StockNews.com Downgrades Security National Financial (NASDAQ:SNFCA) to Buy

Security National Financial (NASDAQ:SNFCA – Get Rating) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Wednesday.

Security National Financial Price Performance

Security National Financial stock opened at $7.85 on Wednesday. The firm has a market cap of $170.82 million, a price-to-earnings ratio of 7.27 and a beta of 0.73. Security National Financial has a fifty-two week low of $5.77 and a fifty-two week high of $9.00. The firm has a fifty day moving average price of $7.00 and a two-hundred day moving average price of $6.93.

Security National Financial (NASDAQ:SNFCA – Get Rating) last announced its quarterly earnings data on Monday, April 3rd. The credit services provider reported $0.97 EPS for the quarter. The business had revenue of $108.18 million during the quarter. Security National Financial had a net margin of 6.46% and a return on equity of 8.32%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in Security National Financial by 2.2% in the first quarter. BlackRock Inc. now owns 118,016 shares of the credit services provider’s stock valued at $1,180,000 after acquiring an additional 2,555 shares during the period. Dimensional Fund Advisors LP increased its stake in Security National Financial by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 319,425 shares of the credit services provider’s stock valued at $3,195,000 after acquiring an additional 3,601 shares during the period. State Street Corp increased its stake in Security National Financial by 11.1% in the first quarter. State Street Corp now owns 43,145 shares of the credit services provider’s stock valued at $431,000 after acquiring an additional 4,294 shares during the period. Soltis Investment Advisors LLC increased its stake in Security National Financial by 4.7% in the third quarter. Soltis Investment Advisors LLC now owns 3,046,327 shares of the credit services provider’s stock valued at $19,344,000 after acquiring an additional 137,197 shares during the period. Finally, Citadel Advisors LLC bought a new stake in Security National Financial in the third quarter valued at about $100,000. Institutional investors and hedge funds own 33.08% of the company’s stock.

About Security National Financial

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Security National Financial Corp. is a holding company for Security National Life Insurance Co It operates through the following segments: Life Insurance, Cemetery and Mortuary, and Mortgage. The Life Insurance segment is involved in the business of selling and servicing selected lines of life insurance, annuity products, and accident and health insurance.