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 Monday morning.

Security National Financial Trading Up 1.5 %

NASDAQ:SNFCA opened at $7.97 on Monday. The company’s 50-day moving average price is $7.85 and its 200-day moving average price is $7.74. The company has a market cap of $192.71 million, a P/E ratio of 9.10 and a beta of 1.02. Security National Financial has a twelve month low of $6.19 and a twelve month high of $9.29.

Security National Financial (NASDAQ:SNFCA) last posted its quarterly earnings results on Tuesday, May 14th. The credit services provider reported $0.33 earnings per share for the quarter. The firm 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 Investors Weigh In On Security National Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the company. AJOVista LLC purchased a new position in Security National Financial during the fourth quarter worth about $50,000. BNP Paribas Financial Markets raised its stake in Security National Financial by 171.7% during the first quarter. BNP Paribas Financial Markets now owns 10,695 shares of the credit services provider’s stock worth $85,000 after purchasing an additional 6,759 shares during the period. Panagora Asset Management Inc. purchased a new position in Security National Financial during the fourth quarter worth about $92,000. Hillsdale Investment Management Inc. purchased a new position in Security National Financial during the fourth quarter worth about $138,000. Finally, Verdad Advisers LP purchased a new stake in shares of Security National Financial in the 4th quarter valued at approximately $242,000. 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.