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

Security National Financial (NASDAQ:SNFCA) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

Security National Financial Stock Up 4.7 %

SNFCA opened at $10.54 on Wednesday. The company’s 50-day moving average price is $9.38 and its 200 day moving average price is $8.38. Security National Financial has a fifty-two week low of $6.19 and a fifty-two week high of $10.76. The firm has a market cap of $255.27 million, a price-to-earnings ratio of 11.07 and a beta of 1.01.

Security National Financial (NASDAQ:SNFCA) last announced its quarterly earnings results on Wednesday, August 14th. The credit services provider reported $0.30 earnings per share (EPS) for the quarter. The business 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%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SNFCA. BNP Paribas Financial Markets boosted its position in Security National Financial by 171.7% during the 1st quarter. BNP Paribas Financial Markets now owns 10,695 shares of the credit services provider’s stock worth $85,000 after acquiring an additional 6,759 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Security National Financial by 9.3% in the first quarter. Janney Montgomery Scott LLC now owns 64,798 shares of the credit services provider’s stock worth $513,000 after purchasing an additional 5,492 shares during the period. Empowered Funds LLC lifted its holdings 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. Vanguard Group Inc. grew its position in Security National Financial by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 609,575 shares of the credit services provider’s stock valued at $4,822,000 after buying an additional 7,219 shares in the last quarter. Finally, Hillsdale Investment Management Inc. increased its stake in Security National Financial by 45.8% during the 1st quarter. Hillsdale Investment Management Inc. now owns 22,300 shares of the credit services provider’s stock valued at $176,000 after buying an additional 7,000 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.