Security National Financial (NASDAQ:SNFCA) Cut to “Buy” at StockNews.com

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

Security National Financial Stock Performance

Shares of NASDAQ SNFCA opened at $12.18 on Friday. Security National Financial has a 1 year low of $6.19 and a 1 year high of $13.59. The firm has a market cap of $295.67 million, a price-to-earnings ratio of 9.92 and a beta of 1.10. The stock’s 50-day simple moving average is $12.53 and its 200-day simple moving average is $11.26.

Hedge Funds Weigh In On Security National Financial

A number of hedge funds have recently bought and sold shares of SNFCA. Susquehanna International Group LLP grew its stake in Security National Financial by 962.3% in the fourth quarter. Susquehanna International Group LLP now owns 237,691 shares of the credit services provider’s stock worth $2,859,000 after purchasing an additional 215,315 shares in the last quarter. Millennium Management LLC boosted its stake in Security National Financial by 49.1% in the fourth 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. Dimensional Fund Advisors LP boosted its stake in Security National Financial by 6.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 673,379 shares of the credit services provider’s stock valued at $8,101,000 after acquiring an additional 38,522 shares during the period. Jane Street Group LLC boosted its stake in Security National Financial by 91.2% in the fourth quarter. Jane Street Group LLC now owns 78,257 shares of the credit services provider’s stock valued at $941,000 after acquiring an additional 37,326 shares during the period. Finally, 683 Capital Management LLC acquired a new position in Security National Financial in the fourth quarter valued at approximately $354,000. 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.