Security National Financial (NASDAQ:SNFCA) Stock Price Crosses Below 200-Day Moving Average - Here's What Happened

Key Points

• Security National Financial shares fell below their 200-day moving average of $9.10, reaching $8.56 before closing at $8.71 on volume of 95,072 shares.
• Weiss Ratings downgraded the stock from “buy (b-)” to “hold (c+),” while the sole covering analyst maintains a Hold consensus rating.
• The company reported quarterly EPS of $0.33 on $83.93 million in revenue, with an 11.10% net margin; institutional investors own 45.58% of outstanding shares.

Security National Financial Corporation (NASDAQ:SNFCA - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.10 and traded as low as $8.56. Security National Financial shares last traded at $8.71, with a volume of 95,072 shares trading hands.

Wall Street Analyst Weigh In

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

Security National Financial Price Performance

The business has a 50-day moving average of $9.16 and a two-hundred day moving average of $9.10. The company has a market cap of $238.48 million, a P/E ratio of 6.28 and a beta of 0.68.

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

Institutional Investors Weigh In On Security National Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in 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 worth $7,523,000 after purchasing an additional 25,607 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Security National Financial by 10.2% during the 1st quarter. Empowered Funds LLC now owns 90,859 shares of the credit services provider's stock valued at $861,000 after purchasing an additional 8,389 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Security National Financial by 4.3% during 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 purchasing an additional 1,531 shares during the last quarter. Bank of America Corp DE boosted its position in shares of 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 purchasing an additional 2,238 shares in the last quarter. Finally, Lunt Capital Management Inc. boosted its position in shares of 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 purchasing an additional 1,869 shares in the last quarter. Hedge funds and other institutional investors 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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