Security National Financial (NASDAQ:SNFCA) Lowered to Hold Rating by StockNews.com

Security National Financial (NASDAQ:SNFCA) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Security National Financial Trading Up 1.3 %

NASDAQ SNFCA opened at $11.35 on Tuesday. The firm has a market capitalization of $275.52 million, a P/E ratio of 9.24 and a beta of 1.04. The firm’s fifty day moving average price is $12.61 and its two-hundred day moving average price is $11.58. Security National Financial has a 1 year low of $6.19 and a 1 year high of $13.59.

Institutional Trading of Security National Financial

Several institutional investors and hedge funds have recently bought and sold shares of SNFCA. Jefferies Financial Group Inc. raised its position in shares of Security National Financial by 15.4% in the fourth quarter. Jefferies Financial Group Inc. now owns 13,614 shares of the credit services provider’s stock valued at $164,000 after purchasing an additional 1,814 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its holdings in Security National Financial by 7.0% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 15,213 shares of the credit services provider’s stock valued at $183,000 after acquiring an additional 1,000 shares during the period. Millennium Management LLC raised its holdings in Security National Financial by 49.1% in the 4th quarter. Millennium Management LLC now owns 121,907 shares of the credit services provider’s stock valued at $1,467,000 after acquiring an additional 40,138 shares during the period. Cubist Systematic Strategies LLC lifted its position in Security National Financial by 203.9% during the fourth quarter. Cubist Systematic Strategies LLC now owns 7,217 shares of the credit services provider’s stock worth $87,000 after acquiring an additional 4,842 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Security National Financial by 31.8% in the fourth quarter. Bank of America Corp DE now owns 17,226 shares of the credit services provider’s stock valued at $207,000 after purchasing an additional 4,161 shares during the last quarter. 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.