Acadian Asset Management LLC raised its holdings in Security National Financial Corp (NASDAQ:SNFCA) by 113.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,268 shares of the credit services provider’s stock after buying an additional 5,988 shares during the period. Acadian Asset Management LLC owned about 0.06% of Security National Financial worth $57,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in SNFCA. Deutsche Bank AG raised its holdings in shares of Security National Financial by 16.7% in the fourth quarter. Deutsche Bank AG now owns 20,360 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 2,909 shares during the last quarter. Synovus Financial Corp raised its holdings in shares of Security National Financial by 5.0% in the first quarter. Synovus Financial Corp now owns 93,878 shares of the credit services provider’s stock valued at $443,000 after purchasing an additional 4,470 shares during the last quarter. Finally, M3F Inc. raised its holdings in shares of Security National Financial by 32.0% in the first quarter. M3F Inc. now owns 552,122 shares of the credit services provider’s stock valued at $2,606,000 after purchasing an additional 133,752 shares during the last quarter. 14.41% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SNFCA stock opened at $4.93 on Friday. The firm has a 50-day moving average of $4.96 and a 200-day moving average of $5.06. The company has a market cap of $86.32 million, a P/E ratio of 12.45 and a beta of -0.04. Security National Financial Corp has a one year low of $4.60 and a one year high of $5.90.
Security National Financial (NASDAQ:SNFCA) last posted its quarterly earnings data on Wednesday, August 14th. The credit services provider reported $0.20 earnings per share (EPS) for the quarter. Security National Financial had a net margin of 2.68% and a return on equity of 3.99%. The business had revenue of $68.45 million during the quarter.
Separately, ValuEngine downgraded shares of Security National Financial from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.
About Security National Financial
Security National Financial Corporation engages in life insurance, cemetery and mortuary, and mortgage businesses. The company operates through three segments: Life Insurance, Cemetery and Mortuary, and Mortgages. The Life Insurance segment is involved in selling and servicing lines of life insurance, annuity products, and accident and health insurance.
Recommended Story: Marijuana Stocks Investing Considerations
Receive News & Ratings for Security National Financial Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Security National Financial and related companies with MarketBeat.com’s FREE daily email newsletter.
