Security National Financial (NASDAQ:SNFCA) Share Price Breaks Below 200 Day Moving Average – Time to Sell?

Security National Financial Corporation (NASDAQ:SNFCA) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $9.03 and traded as low as $8.92. Security National Financial shares last traded at $8.97, with a volume of 27,543 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised 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, the company presently has an average rating of “Buy”.

Security National Financial Stock Down 1.1%

The business has a fifty day moving average price of $9.00 and a 200 day moving average price of $9.03. The company has a market capitalization of $245.60 million, a P/E ratio of 6.79 and a beta of 0.62.

Security National Financial (NASDAQ:SNFCA) last issued its quarterly earnings results on Monday, November 9th. The credit services provider reported $0.23 earnings per share for the quarter. Security National Financial had a net margin of 10.91% and a return on equity of 8.21%. The company had revenue of $79.94 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SNFCA. Dimensional Fund Advisors LP increased its position in Security National Financial by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 793,553 shares of the credit services provider’s stock worth $7,523,000 after buying an additional 25,607 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Security National Financial by 10.2% during the 1st quarter. Empowered Funds LLC now owns 90,859 shares of the credit services provider’s stock valued at $861,000 after acquiring an additional 8,389 shares during the period. Physician Wealth Advisors Inc. grew its stake in Security National Financial by 5.0% during the third quarter. Physician Wealth Advisors Inc. now owns 54,995 shares of the credit services provider’s stock worth $478,000 after buying an additional 2,619 shares in the last quarter. Evergreen Capital Management LLC boosted its position in shares of Security National Financial by 5.0% during the 3rd quarter. Evergreen Capital Management LLC now owns 41,256 shares of the credit services provider’s stock worth $359,000 after acquiring an additional 1,965 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Security National Financial by 4.3% in the 1st quarter. Bank of New York Mellon Corp now owns 37,257 shares of the credit services provider’s stock valued at $353,000 after purchasing an additional 1,531 shares in the last quarter. Institutional investors own 45.58% of the company’s stock.

Security National Financial Company Profile

Security National Financial Corporation is a diversified financial services holding company based in Salt Lake City, Utah. Founded in 1965, it operates through life insurance, cemetery and mortuary, and mortgage banking businesses. Its insurance operations offer life insurance, annuities, and related products, including coverage designed to help families plan for funeral expenses. Through its cemetery and mortuary businesses, the company provides funeral services and cemetery property. Security National’s mortgage banking operations originate and service residential mortgage loans.