LHM Inc. Decreases Stake in Security National Financial Co. (NASDAQ:SNFCA)

LHM Inc. reduced its stake in Security National Financial Co. (NASDAQ:SNFCA) by 76.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 190,910 shares of the credit services provider’s stock after selling 631,623 shares during the period. Security National Financial comprises about 0.6% of LHM Inc.’s holdings, making the stock its 14th biggest position. LHM Inc.’s holdings in Security National Financial were worth $1,525,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Physician Wealth Advisors Inc. raised its position in Security National Financial by 5.0% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 32,296 shares of the credit services provider’s stock worth $251,000 after buying an additional 1,538 shares during the last quarter. Empowered Funds LLC raised its position in Security National Financial by 8.1% during the 1st quarter. Empowered Funds LLC now owns 41,919 shares of the credit services provider’s stock worth $332,000 after buying an additional 3,150 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Security National Financial by 9.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 64,798 shares of the credit services provider’s stock valued at $513,000 after purchasing an additional 5,492 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of 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 valued at $85,000 after purchasing an additional 6,759 shares in the last quarter. Finally, Hillsdale Investment Management Inc. increased its holdings in shares of Security National Financial by 45.8% during the 1st quarter. Hillsdale Investment Management Inc. now owns 22,300 shares of the credit services provider’s stock valued at $176,000 after purchasing an additional 7,000 shares in the last quarter. 45.58% of the stock is owned by hedge funds and other institutional investors.

Security National Financial Stock Performance

Security National Financial stock opened at $8.70 on Friday. The company’s fifty day moving average price is $8.27 and its 200 day moving average price is $7.80. Security National Financial Co. has a 1 year low of $6.19 and a 1 year high of $9.29. The stock has a market capitalization of $210.71 million, a P/E ratio of 9.93 and a beta of 1.02.

Security National Financial (NASDAQ:SNFCA) last announced its earnings results on Wednesday, August 14th. The credit services provider reported $0.30 earnings per share (EPS) for the quarter. Security National Financial had a net margin of 6.72% and a return on equity of 6.89%. The company had revenue of $85.79 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Security National Financial from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 13th.

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.