Security National Financial (NASDAQ:SNFCA) Share Price Passes Below 200-Day Moving Average of $8.00

Security National Financial Co. (NASDAQ:SNFCA)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.00 and traded as low as $6.58. Security National Financial shares last traded at $6.62, with a volume of 44,811 shares changing hands.

Analysts Set New Price Targets

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

Security National Financial Stock Down 0.2 %

The business’s 50-day simple moving average is $7.79 and its two-hundred day simple moving average is $7.99. The firm has a market cap of $152.39 million, a price-to-earnings ratio of 10.25 and a beta of 0.91.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Citigroup Inc. raised its holdings in Security National Financial by 177,100.0% in the 2nd quarter. Citigroup Inc. now owns 3,544 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 3,542 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Security National Financial in the 3rd quarter valued at about $34,000. California State Teachers Retirement System acquired a new stake in Security National Financial in the 2nd quarter valued at about $35,000. BNP Paribas Arbitrage SNC raised its holdings in Security National Financial by 2,961.2% in the 2nd quarter. BNP Paribas Arbitrage SNC now owns 4,255 shares of the credit services provider’s stock valued at $38,000 after acquiring an additional 4,116 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Security National Financial by 338.5% in the 2nd quarter. Wells Fargo & Company MN now owns 4,727 shares of the credit services provider’s stock valued at $42,000 after acquiring an additional 3,649 shares during the last quarter. Institutional investors and hedge funds own 45.58% of the company’s stock.

Security National Financial Company Profile

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.