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

StockNews.com lowered shares of Security National Financial (NASDAQ:SNFCA) from a strong-buy rating to a buy rating in a research report sent to investors on Friday.

Security National Financial Stock Performance

Security National Financial stock opened at $12.83 on Friday. Security National Financial has a 1 year low of $6.19 and a 1 year high of $13.59. The firm’s 50-day moving average is $11.08 and its 200-day moving average is $9.22. The company has a market cap of $311.38 million, a P/E ratio of 10.45 and a beta of 1.09.

Institutional Trading of Security National Financial

Institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its holdings in shares of Security National Financial by 43.8% in the 2nd quarter. Renaissance Technologies LLC now owns 291,553 shares of the credit services provider’s stock worth $2,330,000 after acquiring an additional 88,850 shares during the period. Dimensional Fund Advisors LP grew its position in Security National Financial by 10.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 550,809 shares of the credit services provider’s stock worth $4,401,000 after purchasing an additional 51,539 shares during the last quarter. Soltis Investment Advisors LLC increased its stake in shares of Security National Financial by 1.0% in the third quarter. Soltis Investment Advisors LLC now owns 2,820,948 shares of the credit services provider’s stock valued at $25,953,000 after purchasing an additional 29,120 shares during the period. Hsbc Holdings PLC acquired a new stake in shares of Security National Financial in the second quarter valued at approximately $198,000. Finally, RBF Capital LLC raised its holdings in shares of Security National Financial by 5.9% during the third quarter. RBF Capital LLC now owns 296,531 shares of the credit services provider’s stock valued at $2,728,000 after buying an additional 16,406 shares during the last quarter. 45.58% of the stock is currently 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.