Security National Financial (NASDAQ:SNFCA) Stock Price Passes Below 200-Day Moving Average - Should You Sell?

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.

Security National Financial Corporation (NASDAQ:SNFCA - Get Free Report)'s share price 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 traded.

Security National Financial Trading Down 2.4%

The business has a 50-day moving average price of $8.74 and a 200-day moving average price of $9.82. The stock has a market cap of $230.44 million, a PE ratio of 9.99 and a beta of 0.86.

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

Hedge Funds Weigh In On Security National Financial

A number of institutional investors have recently made changes to their positions in SNFCA. BNP Paribas Financial Markets increased its stake in Security National Financial by 306.8% during the second quarter. BNP Paribas Financial Markets now owns 2,831 shares of the credit services provider's stock worth $28,000 after acquiring an additional 2,135 shares during the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new stake in Security National Financial during the 2nd quarter valued at approximately $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Security National Financial during the 2nd quarter valued at approximately $79,000. New York State Common Retirement Fund bought a new position in Security National Financial during the 2nd quarter worth approximately $104,000. Finally, Panagora Asset Management Inc. bought a new position in Security National Financial during the 2nd quarter worth approximately $106,000. 45.58% of the stock is 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.