Security National Financial Co. (NASDAQ:SNFCA) Sees Large Drop in Short Interest

Security National Financial Co. (NASDAQ:SNFCA) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 17,400 shares, a decrease of 36.3% from the February 13th total of 27,300 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 35,500 shares, the short-interest ratio is presently 0.5 days.

Security National Financial Stock Up 0.2 %

NASDAQ SNFCA traded up $0.02 on Friday, hitting $12.18. The company’s stock had a trading volume of 14,920 shares, compared to its average volume of 34,541. The firm has a market cap of $295.67 million, a PE ratio of 9.92 and a beta of 1.10. The company’s 50-day moving average is $12.53 and its 200 day moving average is $11.24. Security National Financial has a 1-year low of $6.19 and a 1-year high of $13.59.

Institutional Trading of Security National Financial

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its position in Security National Financial by 795.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,885 shares of the credit services provider’s stock valued at $47,000 after purchasing an additional 3,451 shares during the period. Farther Finance Advisors LLC acquired a new stake in shares of Security National Financial during the fourth quarter worth $73,000. JPMorgan Chase & Co. raised its stake in Security National Financial by 1,673.8% during the third quarter. JPMorgan Chase & Co. now owns 6,368 shares of the credit services provider’s stock worth $59,000 after buying an additional 6,009 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in Security National Financial by 203.9% in the fourth quarter. Cubist Systematic Strategies LLC now owns 7,217 shares of the credit services provider’s stock valued at $87,000 after buying an additional 4,842 shares during the period. Finally, Jefferies Financial Group Inc. boosted its position in Security National Financial by 15.4% during the fourth quarter. Jefferies Financial Group Inc. now owns 13,614 shares of the credit services provider’s stock valued at $164,000 after acquiring an additional 1,814 shares during the last quarter. 45.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Security National Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday.

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 insurance policies.