Security National Financial (NASDAQ:SNFCA) Posts Quarterly Earnings Results

Security National Financial (NASDAQ:SNFCA) posted its earnings results on Monday. The credit services provider reported $0.23 EPS for the quarter, FiscalAI reports. Security National Financial had a return on equity of 9.13% and a net margin of 11.10%. The company had revenue of $79.94 million for the quarter.

Security National Financial Stock Performance

Shares of NASDAQ SNFCA traded down $0.04 during midday trading on Monday, reaching $9.44. The stock had a trading volume of 9,964 shares, compared to its average volume of 33,478. The firm has a market cap of $258.33 million, a price-to-earnings ratio of 6.80 and a beta of 0.62. Security National Financial has a twelve month low of $7.33 and a twelve month high of $10.23. The company’s 50 day moving average price is $8.97 and its 200 day moving average price is $9.01.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Security National Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Hedge Funds Weigh In On Security National Financial

Large investors have recently made changes to their positions in the stock. Drive Wealth Management LLC purchased a new stake in shares of Security National Financial in the 3rd quarter valued at $87,000. Russell Investments Group Ltd. increased its holdings in Security National Financial by 25.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 13,101 shares of the credit services provider’s stock worth $114,000 after acquiring an additional 2,639 shares in the last quarter. Ritholtz Wealth Management boosted its position in shares of Security National Financial by 60.0% during the third quarter. Ritholtz Wealth Management now owns 23,519 shares of the credit services provider’s stock worth $205,000 after acquiring an additional 8,820 shares during the last quarter. Evergreen Capital Management LLC raised its position in shares of Security National Financial by 5.0% during the 3rd quarter. Evergreen Capital Management LLC now owns 41,256 shares of the credit services provider’s stock valued at $359,000 after buying an additional 1,965 shares in the last quarter. Finally, Physician Wealth Advisors Inc. grew its holdings in shares of Security National Financial by 5.0% in the third quarter. Physician Wealth Advisors Inc. now owns 54,995 shares of the credit services provider’s stock worth $478,000 after purchasing an additional 2,619 shares during the last quarter. 45.58% of the stock is owned by institutional investors.

About Security National Financial

Security National Financial Corporation (NASDAQ: SNFCA) is a Utah-based financial services holding company that operates through subsidiaries focused on life insurance, mortgage lending, and funeral-related services.

Its insurance operations, conducted primarily through Security National Life Insurance Company, offer life insurance products, including traditional and final-expense coverage, as well as annuities and pre-need funeral insurance. These products are designed to help individuals provide financial protection for beneficiaries and plan for future funeral and burial expenses.

The company also operates a mortgage lending business that originates residential mortgage loans.