Security National Financial (NASDAQ:SNFCA) Shares Cross Below 200-Day Moving Average - What's Next?

Key Points

• SNFCA shares fell below their 200-day moving average of $9.10, trading as low as $8.70 and last changing hands at $8.80.
• Weiss Ratings downgraded the stock from “buy (b-)” to “hold (c+),” while the broader analyst consensus remains Hold.
• Security National Financial reported quarterly EPS of $0.33 on $83.93 million in revenue, with an 11.10% net margin; institutional investors own approximately 45.58% of its shares.

Shares of Security National Financial Corporation (NASDAQ:SNFCA - Get Free Report) 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.

Analyst Ratings Changes

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

Security National Financial Stock Up 0.7%

The business has a 50-day simple moving average of $9.03 and a two-hundred day simple moving average of $9.10. The company has a market cap of $240.94 million, a price-to-earnings ratio of 6.34 and a beta of 0.68.

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

Hedge Funds Weigh In On Security National Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SNFCA. Dimensional Fund Advisors LP raised its position in shares of Security National Financial by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 793,553 shares of the credit services provider's stock valued at $7,523,000 after purchasing an additional 25,607 shares during the period. 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 during the last quarter. Bank of New York Mellon Corp grew its stake in Security National Financial by 4.3% in the 1st quarter. Bank of New York Mellon Corp now owns 37,257 shares of the credit services provider's stock valued at $353,000 after buying an additional 1,531 shares during the last quarter. Bank of America Corp DE raised its holdings in Security National Financial by 12.3% in the 1st quarter. Bank of America Corp DE now owns 20,493 shares of the credit services provider's stock worth $194,000 after acquiring an additional 2,238 shares during the period. Finally, Lunt Capital Management Inc. raised its holdings in Security National Financial by 10.4% in the 2nd quarter. Lunt Capital Management Inc. now owns 19,841 shares of the credit services provider's stock worth $192,000 after acquiring an additional 1,869 shares during the period. Institutional investors and hedge funds own 45.58% of the company's stock.

About Security National Financial

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.

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