Security National Financial (NASDAQ:SNFCA) Shares Pass Below 200-Day Moving Average of $7.90

Security National Financial Co. (NASDAQ:SNFCA)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.90 and traded as low as $6.51. Security National Financial shares last traded at $6.57, with a volume of 21,520 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Security National Financial from a “buy” rating to a “hold” rating in a report on Monday, April 1st.

Security National Financial Price Performance

The stock has a market cap of $151.70 million, a price-to-earnings ratio of 10.14 and a beta of 0.95. The firm’s 50-day moving average is $7.50 and its 200 day moving average is $7.90.

Security National Financial (NASDAQ:SNFCA) last announced its earnings results on Monday, April 1st. The credit services provider reported $0.13 earnings per share for the quarter. Security National Financial had a net margin of 4.55% and a return on equity of 4.81%. The business had revenue of $74.91 million during the quarter.

Institutional Investors Weigh In On Security National Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Soltis Investment Advisors LLC acquired a new position in shares of Security National Financial during the 4th quarter worth $26,399,000. EP Wealth Advisors LLC acquired a new position in Security National Financial during the fourth quarter worth $521,000. Janney Montgomery Scott LLC acquired a new position in Security National Financial in the third quarter valued at about $394,000. Los Angeles Capital Management LLC acquired a new position in Security National Financial in the third quarter worth $229,000. Finally, Verdad Advisers LP acquired a new position in Security National Financial during the 4th quarter worth $242,000. 45.58% of the stock is currently owned by institutional investors.

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.