Short Interest in Security National Financial Co. (NASDAQ:SNFCA) Declines By 21.1%

Security National Financial Co. (NASDAQ:SNFCA) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 29,100 shares, a drop of 21.1% from the December 15th total of 36,900 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 43,200 shares, the days-to-cover ratio is currently 0.7 days.

Security National Financial Stock Performance

Shares of NASDAQ:SNFCA traded up $0.14 during midday trading on Friday, reaching $12.29. 4,520 shares of the company’s stock were exchanged, compared to its average volume of 25,473. The company’s 50 day simple moving average is $12.10 and its two-hundred day simple moving average is $9.88. Security National Financial has a 12 month low of $6.19 and a 12 month high of $13.59. The firm has a market capitalization of $298.16 million, a PE ratio of 10.00 and a beta of 1.10.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in shares of Security National Financial by 10.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 550,809 shares of the credit services provider’s stock valued at $4,401,000 after purchasing an additional 51,539 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Security National Financial by 43.8% during the 2nd quarter. Renaissance Technologies LLC now owns 291,553 shares of the credit services provider’s stock valued at $2,330,000 after purchasing an additional 88,850 shares during the last quarter. Hsbc Holdings PLC bought a new stake in Security National Financial during the 2nd quarter worth approximately $198,000. Marshall Wace LLP acquired a new stake in Security National Financial during the 2nd quarter valued at $106,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Security National Financial in the 2nd quarter valued at $103,000. Institutional investors own 45.58% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Security National Financial from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 21st.

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.