Security National Financial (NASDAQ:SNFCA) Downgraded by StockNews.com to “Buy”

Security National Financial (NASDAQ:SNFCA – Get Rating) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Wednesday.

Security National Financial Trading Up 10.1 %

SNFCA stock opened at $7.75 on Wednesday. The stock has a market cap of $168.64 million, a PE ratio of 7.18 and a beta of 0.73. Security National Financial has a 12 month low of $5.77 and a 12 month high of $9.02. The company has a 50-day moving average price of $6.94 and a 200 day moving average price of $6.92.

Security National Financial (NASDAQ:SNFCA – Get Rating) last issued its quarterly earnings results on Monday, April 3rd. The credit services provider reported $0.97 earnings per share (EPS) for the quarter. The firm had revenue of $108.18 million during the quarter. Security National Financial had a return on equity of 8.32% and a net margin of 6.46%.

Institutional Investors Weigh In On Security National Financial

Several hedge funds have recently modified their holdings of the business. M3F Inc. boosted its holdings in shares of Security National Financial by 0.4% in the 3rd quarter. M3F Inc. now owns 1,870,977 shares of the credit services provider’s stock valued at $11,881,000 after buying an additional 8,088 shares in the last quarter. Soltis Investment Advisors LLC boosted its stake in Security National Financial by 4.7% in the third quarter. Soltis Investment Advisors LLC now owns 3,046,327 shares of the credit services provider’s stock valued at $19,344,000 after acquiring an additional 137,197 shares in the last quarter. Carlson Capital L P grew its holdings in Security National Financial by 25.2% in the third quarter. Carlson Capital L P now owns 223,319 shares of the credit services provider’s stock worth $1,418,000 after purchasing an additional 45,000 shares during the last quarter. BlackRock Inc. increased its position in shares of Security National Financial by 2.2% during the first quarter. BlackRock Inc. now owns 118,016 shares of the credit services provider’s stock worth $1,180,000 after purchasing an additional 2,555 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Security National Financial by 11.1% during the 1st quarter. State Street Corp now owns 43,145 shares of the credit services provider’s stock valued at $431,000 after purchasing an additional 4,294 shares during the last quarter. Hedge funds and other institutional investors own 33.08% of the company’s stock.

Security National Financial Company Profile

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Security National Financial Corp. is a holding company for Security National Life Insurance Co It operates through the following segments: Life Insurance, Cemetery and Mortuary, and Mortgage. The Life Insurance segment is involved in the business of selling and servicing selected lines of life insurance, annuity products, and accident and health insurance.