Security National Financial (NASDAQ:SNFCA) Share Price Passes Below 200-Day Moving Average – Here’s Why

Security National Financial Corporation (NASDAQ:SNFCA) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.21 and traded as low as $8.26. Security National Financial shares last traded at $8.28, with a volume of 14,438 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Security National Financial in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Security National Financial has a consensus rating of “Hold”.

Security National Financial Stock Performance

The company has a market cap of $215.13 million, a price-to-earnings ratio of 9.32 and a beta of 0.86. The firm has a fifty day moving average price of $8.54 and a 200 day moving average price of $9.21.

Security National Financial (NASDAQ:SNFCA) last announced its quarterly earnings results on Thursday, August 14th. The credit services provider reported $0.25 earnings per share (EPS) for the quarter. Security National Financial had a return on equity of 6.53% and a net margin of 6.66%.The business had revenue of $89.54 million during the quarter.

Institutional Investors Weigh In On Security National Financial

Hedge funds and other institutional investors have recently modified their holdings of the company. M3F Inc. increased its position in shares of Security National Financial by 5.2% in the second quarter. M3F Inc. now owns 2,122,425 shares of the credit services provider’s stock worth $20,906,000 after purchasing an additional 105,660 shares during the period. Ameriprise Financial Inc. increased its position in shares of Security National Financial by 0.4% in the second quarter. Ameriprise Financial Inc. now owns 467,818 shares of the credit services provider’s stock worth $4,608,000 after purchasing an additional 1,746 shares during the period. Bridgeway Capital Management LLC increased its position in shares of Security National Financial by 1.6% in the second quarter. Bridgeway Capital Management LLC now owns 336,704 shares of the credit services provider’s stock worth $3,317,000 after purchasing an additional 5,204 shares during the period. Geode Capital Management LLC increased its position in shares of Security National Financial by 134.4% in the second quarter. Geode Capital Management LLC now owns 308,665 shares of the credit services provider’s stock worth $3,041,000 after purchasing an additional 176,996 shares during the period. Finally, Raymond James Financial Inc. increased its position in shares of Security National Financial by 1,404.7% in the second quarter. Raymond James Financial Inc. now owns 151,688 shares of the credit services provider’s stock worth $1,494,000 after purchasing an additional 141,607 shares during the period. 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.