StockNews.com Lowers Security National Financial (NASDAQ:SNFCA) to Buy

StockNews.com lowered shares of Security National Financial (NASDAQ:SNFCA) from a strong-buy rating to a buy rating in a report issued on Monday.

Security National Financial Stock Performance

NASDAQ SNFCA opened at $7.97 on Monday. The firm has a market capitalization of $192.71 million, a price-to-earnings ratio of 9.10 and a beta of 1.02. The company’s 50 day moving average price is $7.85 and its 200 day moving average price is $7.74. Security National Financial has a one year low of $6.19 and a one year high of $9.29.

Security National Financial (NASDAQ:SNFCA) last posted its quarterly earnings data on Tuesday, May 14th. The credit services provider reported $0.33 earnings per share (EPS) for the quarter. The company had revenue of $81.19 million for the quarter. Security National Financial had a net margin of 6.47% and a return on equity of 6.74%.

Institutional Trading of Security National Financial

A number of hedge funds have recently made changes to their positions in the company. Soltis Investment Advisors LLC bought a new stake in shares of Security National Financial in the fourth quarter worth $26,399,000. Verdad Advisers LP bought a new stake in shares of Security National Financial in the fourth quarter worth $242,000. Empowered Funds LLC increased its stake in shares of 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 buying an additional 3,150 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in shares of Security National Financial in the fourth quarter worth $521,000. Finally, Panagora Asset Management Inc. bought a new stake in shares of Security National Financial in the fourth quarter worth $92,000. Hedge funds and other institutional investors own 45.58% of the company’s stock.

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.