Security National Financial (NASDAQ:SNFCA) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Security National Financial Corporation (NASDAQ:SNFCA)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $8.95 and traded as high as $9.12. Security National Financial shares last traded at $8.93, with a volume of 21,123 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Security National Financial in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Security National Financial Trading Down 0.8%

The company has a 50-day moving average of $8.95 and a 200-day moving average of $8.68. The company has a market capitalization of $232.09 million, a price-to-earnings ratio of 12.21 and a beta of 0.75.

Hedge Funds Weigh In On Security National Financial

Hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its stake in Security National Financial by 306.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,831 shares of the credit services provider’s stock worth $28,000 after purchasing an additional 2,135 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new position in Security National Financial during the 2nd quarter valued at approximately $30,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Security National Financial during the 3rd quarter valued at approximately $32,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Security National Financial in the second quarter worth $79,000. Finally, MetLife Investment Management LLC acquired a new stake in shares of Security National Financial during the fourth quarter worth $85,000. Institutional investors and hedge funds own 45.58% of the company’s stock.

About Security National Financial

Security National Financial Corp. is a diversified provider of mortgage lending, settlement and technology services under the NASDAQ ticker SNFCA. Through its primary subsidiaries—Security National Mortgage Company and Titan Lenders Corp—the company originates and funds residential mortgage loans across retail, wholesale and correspondent channels. Its platform supports a full range of loan products, including conventional, government-insured and jumbo financing tailored to homebuyers and investors.

Established in 1989, Security National Mortgage Company operates a nationwide branch network in all 50 states, offering local origination backed by centralized underwriting and closing services.