Carlson Capital L P Sells 40,000 Shares of Security National Financial Co. (NASDAQ:SNFCA)

Carlson Capital L P reduced its position in shares of Security National Financial Co. (NASDAQ:SNFCA) by 12.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 270,000 shares of the credit services provider’s stock after selling 40,000 shares during the quarter. Carlson Capital L P owned about 1.18% of Security National Financial worth $2,395,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in SNFCA. BlackRock Inc. boosted its position in shares of Security National Financial by 1.8% in the 1st quarter. BlackRock Inc. now owns 114,730 shares of the credit services provider’s stock worth $715,000 after purchasing an additional 2,013 shares during the last quarter. State Street Corp boosted its holdings in Security National Financial by 5.0% during the second quarter. State Street Corp now owns 45,300 shares of the credit services provider’s stock worth $383,000 after buying an additional 2,155 shares during the last quarter. Barclays PLC grew its position in shares of Security National Financial by 8.7% during the 2nd quarter. Barclays PLC now owns 29,818 shares of the credit services provider’s stock worth $264,000 after buying an additional 2,393 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Security National Financial by 1.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 343,520 shares of the credit services provider’s stock valued at $2,182,000 after acquiring an additional 3,431 shares during the last quarter. Finally, Citigroup Inc. raised its position in shares of Security National Financial by 177,100.0% in the 2nd quarter. Citigroup Inc. now owns 3,544 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 3,542 shares during the period. 34.86% of the stock is currently owned by institutional investors and hedge funds.

Security National Financial Stock Up 2.4 %

Shares of SNFCA traded up $0.19 during trading hours on Friday, reaching $8.08. The stock had a trading volume of 26,752 shares, compared to its average volume of 26,206. The firm has a 50-day moving average of $7.65 and a 200 day moving average of $8.02. The company has a market cap of $185.19 million, a P/E ratio of 5.61 and a beta of 0.85. Security National Financial Co. has a 52 week low of $5.62 and a 52 week high of $8.86.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Security National Financial from a “buy” rating to a “strong-buy” rating in a research note on Wednesday.

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 policies.