Security National Financial Co. (NASDAQ:SNFCA) Short Interest Update

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

Security National Financial Trading Up 4.4 %

NASDAQ SNFCA traded up $0.51 during trading hours on Thursday, hitting $12.15. The company’s stock had a trading volume of 37,943 shares, compared to its average volume of 27,644. The company’s 50-day simple moving average is $12.10 and its two-hundred day simple moving average is $9.88. The company has a market capitalization of $294.94 million, a PE ratio of 9.89 and a beta of 1.10. Security National Financial has a 52 week low of $6.19 and a 52 week high of $13.59.

Institutional Investors Weigh In On Security National Financial

Several institutional investors have recently bought and sold shares of SNFCA. Dimensional Fund Advisors LP lifted its position in shares of Security National Financial by 10.3% during the second 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 position in shares of 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 worth $2,330,000 after buying an additional 88,850 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of Security National Financial during the 2nd quarter worth approximately $198,000. Marshall Wace LLP purchased a new position in shares of Security National Financial in the 2nd quarter worth approximately $106,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Security National Financial in the second quarter valued at approximately $103,000. Institutional investors own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Security National Financial from a “buy” rating to a “strong-buy” rating in a 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.