Security National Financial (NASDAQ:SNFCA) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Security National Financial Corporation (NASDAQ:SNFCA)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $9.58 and traded as high as $9.68. Security National Financial shares last traded at $9.44, with a volume of 23,713 shares changing hands.

Analyst Upgrades and Downgrades

SNFCA has been the subject of several analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Security National Financial in a report on Monday, April 27th. Wall Street Zen cut Security National Financial from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Security National Financial Trading Down 1.3%

The stock’s 50 day moving average price is $9.58 and its 200 day moving average price is $9.23. The company has a market cap of $245.82 million, a price-to-earnings ratio of 6.94 and a beta of 0.70.

Security National Financial (NASDAQ:SNFCA) last released its earnings results on Monday, May 11th. The credit services provider reported $0.27 earnings per share (EPS) for the quarter. Security National Financial had a net margin of 10.19% and a return on equity of 8.95%. The business had revenue of $79.73 million for the quarter.

Insider Buying and Selling at Security National Financial

In other Security National Financial news, Director Gilbert A. Fuller sold 10,000 shares of Security National Financial stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $9.45, for a total value of $94,500.00. Following the transaction, the director owned 31,973 shares in the company, valued at $302,144.85. This trade represents a 23.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 15.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SNFCA. BNP Paribas Financial Markets boosted its holdings in Security National Financial by 306.8% in the second quarter. BNP Paribas Financial Markets now owns 2,831 shares of the credit services provider’s stock valued at $28,000 after acquiring an additional 2,135 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Security National Financial during the third quarter worth about $32,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Security National Financial during the second quarter worth about $79,000. MetLife Investment Management LLC purchased a new position in shares of Security National Financial in the 4th quarter worth about $85,000. Finally, New York State Common Retirement Fund purchased a new position in shares of Security National Financial in the 2nd quarter worth about $104,000. 45.58% of the stock is owned by hedge funds and other institutional investors.

About Security National Financial

Security National Financial Corp. is a diversified provider of mortgage lending, settlement and technology services under the NASDAQ ticker SNFCA. Through its primary subsidiaries—Security National Mortgage Company and Titan Lenders Corp—the company originates and funds residential mortgage loans across retail, wholesale and correspondent channels. Its platform supports a full range of loan products, including conventional, government-insured and jumbo financing tailored to homebuyers and investors.

Established in 1989, Security National Mortgage Company operates a nationwide branch network in all 50 states, offering local origination backed by centralized underwriting and closing services.