Security National Financial (NASDAQ:SNFCA) Stock Price Passes Below 200 Day Moving Average - Should You Sell?

Key Points

• Security National Financial's stock price has recently dropped below its 200-day moving average of $10.61, currently trading at $8.94, prompting questions about potential investment decisions.
• The company reported $0.18 earnings per share and a market capitalization of $231.72 million, with institutional investors currently holding 45.58% of its stock.
• Notable institutional investments include a 31.8% increase in holdings from Bank of America and a staggering 203.9% increase from Cubist Systematic Strategies.

Security National Financial Corporation (NASDAQ:SNFCA - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.61 and traded as low as $8.67. Security National Financial shares last traded at $8.94, with a volume of 46,014 shares trading hands.

Security National Financial Stock Down 7.2%

The stock has a market capitalization of $219.58 million, a PE ratio of 9.54 and a beta of 0.84. The business's 50-day moving average is $9.34 and its two-hundred day moving average is $10.54.

Security National Financial (NASDAQ:SNFCA - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The credit services provider reported $0.25 EPS for the quarter. The company had revenue of $89.54 million for the quarter. Security National Financial had a net margin of 6.66% and a return on equity of 6.58%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SNFCA. Susquehanna International Group LLP grew its position 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 valued at $2,859,000 after purchasing an additional 215,315 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Security National Financial by 134.4% in the second quarter. Geode Capital Management LLC now owns 308,665 shares of the credit services provider's stock valued at $3,041,000 after purchasing an additional 176,996 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of Security National Financial by 1,404.7% in the second quarter. Raymond James Financial Inc. now owns 151,688 shares of the credit services provider's stock valued at $1,494,000 after purchasing an additional 141,607 shares during the last quarter. M3F Inc. grew its position in shares of Security National Financial by 5.2% in the second quarter. M3F Inc. now owns 2,122,425 shares of the credit services provider's stock valued at $20,906,000 after purchasing an additional 105,660 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Security National Financial by 303.0% in the first quarter. Acadian Asset Management LLC now owns 58,081 shares of the credit services provider's stock valued at $701,000 after purchasing an additional 43,670 shares during the last quarter. 45.58% of the stock is currently owned by institutional investors and hedge funds.

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.