Is Buying Stock Like Security National Financial Corporation (SNFCA) After This Wedge Up a Winning Strategy?

October 2, 2018 - By Hazel Jackson

Security National Financial Corporation (NASDAQ:SNFCA) Logo

Investors sentiment decreased to 0.63 in Q2 2018. Its down 1.37, from 2 in 2018Q1. It dropped, as 3 investors sold Security National Financial Corporation shares while 5 reduced holdings. 0 funds opened positions while 5 raised stakes. 1.37 million shares or 4.37% less from 1.43 million shares in 2018Q1 were reported.
Bridgeway Cap Mngmt Incorporated invested 0.01% of its portfolio in Security National Financial Corporation (NASDAQ:SNFCA). Deutsche Natl Bank Ag reported 19,352 shares or 0% of all its holdings. Royal Bancshares Of Canada holds 0% in Security National Financial Corporation (NASDAQ:SNFCA) or 593 shares. Synovus Finance stated it has 0.01% in Security National Financial Corporation (NASDAQ:SNFCA). Tower Ltd (Trc) owns 539 shares for 0% of their portfolio. Dimensional Fund Advsrs Limited Partnership has 180,055 shares for 0% of their portfolio. National Bank & Trust Of Mellon owns 16,040 shares. California Public Employees Retirement System holds 58,303 shares or 0% of its portfolio. Wells Fargo & Commerce Mn holds 0% in Security National Financial Corporation (NASDAQ:SNFCA) or 295 shares. Blackrock Inc reported 0% of its portfolio in Security National Financial Corporation (NASDAQ:SNFCA). 52,985 are owned by Geode Cap Lc. Northern reported 32,121 shares stake. Renaissance Techs Ltd Liability accumulated 0% or 110,338 shares. Vanguard Gp accumulated 428,381 shares. Jbf Capital reported 48,037 shares or 0.04% of all its holdings.

Since July 17, 2018, it had 0 buys, and 2 insider sales for $23,575 activity.

The stock of Security National Financial Corporation (SNFCA) formed an up wedge with $5.78 target or 5.00 % above today’s $5.50 share price. The 9 months wedge indicates low risk for the $89.44 million company. If the $5.78 price target is reached, the company will be worth $4.47M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 2.80% or $0.15 during the last trading session, reaching $5.5. About 14,814 shares traded or 58.52% up from the average. Security National Financial Corporation (NASDAQ:SNFCA) has risen 0.35% since October 2, 2017 and is uptrending. It has underperformed by 15.27% the S&P500.

Another recent and important Security National Financial Corporation (NASDAQ:SNFCA) news was published by Globenewswire.com which published an article titled: “Security National Financial Corporation Announces Stock Repurchase Program” on September 10, 2018.

Security National Financial Corporation engages in life insurance, cemetery and mortuary, and mortgage loan businesses. The company has market cap of $89.44 million. The company??s Life Insurance segment engages in selling and servicing life insurance, annuity products, and accident and health insurance. It has a 3 P/E ratio. This segment offers various life insurance products, such as funeral plans and interest-sensitive life insurance; other traditional life, accident, and health insurance products; annuity products comprising single premium deferred annuities, flexible premium deferred annuities, and immediate annuities; and diver's accident policies, as well as cedes and assumes certain risks with various authorized unaffiliated reinsurers pursuant to reinsurance treaties.

Security National Financial Corporation (NASDAQ:SNFCA) Institutional Positions Chart

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