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

StockNews.com cut shares of Security National Financial (NASDAQ:SNFCA) from a strong-buy rating to a buy rating in a report released on Monday morning.

Security National Financial Price Performance

Security National Financial stock opened at $12.33 on Monday. The stock has a market cap of $299.25 million, a PE ratio of 10.04 and a beta of 1.10. Security National Financial has a 1-year low of $6.19 and a 1-year high of $13.59. The stock’s fifty day moving average is $12.18 and its two-hundred day moving average is $9.95.

Hedge Funds Weigh In On Security National Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in Security National Financial by 1,673.8% during the third quarter. JPMorgan Chase & Co. now owns 6,368 shares of the credit services provider’s stock worth $59,000 after purchasing an additional 6,009 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Security National Financial in the second quarter valued at about $103,000. Marshall Wace LLP purchased a new position in shares of Security National Financial during the 2nd quarter valued at approximately $106,000. Hsbc Holdings PLC bought a new position in Security National Financial during the 2nd quarter valued at $198,000. Finally, Ritholtz Wealth Management raised its stake in Security National Financial by 77.0% during the third quarter. Ritholtz Wealth Management now owns 25,647 shares of the credit services provider’s stock valued at $236,000 after buying an additional 11,160 shares in the last quarter. 45.58% of the stock is owned by institutional investors and hedge funds.

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.