Security National Financial (NASDAQ:SNFCA) Rating Lowered to “Hold” at StockNews.com

Security National Financial (NASDAQ:SNFCA) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Security National Financial Stock Performance

Shares of SNFCA stock opened at $11.35 on Tuesday. The firm’s 50 day moving average price is $12.61 and its two-hundred day moving average price is $11.58. The stock has a market cap of $275.52 million, a PE ratio of 9.24 and a beta of 1.04. Security National Financial has a 52-week low of $6.19 and a 52-week high of $13.59.

Hedge Funds Weigh In On Security National Financial

Several institutional investors have recently modified their holdings of SNFCA. Geode Capital Management LLC grew its position in shares of Security National Financial by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 132,414 shares of the credit services provider’s stock valued at $1,218,000 after purchasing an additional 1,080 shares during the period. Barclays PLC lifted its stake in Security National Financial by 28.4% in the third quarter. Barclays PLC now owns 42,486 shares of the credit services provider’s stock valued at $391,000 after buying an additional 9,404 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in shares of Security National Financial by 58.8% in the fourth quarter. Ritholtz Wealth Management now owns 40,734 shares of the credit services provider’s stock valued at $490,000 after buying an additional 15,087 shares during the period. State Street Corp increased its position in shares of 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 acquiring an additional 2,434 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of 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 acquiring an additional 9,076 shares during the period. 45.58% of the stock is currently 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.