Soltis Investment Advisors LLC Has $25.13 Million Stock Position in Security National Financial Corporation $SNFCA

Soltis Investment Advisors LLC lessened its position in shares of Security National Financial Corporation (NASDAQ:SNFCA) by 0.6% in the second quarter, HoldingsChannel.com reports. The fund owned 2,551,096 shares of the credit services provider’s stock after selling 14,408 shares during the period. Security National Financial comprises approximately 2.0% of Soltis Investment Advisors LLC’s portfolio, making the stock its 7th biggest holding. Soltis Investment Advisors LLC owned about 0.10% of Security National Financial worth $25,128,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its holdings in shares of Security National Financial by 36.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 93,796 shares of the credit services provider’s stock worth $1,135,000 after acquiring an additional 25,020 shares during the period. Ritholtz Wealth Management lifted its stake in Security National Financial by 11.7% in the 2nd quarter. Ritholtz Wealth Management now owns 43,527 shares of the credit services provider’s stock valued at $429,000 after purchasing an additional 4,552 shares during the last quarter. Trexquant Investment LP bought a new position in Security National Financial in the 1st quarter valued at approximately $174,000. Acadian Asset Management LLC lifted its stake in Security National Financial by 303.0% in the 1st 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. Finally, Empowered Funds LLC lifted its stake in Security National Financial by 8.1% in the 1st quarter. Empowered Funds LLC now owns 56,652 shares of the credit services provider’s stock valued at $685,000 after purchasing an additional 4,250 shares during the last quarter. Institutional investors own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Security National Financial in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Security National Financial presently has a consensus rating of “Hold”.

Security National Financial Trading Up 1.9%

NASDAQ:SNFCA opened at $8.11 on Thursday. The stock has a market capitalization of $210.71 million, a price-to-earnings ratio of 9.13 and a beta of 0.87. The firm has a fifty day simple moving average of $8.46 and a two-hundred day simple moving average of $9.16. Security National Financial Corporation has a 12 month low of $7.32 and a 12 month high of $12.94.

Security National Financial (NASDAQ:SNFCA) last posted its quarterly 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%.

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.