Security National Financial Co. (NASDAQ:SNFCA) Short Interest Down 36.3% in February

Security National Financial Co. (NASDAQ:SNFCA) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 17,400 shares, a decrease of 36.3% from the February 13th total of 27,300 shares. Based on an average daily trading volume, of 35,500 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the shares of the stock are short sold.

Security National Financial Stock Performance

SNFCA traded up $0.06 during midday trading on Monday, hitting $12.24. The stock had a trading volume of 969 shares, compared to its average volume of 33,863. The company has a market cap of $297.13 million, a P/E ratio of 9.97 and a beta of 1.10. Security National Financial has a 1 year low of $6.19 and a 1 year high of $13.59. The business has a fifty day moving average of $12.53 and a 200 day moving average of $11.26.

Institutional Investors Weigh In On Security National Financial

A number of institutional investors have recently made changes to their positions in SNFCA. Tower Research Capital LLC TRC lifted its position in Security National Financial by 795.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,885 shares of the credit services provider’s stock valued at $47,000 after purchasing an additional 3,451 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Security National Financial by 1,673.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,368 shares of the credit services provider’s stock valued at $59,000 after buying an additional 6,009 shares during the last quarter. Farther Finance Advisors LLC purchased a new position in shares of Security National Financial in the fourth quarter valued at about $73,000. Cubist Systematic Strategies LLC raised its stake in shares of Security National Financial by 203.9% during the fourth quarter. Cubist Systematic Strategies LLC now owns 7,217 shares of the credit services provider’s stock valued at $87,000 after acquiring an additional 4,842 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Security National Financial by 10.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 14,213 shares of the credit services provider’s stock worth $131,000 after purchasing an additional 1,322 shares during the period. Hedge funds and other institutional investors own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Security National Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday.

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.