Security National Financial (NASDAQ:SNFCA) Shares Pass Below 200-Day Moving Average of $8.00

Security National Financial Co. (NASDAQ:SNFCA)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.00 and traded as low as $6.58. Security National Financial shares last traded at $6.62, with a volume of 44,811 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Security National Financial from a “buy” rating to a “hold” rating in a research report on Monday, April 1st.

Security National Financial Stock Performance

The stock’s 50-day moving average price is $7.82 and its two-hundred day moving average price is $8.00. The stock has a market capitalization of $152.39 million, a PE ratio of 10.23 and a beta of 0.91.

Institutional Trading of Security National Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. Soltis Investment Advisors LLC purchased a new stake in shares of Security National Financial in the 4th quarter worth about $26,399,000. O Shaughnessy Asset Management LLC grew its position in Security National Financial by 102.5% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 31,407 shares of the credit services provider’s stock valued at $246,000 after purchasing an additional 15,899 shares during the last quarter. Ritholtz Wealth Management purchased a new stake in Security National Financial during the 3rd quarter valued at about $111,000. Bailard Inc. purchased a new stake in Security National Financial during the 3rd quarter valued at about $100,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Security National Financial during the 3rd quarter valued at about $229,000. 45.58% of the stock is owned by hedge funds and other institutional investors.

Security National Financial Company Profile

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 policies.