Security National Financial (NASDAQ:SNFCA) Stock Crosses Below 200-Day Moving Average - Here's Why

Security National Financial Corporation (NASDAQ:SNFCA - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.14 and traded as low as $9.95. Security National Financial shares last traded at $10.03, with a volume of 62,277 shares traded.

Wall Street Analysts Forecast Growth

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

Security National Financial Stock Performance

The business has a 50 day moving average price of $10.00 and a two-hundred day moving average price of $11.14. The stock has a market cap of $245.91 million, a PE ratio of 10.27 and a beta of 0.81.

Security National Financial (NASDAQ:SNFCA - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The credit services provider reported $0.18 EPS for the quarter. Security National Financial had a net margin of 6.96% and a return on equity of 6.90%. The business had revenue of $82.74 million for the quarter.

Security National Financial Announces Dividend

The company also recently disclosed a -- dividend, which will be paid on Friday, July 18th. Shareholders of record on Friday, July 11th will be issued a dividend of $5.00 per share. The ex-dividend date of this dividend is Friday, July 11th.

Institutional Investors Weigh In On Security National Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Security National Financial by 7.0% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 15,213 shares of the credit services provider's stock worth $183,000 after acquiring an additional 1,000 shares during the period. Barclays PLC lifted its holdings in Security National Financial by 3.3% during the 4th quarter. Barclays PLC now owns 43,881 shares of the credit services provider's stock worth $528,000 after purchasing an additional 1,395 shares in the last quarter. Jefferies Financial Group Inc. boosted its stake in Security National Financial by 15.4% in the 4th quarter. Jefferies Financial Group Inc. now owns 13,614 shares of the credit services provider's stock worth $164,000 after purchasing an additional 1,814 shares during the period. Northern Trust Corp grew its holdings in Security National Financial by 6.4% during the 4th 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. Finally, Tower Research Capital LLC TRC increased its position in shares of Security National Financial by 795.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,885 shares of the credit services provider's stock valued at $47,000 after buying an additional 3,451 shares during the period. 45.58% of the stock is currently owned by institutional investors.

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.