Security National Financial (NASDAQ:SNFCA) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Security National Financial Corporation (NASDAQ:SNFCA)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $9.56 and traded as high as $9.62. Security National Financial shares last traded at $9.37, with a volume of 28,146 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SNFCA shares. Wall Street Zen cut Security National Financial from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Security National Financial in a report on Monday, April 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Security National Financial has an average rating of “Hold”.

Security National Financial Stock Performance

The business has a fifty day simple moving average of $9.56 and a 200 day simple moving average of $9.07. The stock has a market cap of $243.81 million, a price-to-earnings ratio of 6.89 and a beta of 0.72.

Security National Financial (NASDAQ:SNFCA) last posted its quarterly earnings data on Monday, May 11th. The credit services provider reported $0.27 earnings per share (EPS) for the quarter. Security National Financial had a return on equity of 8.95% and a net margin of 10.19%.The business had revenue of $79.73 million for the quarter.

Insider Activity

In other news, Director Gilbert A. Fuller sold 10,000 shares of the firm’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $9.45, for a total transaction of $94,500.00. Following the sale, the director owned 31,973 shares in the company, valued at $302,144.85. This trade represents a 23.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 15.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Security National Financial

Several hedge funds have recently made changes to their positions in SNFCA. Cubist Systematic Strategies LLC boosted its holdings in shares of Security National Financial by 48.0% during the first quarter. Cubist Systematic Strategies LLC now owns 10,679 shares of the credit services provider’s stock worth $129,000 after purchasing an additional 3,462 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Security National Financial by 36.4% during the first quarter. Goldman Sachs Group Inc. now owns 93,796 shares of the credit services provider’s stock worth $1,135,000 after purchasing an additional 25,020 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Security National Financial by 8.1% during the first quarter. Empowered Funds LLC now owns 56,652 shares of the credit services provider’s stock worth $685,000 after purchasing an additional 4,250 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Security National Financial by 303.0% during the first quarter. Acadian Asset Management LLC now owns 58,081 shares of the credit services provider’s stock worth $701,000 after purchasing an additional 43,670 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Security National Financial by 134.4% during the second quarter. Geode Capital Management LLC now owns 308,665 shares of the credit services provider’s stock worth $3,041,000 after purchasing an additional 176,996 shares during the last quarter. Institutional investors and hedge funds own 45.58% of the company’s stock.

About Security National Financial

Security National Financial Corp. is a diversified provider of mortgage lending, settlement and technology services under the NASDAQ ticker SNFCA. Through its primary subsidiaries—Security National Mortgage Company and Titan Lenders Corp—the company originates and funds residential mortgage loans across retail, wholesale and correspondent channels. Its platform supports a full range of loan products, including conventional, government-insured and jumbo financing tailored to homebuyers and investors.

Established in 1989, Security National Mortgage Company operates a nationwide branch network in all 50 states, offering local origination backed by centralized underwriting and closing services.