Security National Financial (NASDAQ:SNFCA) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

Security National Financial Corporation (NASDAQ:SNFCA) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.95 and traded as low as $8.56. Security National Financial shares last traded at $8.59, with a volume of 14,277 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Security National Financial in a research note on Monday, November 24th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Security National Financial Price Performance

The stock has a market cap of $223.22 million, a price-to-earnings ratio of 9.67 and a beta of 0.87. The company’s fifty day moving average price is $8.28 and its 200-day moving average price is $8.94.

Security National Financial (NASDAQ:SNFCA) last released its earnings results on Thursday, November 13th. The credit services provider reported $0.31 earnings per share for the quarter. Security National Financial had a net margin of 6.66% and a return on equity of 6.53%. The company had revenue of $89.33 million for the quarter.

Hedge Funds Weigh In On Security National Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. M3F Inc. lifted its position in Security National Financial by 5.2% during the 3rd quarter. M3F Inc. now owns 2,233,648 shares of the credit services provider’s stock worth $19,366,000 after acquiring an additional 111,223 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Security National Financial by 8.8% during the third quarter. Vanguard Group Inc. now owns 812,691 shares of the credit services provider’s stock worth $7,046,000 after purchasing an additional 65,706 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Security National Financial by 4.6% during the third quarter. Dimensional Fund Advisors LP now owns 765,829 shares of the credit services provider’s stock worth $6,640,000 after purchasing an additional 34,000 shares during the period. Ameriprise Financial Inc. boosted its position in Security National Financial by 21.7% in the third quarter. Ameriprise Financial Inc. now owns 569,295 shares of the credit services provider’s stock valued at $4,936,000 after buying an additional 101,477 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in Security National Financial by 7.6% in the 3rd quarter. Bridgeway Capital Management LLC now owns 362,408 shares of the credit services provider’s stock worth $3,142,000 after buying an additional 25,704 shares during the period. Hedge funds and other institutional investors own 45.58% of the company’s stock.

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.