Security National Financial (NASDAQ:SNFCA) Downgraded by StockNews.com to Buy

Security National Financial (NASDAQ:SNFCA) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Monday.

Security National Financial Trading Up 1.5 %

Security National Financial stock traded up $0.18 during trading on Monday, reaching $12.33. The company had a trading volume of 47,780 shares, compared to its average volume of 28,283. The firm’s 50-day simple moving average is $12.18 and its 200 day simple moving average is $9.95. Security National Financial has a 52 week low of $6.19 and a 52 week high of $13.59. The firm has a market capitalization of $299.25 million, a price-to-earnings ratio of 10.04 and a beta of 1.10.

Hedge Funds Weigh In On Security National Financial

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of Security National Financial by 0.8% during the third quarter. Geode Capital Management LLC now owns 132,414 shares of the credit services provider’s stock worth $1,218,000 after purchasing an additional 1,080 shares in the last quarter. Barclays PLC raised its position in shares of Security National Financial by 28.4% during the third quarter. Barclays PLC now owns 42,486 shares of the credit services provider’s stock valued at $391,000 after buying an additional 9,404 shares during the last quarter. State Street Corp lifted its holdings in shares of Security National Financial by 5.0% in the third quarter. State Street Corp now owns 51,163 shares of the credit services provider’s stock worth $471,000 after buying an additional 2,434 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Security National Financial by 28.5% during the third quarter. Jane Street Group LLC now owns 40,931 shares of the credit services provider’s stock worth $377,000 after acquiring an additional 9,076 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in Security National Financial during the second quarter valued at $106,000. Hedge funds and other institutional investors own 45.58% of the company’s stock.

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.