Security National Financial (NASDAQ:SNFCA) Downgraded to Buy Rating by StockNews.com

Security National Financial (NASDAQ:SNFCA) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Monday.

Security National Financial Price Performance

SNFCA traded up $0.18 during midday trading on Monday, reaching $12.33. 47,780 shares of the company’s stock traded hands, compared to its average volume of 28,283. The stock has a market capitalization of $299.25 million, a price-to-earnings ratio of 10.04 and a beta of 1.10. Security National Financial has a 52 week low of $6.19 and a 52 week high of $13.59. The firm has a fifty day moving average of $12.18 and a two-hundred day moving average of $9.95.

Hedge Funds Weigh In On Security National Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its holdings in shares of Security National Financial by 1,673.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,368 shares of the credit services provider’s stock worth $59,000 after purchasing an additional 6,009 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Security National Financial in the 2nd quarter worth about $103,000. Marshall Wace LLP purchased a new position in Security National Financial in the 2nd quarter worth about $106,000. Hsbc Holdings PLC bought a new position in Security National Financial during the 2nd quarter valued at about $198,000. Finally, Ritholtz Wealth Management boosted its holdings in shares of Security National Financial by 77.0% during the 3rd quarter. Ritholtz Wealth Management now owns 25,647 shares of the credit services provider’s stock valued at $236,000 after acquiring an additional 11,160 shares during the last quarter. 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.