Equity researchers at StockNews.com initiated a hedge on the shares of National Financial Security (NASDAQ: SNFCA – Get a rating) in a research report delivered Wednesday to clients and investors. The brokerage has set a “buy” rating on the shares of the credit service provider.
SNFCA stock opened at $8.44 on Wednesday. Security National Financial has a 12-month low of $7.71 and a 12-month high of $10.46. The company has a market capitalization of $173.59 million, a P/E ratio of 5.66 and a beta of 0.78. The company has a 50-day simple moving average of $9.22 and a 200-day simple moving average of $9.40.
National Financial Security (NASDAQ: SNFCA – Get a rating) last reported quarterly earnings data on Monday, May 16. The credit service provider reported earnings per share (EPS) of $0.15 for the quarter. National Security Financial achieved a return on equity of 16.73% and a net margin of 10.91%. The company had revenue of $102.43 million for the quarter.
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Several hedge funds and other institutional investors have recently changed their holdings in SNFCA. Denali Advisors LLC acquired a new position in Security National Financial during the fourth quarter worth approximately $29,000. FNY Investment Advisers LLC acquired a new position in Security National Financial during the first quarter worth approximately $59,000. JPMorgan Chase & Co. increased its holdings in Security National Financial by 5,683.8% during the fourth quarter. JPMorgan Chase & Co. now owns 6,420 shares of the credit services provider worth $59,000 after acquiring 6,309 additional shares during the period. Morgan Stanley increased its holdings in Security National Financial by 33.8% during the second quarter. Morgan Stanley now owns 14,999 shares of the credit services provider worth $131,000 after acquiring 3,791 additional shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Security National Financial by 4.8% during the third quarter. Goldman Sachs Group Inc. now owns 26,645 shares of the credit services provider worth $219,000 after acquiring 1,227 additional shares during the period. Institutional investors and hedge funds hold 41.67% of the company’s shares.
National Financial Security Company Profile (Get a rating)
Security National Financial Corporation is engaged in the business of life insurance, cemeteries and morgues, and mortgages. The Company’s Life Insurance segment is involved in the sale and servicing of lines of life insurance, annuity products and accident and health insurance. It offers various life insurance products, including funeral plans and interest rate sensitive life insurance, as well as other traditional life, accident and health insurance products; annuity products including single and flexible premium deferred annuities and immediate annuities; and diver accident policies.
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