Security National Financial (NASDAQ:SNFCA) Shares Pass Below 200 Day Moving Average - Should You Sell?

Key Points

• Security National Financial Corporation's shares have fallen below their 200-day moving average of $9.64, closing at $8.59 on the trading day.
• The company's recent quarterly earnings report revealed an EPS of $0.25 and a revenue of $89.54 million, indicating a net margin of 6.66%.
• Institutional investors now hold 45.58% of Security National Financial's stock, with multiple major investors increasing their stakes significantly in the last quarter.

Security National Financial Corporation (NASDAQ:SNFCA - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.64 and traded as low as $8.58. Security National Financial shares last traded at $8.59, with a volume of 14,774 shares changing hands.

Security National Financial Trading Down 1.9%

The stock has a market capitalization of $223.17 million, a P/E ratio of 9.67 and a beta of 0.86. The business has a 50-day moving average price of $8.73 and a two-hundred day moving average price of $9.64.

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

Institutional Trading of Security National Financial

Several large investors have recently made changes to their positions in SNFCA. BNP Paribas Financial Markets increased 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 last quarter. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Security National Financial in the 2nd quarter valued at $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Security National Financial in the 2nd quarter valued at $79,000. New York State Common Retirement Fund acquired a new position in shares of Security National Financial during the 2nd quarter worth $104,000. Finally, Panagora Asset Management Inc. bought a new stake in shares of Security National Financial during the 2nd quarter worth $106,000. Institutional investors and hedge funds own 45.58% of the company's stock.

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.

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