Weiss Ratings Reaffirms Hold (C+) Rating for Security National Financial (NASDAQ:SNFCA)

Key Points

• Weiss Ratings has reaffirmed a Hold (C+) rating for Security National Financial (NASDAQ:SNFCA) in a recent report.
• Security National Financial reported a quarterly EPS of $0.25 with revenues of $89.54 million, and a net margin of 6.66%.
• Institutional investors own 45.58% of Security National Financial's stock, with significant recent increases in holdings from several firms.

Security National Financial (NASDAQ:SNFCA - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Security National Financial Stock Performance

Shares of SNFCA stock opened at $8.39 on Wednesday. The company has a market capitalization of $217.97 million, a price-to-earnings ratio of 9.45 and a beta of 0.86. The company has a 50-day simple moving average of $8.70 and a 200 day simple moving average of $9.48. Security National Financial has a 52 week low of $7.32 and a 52 week high of $12.94.

Security National Financial (NASDAQ:SNFCA - Get Free Report) last announced its earnings results on Thursday, August 14th. The credit services provider reported $0.25 EPS for the quarter. The business had revenue of $89.54 million during the quarter. Security National Financial had a net margin of 6.66% and a return on equity of 6.53%.

Institutional Trading of Security National Financial

Several hedge funds and other institutional investors have recently modified their holdings of the stock. M3F Inc. boosted its holdings in Security National Financial by 5.2% in the 2nd 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 period. Ameriprise Financial Inc. boosted its holdings in Security National Financial by 0.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 467,818 shares of the credit services provider's stock valued at $4,608,000 after purchasing an additional 1,746 shares during the period. Bridgeway Capital Management LLC boosted its holdings in Security National Financial by 1.6% in the 2nd quarter. Bridgeway Capital Management LLC now owns 336,704 shares of the credit services provider's stock valued at $3,317,000 after purchasing an additional 5,204 shares during the period. Geode Capital Management LLC boosted its holdings in Security National Financial by 134.4% in the 2nd 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 period. Finally, Raymond James Financial Inc. boosted its holdings in Security National Financial by 1,404.7% in the 2nd 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 period. Institutional investors own 45.58% of the company's stock.

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.

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