Security National Financial (NASDAQ:SNFCA) Share Price Passes Below Two Hundred Day Moving Average - Here's Why

Key Points

• Security National Financial's stock (NASDAQ:SNFCA) dropped below its 200-day moving average of $10.46, trading as low as $8.38 before closing at $8.41.
• The company reported a quarterly earnings of $0.25 per share with revenues of $89.54 million, alongside a return on equity of 6.53% and a net margin of 6.66%.
• Institutional investors hold 45.58% of Security National Financial, with several large firms increasing their stakes during the last quarters.

Security National Financial Corporation (NASDAQ:SNFCA - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.46 and traded as low as $8.38. Security National Financial shares last traded at $8.41, with a volume of 37,723 shares trading hands.

Security National Financial Price Performance

The stock has a market cap of $226.03 million, a price-to-earnings ratio of 9.80 and a beta of 0.84. The business's 50-day simple moving average is $9.16 and its two-hundred day simple moving average is $10.32.

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 for the quarter. Security National Financial had a net margin of 6.66% and a return on equity of 6.53%. The firm had revenue of $89.54 million for the quarter.

Institutional Trading of Security National Financial

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in Security National Financial by 31.8% in the fourth quarter. Bank of America Corp DE now owns 17,226 shares of the credit services provider's stock valued at $207,000 after buying an additional 4,161 shares in the last quarter. Northern Trust Corp boosted its position in Security National Financial by 6.4% in the fourth quarter. Northern Trust Corp now owns 45,855 shares of the credit services provider's stock valued at $552,000 after buying an additional 2,741 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Security National Financial by 91.2% during the fourth quarter. Jane Street Group LLC now owns 78,257 shares of the credit services provider's stock worth $941,000 after purchasing an additional 37,326 shares during the period. Millennium Management LLC lifted its holdings in shares of Security National Financial by 49.1% during the fourth quarter. Millennium Management LLC now owns 121,907 shares of the credit services provider's stock worth $1,467,000 after purchasing an additional 40,138 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Security National Financial by 203.9% during the fourth quarter. Cubist Systematic Strategies LLC now owns 7,217 shares of the credit services provider's stock worth $87,000 after purchasing an additional 4,842 shares during the period. Institutional investors and hedge funds own 45.58% of the company's stock.

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.