Point72 Asia Singapore Pte. Ltd. Takes $103,000 Position in Security National Financial Co. (NASDAQ:SNFCA)

Point72 Asia Singapore Pte. Ltd. purchased a new position in Security National Financial Co. (NASDAQ:SNFCA) in the second quarter, Holdings Channel.com reports. The fund purchased 12,891 shares of the credit services provider’s stock, valued at approximately $103,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its holdings in Security National Financial by 17.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 59,306 shares of the credit services provider’s stock worth $534,000 after buying an additional 8,992 shares during the period. EP Wealth Advisors LLC purchased a new position in shares of Security National Financial in the 4th quarter valued at approximately $521,000. BNP Paribas Financial Markets boosted its position in shares of Security National Financial by 171.7% during the first quarter. BNP Paribas Financial Markets now owns 10,695 shares of the credit services provider’s stock valued at $85,000 after purchasing an additional 6,759 shares in the last quarter. Empowered Funds LLC grew its stake in Security National Financial by 8.1% in the first quarter. Empowered Funds LLC now owns 41,919 shares of the credit services provider’s stock worth $332,000 after purchasing an additional 3,150 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Security National Financial by 1.2% in the first quarter. Vanguard Group Inc. now owns 609,575 shares of the credit services provider’s stock worth $4,822,000 after purchasing an additional 7,219 shares in the last quarter. Hedge funds and other institutional investors own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Security National Financial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 13th.

Security National Financial Stock Performance

Shares of SNFCA opened at $9.16 on Friday. Security National Financial Co. has a fifty-two week low of $6.19 and a fifty-two week high of $9.29. The firm’s 50-day simple moving average is $8.41 and its two-hundred day simple moving average is $7.83. The stock has a market cap of $221.86 million, a PE ratio of 10.45 and a beta of 1.02.

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

Security National Financial 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.