Security National Financial (NASDAQ:SNFCA) Posts Quarterly Earnings Results

Key Points

• Security National Financial reported earnings of $0.25 per share for the quarter, with revenue reaching $89.54 million.
• Shares of SNFCA traded down to $8.47, reflecting a 12-month low of $7.32 and a high of $12.94.
• Institutional investors hold 45.58% of Security National Financial's stock, with notable increases in holdings by several hedge funds during the first and second quarters.

Security National Financial (NASDAQ:SNFCA - Get Free Report) issued its quarterly earnings data on Thursday, August 14th. The credit services provider reported $0.25 earnings per share (EPS) for the quarter, Zacks reports. Security National Financial had a net margin of 6.66% and a return on equity of 6.53%. The company had revenue of $89.54 million for the quarter.

Security National Financial Stock Performance

Security National Financial stock traded down $0.06 during midday trading on Thursday, hitting $8.35. 17,446 shares of the company's stock were exchanged, compared to its average volume of 54,456. Security National Financial has a 12-month low of $7.32 and a 12-month high of $12.94. The stock has a market cap of $216.43 million, a price-to-earnings ratio of 9.40 and a beta of 0.84. The firm's 50 day simple moving average is $9.25 and its 200 day simple moving average is $10.46.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE grew its position in Security National Financial by 86.1% during the 2nd quarter. Bank of America Corp DE now owns 11,664 shares of the credit services provider's stock worth $115,000 after purchasing an additional 5,398 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Security National Financial by 0.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 467,818 shares of the credit services provider's stock worth $4,608,000 after acquiring an additional 1,746 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of Security National Financial by 1,404.7% in the second quarter. Raymond James Financial Inc. now owns 151,688 shares of the credit services provider's stock valued at $1,494,000 after acquiring an additional 141,607 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Security National Financial in the second quarter valued at about $79,000. Finally, Marshall Wace LLP boosted its holdings in shares of Security National Financial by 33.7% in the second quarter. Marshall Wace LLP now owns 28,735 shares of the credit services provider's stock valued at $283,000 after acquiring an additional 7,243 shares in the last quarter. 45.58% of the stock is owned by hedge funds and other institutional investors.

Security National Financial Company 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.