Security National Financial (NASDAQ:SNFCA) Shares Pass Below Two Hundred Day Moving Average - Here's Why

Shares of Security National Financial Co. (NASDAQ:SNFCA - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.65 and traded as low as $9.74. Security National Financial shares last traded at $9.94, with a volume of 26,227 shares.

Wall Street Analysts Forecast Growth

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

Security National Financial Price Performance

The stock has a market cap of $242.20 million, a PE ratio of 7.99 and a beta of 0.88. The business has a 50 day moving average price of $9.92 and a two-hundred day moving average price of $11.63.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SNFCA. Dimensional Fund Advisors LP grew its stake in shares of 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 valued at $8,101,000 after acquiring an additional 38,522 shares during the period. Susquehanna International Group LLP lifted its holdings in shares of Security National Financial by 962.3% in the fourth quarter. Susquehanna International Group LLP now owns 237,691 shares of the credit services provider's stock worth $2,859,000 after buying an additional 215,315 shares in the last quarter. Millennium Management LLC grew its holdings in Security National Financial by 49.1% during the 4th quarter. Millennium Management LLC now owns 121,907 shares of the credit services provider's stock valued at $1,467,000 after buying an additional 40,138 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Security National Financial by 36.4% during the 1st 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 in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of Security National Financial by 42.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 93,682 shares of the credit services provider's stock valued at $1,127,000 after acquiring an additional 28,002 shares during the last quarter. Hedge funds and other institutional investors 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.