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Security National Financial (NASDAQ:SNFCA) Stock Price Passes Below Two Hundred Day Moving Average - What's Next?

Security National Financial logo with Finance background

Key Points

  • Security National Financial shares fell below their 200-day moving average, indicating potential bearish market sentiment, with the stock trading at $9.09 after dipping as low as $8.97.
  • The company reported $0.25 earnings per share in its last earnings report, with revenue of $89.54 million and a return on equity of 6.53%.
  • Hedge funds have been increasing their stakes, with notable purchases resulting in 45.58% of the stock now owned by institutional investors.
  • MarketBeat previews the top five stocks to own by November 1st.

Shares of Security National Financial Corporation (NASDAQ:SNFCA - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.84 and traded as low as $8.97. Security National Financial shares last traded at $9.09, with a volume of 45,556 shares changing hands.

Security National Financial Trading Down 1.8%

The company has a 50-day moving average of $8.74 and a 200-day moving average of $9.76. The firm has a market capitalization of $226.29 million, a price-to-earnings ratio of 9.81 and a beta of 0.86.

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

Institutional Investors Weigh In On Security National Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its stake in Security National Financial by 306.8% in the second quarter. BNP Paribas Financial Markets now owns 2,831 shares of the credit services provider's stock valued at $28,000 after acquiring an additional 2,135 shares during the period. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Security National Financial during the 2nd quarter worth approximately $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Security National Financial in the 2nd quarter worth approximately $79,000. New York State Common Retirement Fund acquired a new position in Security National Financial during the 2nd quarter valued at approximately $104,000. Finally, Panagora Asset Management Inc. bought a new position in Security National Financial during the 2nd quarter worth $106,000. Institutional investors and hedge funds own 45.58% of the company's stock.

About Security National Financial

(Get Free Report)

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.

Further Reading

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