Security National Financial (NASDAQ:SNFCA) Announces 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) announced its quarterly earnings data on Thursday. 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 6.58%. The firm had revenue of $89.54 million for the quarter.

Security National Financial Price Performance

Shares of NASDAQ SNFCA traded down $0.66 during midday trading on Friday, reaching $8.47. 124,732 shares of the stock were exchanged, compared to its average volume of 37,468. The business has a 50-day simple moving average of $9.34 and a two-hundred day simple moving average of $10.54. The company has a market capitalization of $219.58 million, a price-to-earnings ratio of 9.54 and a beta of 0.84. Security National Financial has a 12 month low of $7.32 and a 12 month high of $12.94.

Institutional Investors Weigh In On Security National Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in SNFCA. Cubist Systematic Strategies LLC raised its holdings in shares of Security National Financial by 48.0% during the first quarter. Cubist Systematic Strategies LLC now owns 10,679 shares of the credit services provider's stock worth $129,000 after acquiring an additional 3,462 shares during the period. Goldman Sachs Group Inc. increased its stake in Security National Financial by 36.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 93,796 shares of the credit services provider's stock valued at $1,135,000 after buying an additional 25,020 shares during the last quarter. Empowered Funds LLC increased its stake in Security National Financial by 8.1% in the 1st quarter. Empowered Funds LLC now owns 56,652 shares of the credit services provider's stock valued at $685,000 after buying an additional 4,250 shares during the last quarter. Acadian Asset Management LLC increased its stake in Security National Financial by 303.0% in the 1st quarter. Acadian Asset Management LLC now owns 58,081 shares of the credit services provider's stock valued at $701,000 after buying an additional 43,670 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Security National Financial by 134.4% in the 2nd quarter. Geode Capital Management LLC now owns 308,665 shares of the credit services provider's stock valued at $3,041,000 after buying an additional 176,996 shares during the last quarter. 45.58% of the stock is currently owned by institutional investors and hedge funds.

About Security National Financial

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.

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