Security National Financial Corporation (NASDAQ:SNFCA) is LHM Inc.'s 6th Largest Position

Key Points

• LHM Inc. reduced its ownership in Security National Financial Corporation (NASDAQ: SNFCA) by 9.6%, selling 82,490 shares and holding 781,169 shares afterward, making it the 6th largest holding in their portfolio.
• In the last quarter, several institutional investors, including Point72 Asia and Barclays PLC, increased their stakes in Security National Financial, collectively owning 45.58% of the company's stock.
• Security National Financial reported a net margin of 6.96% and earnings per share of $0.18 for the latest quarter, with revenues totaling $82.74 million.

LHM Inc. decreased its position in shares of Security National Financial Corporation (NASDAQ:SNFCA - Free Report) by 9.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 781,169 shares of the credit services provider's stock after selling 82,490 shares during the period. Security National Financial makes up approximately 3.1% of LHM Inc.'s investment portfolio, making the stock its 6th biggest position. LHM Inc. owned 3.16% of Security National Financial worth $9,452,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its holdings in shares of Security National Financial by 795.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,885 shares of the credit services provider's stock worth $47,000 after acquiring an additional 3,451 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of Security National Financial by 203.9% during the 4th quarter. Cubist Systematic Strategies LLC now owns 7,217 shares of the credit services provider's stock worth $87,000 after acquiring an additional 4,842 shares in the last quarter. Jefferies Financial Group Inc. raised its holdings in shares of Security National Financial by 15.4% during the 4th quarter. Jefferies Financial Group Inc. now owns 13,614 shares of the credit services provider's stock worth $164,000 after acquiring an additional 1,814 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Security National Financial by 7.0% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 15,213 shares of the credit services provider's stock valued at $183,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Security National Financial by 31.8% during the 4th quarter. Bank of America Corp DE now owns 17,226 shares of the credit services provider's stock valued at $207,000 after purchasing an additional 4,161 shares during the last quarter. Hedge funds and other institutional investors own 45.58% of the company's stock.

Security National Financial Trading Down 1.8%

Shares of NASDAQ SNFCA traded down $0.17 during trading hours on Thursday, hitting $9.13. 29,865 shares of the company traded hands, compared to its average volume of 37,855. The stock has a market capitalization of $236.65 million, a price-to-earnings ratio of 9.88 and a beta of 0.84. The company's 50 day moving average price is $9.37 and its 200 day moving average price is $10.57. Security National Financial Corporation has a 12 month low of $7.32 and a 12 month high of $12.94.

Security National Financial (NASDAQ:SNFCA - Get Free Report) last released its earnings results on Thursday, August 14th. The credit services provider reported $0.25 earnings per share for the quarter. Security National Financial had a return on equity of 6.90% and a net margin of 6.96%.

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.