Security National Financial (NASDAQ:SNFCA) Upgraded to “Strong-Buy” by StockNews.com

StockNews.com upgraded shares of Security National Financial (NASDAQ:SNFCA) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday.

Security National Financial Price Performance

Shares of NASDAQ:SNFCA opened at $7.83 on Tuesday. The business has a fifty day moving average price of $7.85 and a two-hundred day moving average price of $7.72. Security National Financial has a 1 year low of $6.19 and a 1 year high of $9.29. The company has a market capitalization of $189.34 million, a PE ratio of 8.90 and a beta of 1.02.

Security National Financial (NASDAQ:SNFCA) last announced its earnings results on Tuesday, May 14th. The credit services provider reported $0.33 earnings per share for the quarter. The business had revenue of $81.19 million for the quarter. Security National Financial had a return on equity of 6.74% and a net margin of 6.47%.

Hedge Funds Weigh In On Security National Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. AJOVista LLC purchased a new position in Security National Financial during the 4th quarter worth $50,000. BNP Paribas Financial Markets raised its position in Security National Financial by 171.7% during the 1st quarter. BNP Paribas Financial Markets now owns 10,695 shares of the credit services provider’s stock worth $85,000 after buying an additional 6,759 shares during the last quarter. Panagora Asset Management Inc. acquired a new position in shares of Security National Financial in the 4th quarter valued at about $92,000. Hillsdale Investment Management Inc. purchased a new position in shares of Security National Financial in the 4th quarter valued at about $138,000. Finally, Verdad Advisers LP purchased a new position in Security National Financial during the fourth quarter valued at $242,000. 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.