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

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) crossed 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.

Security National Financial Trading Down 2.7%

The company has a 50 day moving average price of $9.20 and a 200 day moving average price of $10.36. The company has a market capitalization of $227.74 million, a P/E ratio of 9.95 and a beta of 0.84.

Security National Financial (NASDAQ:SNFCA - Get Free Report) last issued its 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 during the quarter.

Institutional Investors Weigh In On Security National Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in SNFCA. M3F Inc. grew its position in Security National Financial by 5.2% during the 2nd quarter. M3F Inc. now owns 2,122,425 shares of the credit services provider's stock worth $20,906,000 after acquiring an additional 105,660 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Security National Financial by 6.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 673,379 shares of the credit services provider's stock worth $8,101,000 after acquiring an additional 38,522 shares during the last quarter. Ameriprise Financial Inc. grew its position in Security National Financial by 0.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 467,818 shares of the credit services provider's stock worth $4,608,000 after acquiring an additional 1,746 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in shares of Security National Financial by 1.6% during the second quarter. Bridgeway Capital Management LLC now owns 336,704 shares of the credit services provider's stock worth $3,317,000 after purchasing an additional 5,204 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Security National Financial by 134.4% during the second quarter. Geode Capital Management LLC now owns 308,665 shares of the credit services provider's stock worth $3,041,000 after purchasing an additional 176,996 shares during the period. 45.58% of the stock is currently 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.