Security National Financial (NASDAQ:SNFCA) Posts Earnings Results

Security National Financial (NASDAQ:SNFCA) issued its quarterly earnings results on Thursday. The credit services provider reported $0.31 earnings per share (EPS) for the quarter, Zacks reports. Security National Financial had a return on equity of 6.53% and a net margin of 6.66%.

Security National Financial Stock Up 1.8%

NASDAQ SNFCA traded up $0.15 on Thursday, reaching $8.30. The company had a trading volume of 6,322 shares, compared to its average volume of 49,110. Security National Financial has a 52 week low of $7.32 and a 52 week high of $12.94. The stock’s 50 day moving average is $8.39 and its 200-day moving average is $9.11. The stock has a market cap of $215.52 million, a price-to-earnings ratio of 9.34 and a beta of 0.87.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Security National Financial in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Hedge Funds Weigh In On Security National Financial

Several institutional investors have recently modified their holdings of SNFCA. Cubist Systematic Strategies LLC increased its stake in shares of Security National Financial by 48.0% in the 1st quarter. Cubist Systematic Strategies LLC now owns 10,679 shares of the credit services provider’s stock valued at $129,000 after acquiring an additional 3,462 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Security National Financial by 36.4% during the first quarter. Goldman Sachs Group Inc. now owns 93,796 shares of the credit services provider’s stock valued at $1,135,000 after purchasing an additional 25,020 shares during the period. Empowered Funds LLC increased its stake in Security National Financial by 8.1% in the first quarter. Empowered Funds LLC now owns 56,652 shares of the credit services provider’s stock valued at $685,000 after purchasing an additional 4,250 shares in the last quarter. Acadian Asset Management LLC increased its stake in Security National Financial by 303.0% in the first quarter. Acadian Asset Management LLC now owns 58,081 shares of the credit services provider’s stock valued at $701,000 after purchasing an additional 43,670 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Security National Financial by 134.4% in the second quarter. Geode Capital Management LLC now owns 308,665 shares of the credit services provider’s stock worth $3,041,000 after purchasing an additional 176,996 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.