Security National Financial (NASDAQ:SNFCA) Share Price Breaks Below 200 Day Moving Average – Here’s Why

Security National Financial Corporation (NASDAQ:SNFCA)’s share price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $9.03 and traded as low as $8.92. Security National Financial shares last traded at $8.97, with a volume of 27,543 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Security National Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy”.

Security National Financial Trading Down 1.1%

The company has a market capitalization of $245.60 million, a P/E ratio of 6.79 and a beta of 0.62. The stock has a 50 day moving average price of $9.00 and a 200 day moving average price of $9.03.

Security National Financial (NASDAQ:SNFCA) last issued its earnings results on Monday, November 9th. The credit services provider reported $0.23 earnings per share (EPS) for the quarter. Security National Financial had a return on equity of 8.21% and a net margin of 10.91%. The business had revenue of $79.94 million during the quarter.

Institutional Investors Weigh In On Security National Financial

Hedge funds have recently added to or reduced their stakes in the business. Drive Wealth Management LLC acquired a new position in Security National Financial in the 3rd quarter valued at approximately $87,000. Russell Investments Group Ltd. grew its stake in shares of Security National Financial by 25.2% in the third quarter. Russell Investments Group Ltd. now owns 13,101 shares of the credit services provider’s stock worth $114,000 after purchasing an additional 2,639 shares during the last quarter. Ritholtz Wealth Management raised its position in Security National Financial by 60.0% during the 3rd quarter. Ritholtz Wealth Management now owns 23,519 shares of the credit services provider’s stock worth $205,000 after purchasing an additional 8,820 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in Security National Financial by 5.0% during the 3rd quarter. Evergreen Capital Management LLC now owns 41,256 shares of the credit services provider’s stock worth $359,000 after buying an additional 1,965 shares during the period. Finally, Physician Wealth Advisors Inc. lifted its holdings in Security National Financial by 5.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 54,995 shares of the credit services provider’s stock worth $478,000 after buying an additional 2,619 shares during the period. 45.58% of the stock is currently owned by institutional investors and hedge funds.

About Security National Financial

Security National Financial Corporation is a diversified financial services holding company based in Salt Lake City, Utah. Founded in 1965, it operates through life insurance, cemetery and mortuary, and mortgage banking businesses. Its insurance operations offer life insurance, annuities, and related products, including coverage designed to help families plan for funeral expenses. Through its cemetery and mortuary businesses, the company provides funeral services and cemetery property. Security National’s mortgage banking operations originate and service residential mortgage loans.