 132,414 shares of the credit services provider’s stock valued at $1,218,000 after acquiring an additional 1,080 shares during the period. Hedge funds and other institutional investors own 45.58% of the company’s stock.

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.