Security National Financial (NASDAQ:SNFCA) Raised to “Strong-Buy” at StockNews.com

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

Security National Financial Stock Up 1.4 %

Shares of SNFCA stock opened at $11.96 on Thursday. The firm has a market cap of $289.67 million, a P/E ratio of 9.74 and a beta of 1.01. Security National Financial has a 12-month low of $6.19 and a 12-month high of $11.96. The business has a 50-day moving average price of $9.59 and a two-hundred day moving average price of $8.52.

Institutional Trading of Security National Financial

Several hedge funds and other institutional investors have recently bought and sold shares of SNFCA. BNP Paribas Financial Markets grew its stake in shares of Security National Financial by 171.7% in the first quarter. BNP Paribas Financial Markets now owns 10,695 shares of the credit services provider’s stock worth $85,000 after purchasing an additional 6,759 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Security National Financial in the 2nd quarter worth approximately $103,000. Marshall Wace LLP purchased a new position in shares of Security National Financial during the second quarter valued at approximately $106,000. Hsbc Holdings PLC bought a new position in shares of Security National Financial during the second quarter valued at approximately $198,000. Finally, Ritholtz Wealth Management lifted its stake in Security National Financial by 77.0% in the third quarter. Ritholtz Wealth Management now owns 25,647 shares of the credit services provider’s stock worth $236,000 after acquiring an additional 11,160 shares during the period. Institutional investors own 45.58% of the company’s stock.

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.