Security National Financial Co. (NASDAQ:SNFCA) Short Interest Down 21.1% in December

Security National Financial Co. (NASDAQ:SNFCA) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 29,100 shares, a decrease of 21.1% from the December 15th total of 36,900 shares. Based on an average daily trading volume, of 43,200 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Security National Financial from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 21st.

Institutional Investors Weigh In On Security National Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SNFCA. JPMorgan Chase & Co. boosted its position in shares of Security National Financial by 1,673.8% during the third quarter. JPMorgan Chase & Co. now owns 6,368 shares of the credit services provider’s stock valued at $59,000 after buying an additional 6,009 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Security National Financial in the 2nd quarter valued at $103,000. Marshall Wace LLP purchased a new stake in Security National Financial in the second quarter worth $106,000. Hsbc Holdings PLC bought a new stake in shares of Security National Financial during the second quarter worth $198,000. Finally, Ritholtz Wealth Management grew its holdings in shares of Security National Financial by 77.0% in the third quarter. Ritholtz Wealth Management now owns 25,647 shares of the credit services provider’s stock worth $236,000 after purchasing an additional 11,160 shares during the last quarter. 45.58% of the stock is currently owned by hedge funds and other institutional investors.

Security National Financial Price Performance

Shares of Security National Financial stock traded up $0.27 during trading hours on Wednesday, reaching $11.58. The company’s stock had a trading volume of 38,346 shares, compared to its average volume of 25,765. Security National Financial has a one year low of $6.19 and a one year high of $13.59. The firm has a 50 day moving average price of $12.07 and a 200-day moving average price of $9.86. The stock has a market cap of $281.10 million, a P/E ratio of 9.43 and a beta of 1.10.

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.