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

Security National Financial (NASDAQ:SNFCA) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Security National Financial Price Performance

NASDAQ SNFCA opened at $13.13 on Friday. The company’s 50 day simple moving average is $12.43 and its two-hundred day simple moving average is $10.40. Security National Financial has a 1 year low of $6.19 and a 1 year high of $13.59. The stock has a market capitalization of $318.67 million, a PE ratio of 10.69 and a beta of 1.10.

Hedge Funds Weigh In On Security National Financial

A number of institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in Security National Financial by 1,673.8% in the third quarter. JPMorgan Chase & Co. now owns 6,368 shares of the credit services provider’s stock worth $59,000 after buying an additional 6,009 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Security National Financial in the 2nd quarter worth approximately $106,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Security National Financial by 10.3% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 14,213 shares of the credit services provider’s stock valued at $131,000 after purchasing an additional 1,322 shares in the last quarter. Ritholtz Wealth Management boosted its stake in shares of Security National Financial by 77.0% in the 3rd quarter. Ritholtz Wealth Management now owns 25,647 shares of the credit services provider’s stock valued at $236,000 after purchasing an additional 11,160 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Security National Financial by 28.5% during the 3rd quarter. Jane Street Group LLC now owns 40,931 shares of the credit services provider’s stock valued at $377,000 after purchasing an additional 9,076 shares during the last quarter. Institutional investors 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.