Security National Financial Co. (NASDAQ:SNFCA) Shares Acquired by Millennium Management LLC

Millennium Management LLC increased its stake in shares of Security National Financial Co. (NASDAQ:SNFCA - Free Report) by 49.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 121,907 shares of the credit services provider's stock after purchasing an additional 40,138 shares during the period. Millennium Management LLC owned 0.50% of Security National Financial worth $1,467,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of SNFCA. Tower Research Capital LLC TRC grew its stake in shares of Security National Financial by 795.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,885 shares of the credit services provider's stock valued at $47,000 after buying an additional 3,451 shares during the period. Farther Finance Advisors LLC purchased a new position in Security National Financial in the 4th quarter valued at approximately $73,000. JPMorgan Chase & Co. raised its holdings in shares of Security National Financial by 1,673.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,368 shares of the credit services provider's stock valued at $59,000 after purchasing an additional 6,009 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of Security National Financial by 203.9% in the 4th quarter. Cubist Systematic Strategies LLC now owns 7,217 shares of the credit services provider's stock valued at $87,000 after purchasing an additional 4,842 shares in the last quarter. Finally, Jefferies Financial Group Inc. raised its holdings in shares of Security National Financial by 15.4% in the 4th quarter. Jefferies Financial Group Inc. now owns 13,614 shares of the credit services provider's stock valued at $164,000 after purchasing an additional 1,814 shares in the last quarter. Institutional investors and hedge funds own 45.58% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Security National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, April 1st.

Security National Financial Stock Performance

Security National Financial stock traded up $0.12 during midday trading on Friday, hitting $10.04. 55,057 shares of the company's stock were exchanged, compared to its average volume of 45,986. The stock has a market cap of $247.88 million, a price-to-earnings ratio of 8.18 and a beta of 0.82. The firm's 50 day simple moving average is $9.85 and its 200 day simple moving average is $11.61. Security National Financial Co. has a 12-month low of $6.95 and a 12-month high of $13.59.

Security National Financial (NASDAQ:SNFCA - Get Free Report) last issued its earnings results on Thursday, May 15th. The credit services provider reported $0.18 earnings per share for the quarter. The business had revenue of $82.74 million for the quarter. Security National Financial had a net margin of 8.92% and a return on equity of 9.02%.

Security National Financial Profile

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.