Security National Financial (NASDAQ:SNFCA) Stock Price Passes 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.

Analyst Upgrades and Downgrades

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

Security National Financial Stock Performance

The company has a market capitalization of $231.59 million, a P/E ratio of 9.67 and a beta of 0.81. The business has a 50 day moving average of $9.97 and a 200-day moving average of $11.11.

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

Security National Financial Dividend Announcement

The firm also recently announced a -- dividend, which will be paid on Friday, July 18th. Investors of record on Friday, July 11th will be given a dividend of $5.00 per share. The ex-dividend date is Friday, July 11th.

Hedge Funds Weigh In On Security National Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SNFCA. Bank of America Corp DE boosted its holdings in shares of Security National Financial by 31.8% in the 4th quarter. Bank of America Corp DE now owns 17,226 shares of the credit services provider's stock worth $207,000 after purchasing an additional 4,161 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Security National Financial by 6.4% in the 4th quarter. Northern Trust Corp now owns 45,855 shares of the credit services provider's stock worth $552,000 after purchasing an additional 2,741 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in shares of Security National Financial in the 4th quarter worth about $73,000. Jane Street Group LLC boosted its holdings in shares of Security National Financial by 91.2% in the 4th 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. Finally, Millennium Management LLC boosted its holdings in shares of Security National Financial by 49.1% in the 4th 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. 45.58% of the stock is currently owned by hedge funds and other 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.