JPMorgan Chase & Co. Boosts Stock Position in Security National Financial Co. (NASDAQ:SNFCA)

JPMorgan Chase & Co. lifted its holdings in Security National Financial Co. (NASDAQ:SNFCA) by 1,673.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,368 shares of the credit services provider’s stock after purchasing an additional 6,009 shares during the quarter. JPMorgan Chase & Co.’s holdings in Security National Financial were worth $59,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SNFCA. Geode Capital Management LLC boosted its stake in Security National Financial by 0.8% during the third quarter. Geode Capital Management LLC now owns 132,414 shares of the credit services provider’s stock worth $1,218,000 after buying an additional 1,080 shares during the period. Barclays PLC boosted its stake in Security National Financial by 28.4% during the third quarter. Barclays PLC now owns 42,486 shares of the credit services provider’s stock worth $391,000 after buying an additional 9,404 shares during the period. State Street Corp boosted its stake in Security National Financial by 5.0% during the third quarter. State Street Corp now owns 51,163 shares of the credit services provider’s stock worth $471,000 after buying an additional 2,434 shares during the period. Jane Street Group LLC boosted its stake in Security National Financial by 28.5% during the third quarter. Jane Street Group LLC now owns 40,931 shares of the credit services provider’s stock worth $377,000 after buying an additional 9,076 shares during the period. Finally, Marshall Wace LLP purchased a new position in Security National Financial during the second quarter worth $106,000. 45.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Security National Financial from a “buy” rating to a “strong-buy” rating in a research note on Friday.

Security National Financial Trading Up 0.1 %

Shares of SNFCA opened at $12.38 on Tuesday. The firm has a market capitalization of $300.46 million, a P/E ratio of 10.08 and a beta of 1.10. Security National Financial Co. has a 12-month low of $6.19 and a 12-month high of $13.59. The firm has a fifty day moving average price of $12.44 and a 200-day moving average price of $10.29.

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.