Security National Financial (NASDAQ:SNFCA) Share Price Crosses Below 200 Day Moving Average - What's Next?

Shares of Security National Financial Co. (NASDAQ:SNFCA - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.56 and traded as low as $9.95. Security National Financial shares last traded at $9.99, with a volume of 26,226 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Security National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st.

Security National Financial Price Performance

The firm's 50-day simple moving average is $9.82 and its 200 day simple moving average is $11.56. The firm has a market capitalization of $248.37 million, a price-to-earnings ratio of 8.19 and a beta of 0.82.

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

Institutional Trading of Security National Financial

A number of hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC raised its position in Security National Financial by 303.0% during the 1st quarter. Acadian Asset Management LLC now owns 58,081 shares of the credit services provider's stock worth $701,000 after purchasing an additional 43,670 shares during the last quarter. Empowered Funds LLC grew its position in shares of 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. Goldman Sachs Group Inc. raised its position in shares of Security National Financial by 36.4% during the first quarter. Goldman Sachs Group Inc. now owns 93,796 shares of the credit services provider's stock worth $1,135,000 after acquiring an additional 25,020 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of Security National Financial by 48.0% in 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. Finally, Trexquant Investment LP acquired a new stake in Security National Financial during the 1st quarter valued at approximately $174,000. 45.58% of the stock is owned by institutional investors and hedge funds.

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.