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 report published on Saturday morning.

Security National Financial Stock Performance

SNFCA stock opened at $13.14 on Friday. Security National Financial has a 52 week low of $6.19 and a 52 week high of $13.59. The company has a market capitalization of $318.97 million, a PE ratio of 10.70 and a beta of 1.10. The company’s 50-day simple moving average is $12.43 and its 200 day simple moving average is $10.47.

Hedge Funds Weigh In On Security National Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its position in Security National Financial by 0.8% during the third quarter. Geode Capital Management LLC now owns 132,414 shares of the credit services provider’s stock valued at $1,218,000 after purchasing an additional 1,080 shares in the last quarter. Barclays PLC lifted its position in shares of Security National Financial by 28.4% during the 3rd quarter. Barclays PLC now owns 42,486 shares of the credit services provider’s stock worth $391,000 after buying an additional 9,404 shares during the last quarter. Ritholtz Wealth Management boosted its stake in Security National Financial by 58.8% in the fourth quarter. Ritholtz Wealth Management now owns 40,734 shares of the credit services provider’s stock valued at $490,000 after buying an additional 15,087 shares in the last quarter. State Street Corp grew its position in Security National Financial by 5.0% in the third quarter. State Street Corp now owns 51,163 shares of the credit services provider’s stock valued at $471,000 after acquiring an additional 2,434 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Security National Financial by 28.5% in the third quarter. Jane Street Group LLC now owns 40,931 shares of the credit services provider’s stock worth $377,000 after acquiring an additional 9,076 shares during the last quarter. 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.