Security National Financial (NASDAQ:SNFCA) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Security National Financial Corporation (NASDAQ:SNFCA) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.10 and traded as low as $8.56. Security National Financial shares last traded at $8.71, with a volume of 95,072 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Security National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. One 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 Up 0.7%

The company has a market capitalization of $238.48 million, a PE ratio of 6.28 and a beta of 0.68. The firm has a fifty day moving average of $9.16 and a two-hundred day moving average of $9.10.

Security National Financial (NASDAQ:SNFCA) last announced its quarterly earnings results on Monday, August 10th. The credit services provider reported $0.33 EPS for the quarter. The business had revenue of $83.93 million for the quarter. Security National Financial had a return on equity of 9.13% and a net margin of 11.10%.

Institutional Investors Weigh In On Security National Financial

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Security National Financial by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 793,553 shares of the credit services provider’s stock valued at $7,523,000 after acquiring an additional 25,607 shares during the period. Squarepoint Ops LLC bought a new position in shares of Security National Financial during the second quarter valued at about $149,000. Empowered Funds LLC boosted its holdings in shares of Security National Financial by 10.2% during the first quarter. Empowered Funds LLC now owns 90,859 shares of the credit services provider’s stock worth $861,000 after purchasing an additional 8,389 shares during the period. Bank of America Corp DE grew its stake in shares of Security National Financial by 12.3% in the first quarter. Bank of America Corp DE now owns 20,493 shares of the credit services provider’s stock worth $194,000 after purchasing an additional 2,238 shares during the last quarter. Finally, Lunt Capital Management Inc. grew its stake in shares of Security National Financial by 10.4% in the second quarter. Lunt Capital Management Inc. now owns 19,841 shares of the credit services provider’s stock worth $192,000 after purchasing an additional 1,869 shares during the last quarter. Hedge funds and other institutional investors own 45.58% of the company’s stock.

Security National Financial Company Profile

Security National Financial Corporation (NASDAQ: SNFCA) is a diversified financial services company headquartered in Salt Lake City, Utah. Through its subsidiaries, the company operates in the life insurance, cemetery and mortuary, and residential mortgage businesses.

Its insurance operations, conducted primarily through Security National Life Insurance Company, offer life insurance products, including ordinary life and annuity products, as well as pre-need funeral insurance designed to fund funeral and burial expenses.