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

Security National Financial Co. (NASDAQ:SNFCA - Get Free Report) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 29,100 shares, a drop of 21.1% from the December 15th total of 36,900 shares. Based on an average trading volume of 43,200 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the company's shares are sold short.

Institutional Trading of Security National Financial

A number of institutional investors and hedge funds have recently bought and sold shares of SNFCA. Renaissance Technologies LLC raised its stake in shares of Security National Financial by 43.8% in the 2nd quarter. Renaissance Technologies LLC now owns 291,553 shares of the credit services provider's stock valued at $2,330,000 after acquiring an additional 88,850 shares during the period. Dimensional Fund Advisors LP raised its position in Security National Financial by 10.3% in 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 during the period. Soltis Investment Advisors LLC raised its position in Security National Financial by 1.0% in the third quarter. Soltis Investment Advisors LLC now owns 2,820,948 shares of the credit services provider's stock valued at $25,953,000 after purchasing an additional 29,120 shares during the period. Hsbc Holdings PLC purchased a new stake in shares of Security National Financial in the second quarter worth about $198,000. Finally, RBF Capital LLC boosted its position in shares of Security National Financial by 5.9% in the third quarter. RBF Capital LLC now owns 296,531 shares of the credit services provider's stock worth $2,728,000 after buying an additional 16,406 shares during the period. Institutional investors and hedge funds own 45.58% of the company's stock.

Security National Financial Trading Up 2.9 %

NASDAQ:SNFCA traded up $0.33 on Wednesday, hitting $11.64. 44,659 shares of the stock were exchanged, compared to its average volume of 26,507. The stock has a fifty day moving average of $12.07 and a 200-day moving average of $9.86. The stock has a market cap of $282.56 million, a PE ratio of 9.48 and a beta of 1.10. Security National Financial has a fifty-two week low of $6.19 and a fifty-two week high of $13.59.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Security National Financial from a "buy" rating to a "strong-buy" rating in a research note 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.