Acadian Asset Management LLC lifted its holdings in Security National Financial Corp (NASDAQ:SNFCA) by 113.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 SEC filing.
Several other institutional investors have also modified their holdings of SNFCA. Deutsche Bank AG boosted its position in Security National Financial by 16.7% during 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 increased its stake 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 worth $443,000 after purchasing an additional 4,470 shares during the period. Finally, M3F Inc. increased its stake 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 worth $2,606,000 after purchasing an additional 133,752 shares during the period. 14.41% of the stock is owned by institutional investors and hedge funds.
Separately, ValuEngine lowered Security National Financial from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.
Shares of SNFCA opened at $5.10 on Friday. The firm has a market capitalization of $84.57 million, a price-to-earnings ratio of 12.20 and a beta of -0.04. Security National Financial Corp has a 12-month low of $4.60 and a 12-month high of $5.90. The stock’s 50-day moving average price is $4.99 and its 200 day moving average price is $5.06.
Security National Financial (NASDAQ:SNFCA) last announced its earnings results on Wednesday, August 14th. The credit services provider reported $0.20 EPS for the quarter. Security National Financial had a return on equity of 3.99% and a net margin of 2.68%. The business had revenue of $68.45 million for the quarter.
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.
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