Schonfeld Strategic Advisors LLC Takes $342,000 Position in Security National Financial Co. (NASDAQ:SNFCA)

Schonfeld Strategic Advisors LLC bought a new position in shares of Security National Financial Co. (NASDAQ:SNFCA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 28,453 shares of the credit services provider's stock, valued at approximately $342,000. Schonfeld Strategic Advisors LLC owned approximately 0.12% of Security National Financial as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of SNFCA. Tower Research Capital LLC TRC boosted 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 buying an additional 3,451 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Security National Financial by 1,673.8% in the third quarter. JPMorgan Chase & Co. now owns 6,368 shares of the credit services provider's stock worth $59,000 after buying an additional 6,009 shares in the last quarter. Farther Finance Advisors LLC bought a new position in Security National Financial during the fourth quarter valued at approximately $73,000. Hillsdale Investment Management Inc. purchased a new stake in Security National Financial in the fourth quarter worth $236,000. Finally, Barclays PLC lifted its position in Security National Financial by 28.4% during the third quarter. Barclays PLC now owns 42,486 shares of the credit services provider's stock valued at $391,000 after buying an additional 9,404 shares during the period. Institutional investors and hedge funds own 45.58% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Security National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st.

Security National Financial Price Performance

Shares of SNFCA traded down $0.36 during midday trading on Friday, reaching $10.20. 33,715 shares of the stock were exchanged, compared to its average volume of 48,097. Security National Financial Co. has a twelve month low of $6.95 and a twelve month high of $13.59. The business's 50-day moving average price is $10.59 and its 200 day moving average price is $11.68. The company has a market capitalization of $251.83 million, a price-to-earnings ratio of 8.31 and a beta of 0.88.

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

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.