Stock Chart to Observe: A Reversal for Security National Financial Corp Is Near. The Formed Bullish Double Top Pattern

Stock Chart to Observe: A Reversal for Security National Financial Corp Is Near. The Formed Bullish Double Top Pattern

The chart of Security National Financial Corp (SNFCA) shows a double top with $7.26 target or 6.00% above today’s $6.85 share price. The 5 months chart pattern indicates low risk for the $101.80M company. It was reported on Jan, 11 by Finviz.com. If the $7.26 price target is reached, the company will be worth $6.11M more. Double tops are rare but powerful chart patterns. About 15,868 shares traded hands. Security National Financial Corp (NASDAQ:SNFCA) has risen 58.06% since June 14, 2016 and is uptrending. It has outperformed by 50.64% the S&P500.

Analysts await Security National Financial Corp (NASDAQ:SNFCA) to report earnings on March, 29.

According to Zacks Investment Research, “SECURITY NATIONAL FIN L CORP. is a holding company whose subsidiaries are engaged in the business of selling and servicing selected lines of life, accident and health insurance and annuity products, and in selling cemetery and funeral products and services. Co. is licensed to sell insurance in Washington, Oregon, Idaho, Montana, Wyoming, Nevada, Utah, Colorado, Arizona, New Mexico, Texas, North Dakota, Nebraska, Kansas, Oklahoma, Alaska, and Hawaii.”

Insitutional Activity: The institutional sentiment increased to 1 in Q3 2016. Its up 0.20, from 0.8 in 2016Q2. The ratio increased, as 1 funds sold all Security National Financial Corp shares owned while 6 reduced positions. 0 funds bought stakes while 7 increased positions. They now own 1.14 million shares or 4.05% less from 1.19 million shares in 2016Q2.
Bridgeway Cap Mngmt holds 0.02% or 177,434 shares in its portfolio. Moreover, Federated Invsts Pa has 0% invested in Security National Financial Corp (NASDAQ:SNFCA) for 568 shares. Manufacturers Life Ins The last reported 0% of its portfolio in the stock. Blackrock Ltd Liability Com has invested 0% of its portfolio in Security National Financial Corp (NASDAQ:SNFCA). Creative Planning last reported 786 shares in the company. Acadian Asset Management Ltd Liability Com last reported 2,698 shares in the company. Northern Trust Corp holds 0% or 24,510 shares in its portfolio. Synovus Fincl Corporation last reported 31,500 shares in the company. Tower Research Ltd Liability Corporation (Trc) last reported 0% of its portfolio in the stock. Menta Cap Ltd Liability Co has 28,393 shares for 0.02% of their US portfolio. Blackrock Fund Advsr has 0% invested in the company for 25,447 shares. The California-based Wells Fargo Mn has invested 0% in Security National Financial Corp (NASDAQ:SNFCA). Retail Bank Of New York Mellon Corp accumulated 0% or 15,510 shares. Vanguard Grp Inc has invested 0% of its portfolio in Security National Financial Corp (NASDAQ:SNFCA). Deutsche Savings Bank Ag last reported 0% of its portfolio in the stock.

Insider Transactions: Since August 16, 2016, the stock had 0 insider purchases, and 2 sales for $19,209 net activity. Wilbur Norman G sold 3,000 shares worth $17,490.

SNFCA Company Profile

Security National Financial Corporation, incorporated on December 29, 1978, is a holding company. The Firm operates through three divisions: life insurance, cemetery and mortuary, and mortgage loans. The life insurance segment is engaged in the business of selling and servicing selected lines of life insurance, annuity products, and accident and health insurance. The cemetery and mortuary segment consists of approximately seven mortuaries and five cemeteries in the state of Utah and a cemetery in the state of California. The mortgage loan segment originates and underwrites or otherwise purchases residential and commercial loans for new construction, existing homes and real estate projects. The Firm is also engaged in pre-need selling of funeral, cemetery, mortuary and cremation services through its Utah and California operations. It also sells pre-need funeral, cemetery and cremation services. The Company, through its subsidiary, SecurityNational Mortgage Company, is engaged in the residential real estate market.

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