Security National Financial (NASDAQ:SNFCA) Releases Earnings Results

Security National Financial (NASDAQ:SNFCA) issued its earnings results on Monday. The credit services provider reported $0.23 earnings per share (EPS) for the quarter, FiscalAI reports. Security National Financial had a return on equity of 8.43% and a net margin of 10.91%. The company had revenue of $79.94 million for the quarter.

Security National Financial Stock Down 3.3%

SNFCA stock opened at $9.07 on Wednesday. The firm has a market capitalization of $248.31 million, a PE ratio of 6.86 and a beta of 0.62. Security National Financial has a twelve month low of $7.33 and a twelve month high of $10.23. The stock’s 50 day moving average is $8.99 and its 200-day moving average is $9.02.

Hedge Funds Weigh In On Security National Financial

Several large investors have recently bought and sold shares of SNFCA. Drive Wealth Management LLC bought a new stake in Security National Financial during the third quarter worth $87,000. Russell Investments Group Ltd. grew its stake in Security National Financial by 25.2% during the third quarter. Russell Investments Group Ltd. now owns 13,101 shares of the credit services provider’s stock valued at $114,000 after acquiring an additional 2,639 shares in the last quarter. Ritholtz Wealth Management grew its position in shares of Security National Financial by 60.0% during the 3rd quarter. Ritholtz Wealth Management now owns 23,519 shares of the credit services provider’s stock valued at $205,000 after purchasing an additional 8,820 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in shares of Security National Financial by 5.0% in the third quarter. Evergreen Capital Management LLC now owns 41,256 shares of the credit services provider’s stock worth $359,000 after purchasing an additional 1,965 shares during the period. Finally, Physician Wealth Advisors Inc. increased its holdings in shares of Security National Financial by 5.0% in the third quarter. Physician Wealth Advisors Inc. now owns 54,995 shares of the credit services provider’s stock worth $478,000 after purchasing an additional 2,619 shares during the period. 45.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Security National Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat, Security National Financial presently has an average rating of “Buy”.

Security National Financial Company Profile

Security National Financial Corporation (NASDAQ: SNFCA) is a Utah-based financial services holding company that operates through subsidiaries focused on life insurance, mortgage lending, and funeral-related services. Its insurance operations, conducted primarily through Security National Life Insurance Company, offer life insurance products, including traditional and final-expense coverage, as well as annuities and pre-need funeral insurance. These products are designed to help individuals provide financial protection for beneficiaries and plan for future funeral and burial expenses.