Security National Financial (NASDAQ:SNFCA) Shares Break Below 200 Day Moving Average – What’s Next?

Security National Financial Corporation (NASDAQ:SNFCA) crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $9.10 and traded as low as $8.70. Security National Financial shares last traded at $8.80, with a volume of 27,346 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Security National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Security National Financial Price Performance

The firm has a fifty day simple moving average of $9.02 and a two-hundred day simple moving average of $9.11. The firm has a market capitalization of $238.73 million, a P/E ratio of 6.29 and a beta of 0.68.

Security National Financial (NASDAQ:SNFCA) last issued its earnings results on Monday, August 10th. The credit services provider reported $0.33 earnings per share (EPS) for the quarter. Security National Financial had a return on equity of 9.13% and a net margin of 11.10%.The firm had revenue of $83.93 million for the quarter.

Institutional Investors Weigh In On Security National Financial

Several institutional investors have recently added to or reduced their stakes in SNFCA. Lunt Capital Management Inc. raised its position in shares of Security National Financial by 10.4% in the second quarter. Lunt Capital Management Inc. now owns 19,841 shares of the credit services provider’s stock valued at $192,000 after purchasing an additional 1,869 shares during the period. Squarepoint Ops LLC bought a new position in Security National Financial in the 2nd quarter worth approximately $149,000. Empowered Funds LLC grew its stake in Security National Financial by 10.2% in the 1st quarter. Empowered Funds LLC now owns 90,859 shares of the credit services provider’s stock valued at $861,000 after buying an additional 8,389 shares in the last quarter. Bank of America Corp DE raised its holdings in Security National Financial by 12.3% during the 1st quarter. Bank of America Corp DE now owns 20,493 shares of the credit services provider’s stock valued at $194,000 after acquiring an additional 2,238 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Security National Financial by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 793,553 shares of the credit services provider’s stock worth $7,523,000 after acquiring an additional 25,607 shares in the last quarter. 45.58% of the stock is owned by hedge funds and other institutional investors.

Security National Financial Company Profile

Security National Financial Corporation (NASDAQ: SNFCA) is a diversified financial services company headquartered in Salt Lake City, Utah. Through its subsidiaries, the company operates in the life insurance, cemetery and mortuary, and residential mortgage businesses.

Its insurance operations, conducted primarily through Security National Life Insurance Company, offer life insurance products, including ordinary life and annuity products, as well as pre-need funeral insurance designed to fund funeral and burial expenses.