Security National Financial (NASDAQ:SNFCA) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of Security National Financial (NASDAQ:SNFCA) from a buy rating to a hold rating in a research note published on Wednesday morning.

Security National Financial Trading Up 0.2 %

Shares of NASDAQ:SNFCA opened at $10.56 on Wednesday. The company has a market cap of $255.76 million, a PE ratio of 8.60 and a beta of 1.01. Security National Financial has a twelve month low of $6.19 and a twelve month high of $10.76. The company’s 50 day moving average is $9.46 and its 200 day moving average is $8.42.

Security National Financial (NASDAQ:SNFCA) last released its quarterly earnings data on Wednesday, August 14th. The credit services provider reported $0.30 earnings per share for the quarter. The company had revenue of $85.79 million during the quarter. Security National Financial had a net margin of 8.92% and a return on equity of 9.21%.

Institutional Trading of Security National Financial

A number of institutional investors have recently made changes to their positions in SNFCA. BNP Paribas Financial Markets lifted its stake in Security National Financial by 171.7% in the 1st 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Security National Financial during the second quarter worth approximately $103,000. Marshall Wace LLP purchased a new stake in Security National Financial in the 2nd quarter valued at $106,000. Hillsdale Investment Management Inc. increased its stake in shares of Security National Financial by 45.8% in the 1st quarter. Hillsdale Investment Management Inc. now owns 22,300 shares of the credit services provider’s stock worth $176,000 after acquiring an additional 7,000 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in shares of Security National Financial in the 2nd quarter worth $198,000. 45.58% of the stock is owned by institutional investors and hedge funds.

About Security National Financial

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.