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

Security National Financial Corporation (NASDAQ:SNFCA - Get Free Report) shares passed 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 changing hands.

Analyst Upgrades and Downgrades

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

Security National Financial Price Performance

The business has a fifty day simple moving average of $10.00 and a 200 day simple moving average of $11.13. The firm has a market cap of $234.18 million, a price-to-earnings ratio of 9.78 and a beta of 0.81.

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. Security National Financial had a return on equity of 6.90% and a net margin of 6.96%. The business had revenue of $82.74 million during the quarter.

Security National Financial Dividend Announcement

The business also recently declared a -- dividend, which will be paid on Friday, July 18th. Stockholders of record on Friday, July 11th will be given a $5.00 dividend. The ex-dividend date is Friday, July 11th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Susquehanna International Group LLP lifted its stake in Security National Financial by 962.3% during the fourth quarter. Susquehanna International Group LLP now owns 237,691 shares of the credit services provider's stock worth $2,859,000 after purchasing an additional 215,315 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Security National Financial by 303.0% during the first quarter. Acadian Asset Management LLC now owns 58,081 shares of the credit services provider's stock worth $701,000 after purchasing an additional 43,670 shares in the last quarter. Millennium Management LLC lifted its stake in 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 in the last quarter. Dimensional Fund Advisors LP lifted its stake in Security National Financial by 6.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 673,379 shares of the credit services provider's stock worth $8,101,000 after purchasing an additional 38,522 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in 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 in the last quarter. 45.58% of the stock is currently owned by hedge funds and other institutional investors.

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.