SNFCA Security National Financial Corp.
Security National Financial Corp. is a holding company for Security National Life Insurance Co. It operates through the following segments: Life insurance; Cemetery and Mortuary; and Mortgage. The Life insurance segment involves 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 eight mortuaries and five cemeteries in the state of Utah and one cemetery in the state of California. The Mortgage segment originates and underwrites or otherwise purchases residential and commercial loans for new construction, existing homes, and other real estate projects. The company was founded in 1979 and is headquartered in Salt Lake City, UT.
Company profile
Ticker
SNFCA
Exchange
Website
CEO
Scott M. Quist
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
SEC CIK
Corporate docs
IRS number
870345941
SNFCA stock data
()
Calendar
15 May 20
10 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 79.61M | 77.74M | 75.38M | 68.45M | |
| Net income | 1.42M | 1.87M | 3.62M | 3.48M | |
| Diluted EPS | 0.08 | 0.1 | 0.2 | 0.19 | |
| Net profit margin | 1.79% | 2.40% | 4.80% | 5.08% | |
| Net change in cash | -23.99M | 4.58M | -4.65M | -2.3M | |
| Cash on hand | 103.77M | 127.75M | 123.18M | 127.83M | |
| Cost of revenue | 842.08K | 833.23K | 701.4K | 690.61K |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 283.06M | 279.62M | 276.93M | 304.33M | |
| Net income | 10.89M | 21.69M | 14.11M | 12.19M | |
| Diluted EPS | 0.6 | 1.19 | 0.82 | 0.77 | |
| Net profit margin | 3.85% | 7.76% | 5.10% | 4.01% | |
| Net change in cash | -14.45M | 96.88M | 6.33M | -1.07M | |
| Cash on hand | 127.75M | 142.2M | 45.32M | 38.99M | |
| Cost of revenue | 2.88M | 2.16M | 1.95M | 1.79M |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 11 Jun 20 | Moody H. Craig | Class A Common Stock | Gift | Dispose G | No | 7.03 | 3,500 | 24.61K | 27,610 |
| 9 Jun 20 | Moody H. Craig | Class A Common Stock | Sell | Dispose S | No | 7.4628 | 3,500 | 26.12K | 31,110 |
| 28 Apr 20 | Moody H. Craig | Class A Common Stock | Sell | Dispose S | No | 5.5688 | 2,028 | 11.29K | 34,610 |
| 27 Apr 20 | Moody H. Craig | Class A Common Stock | Sell | Dispose S | No | 5.2 | 1,000 | 5.2K | 36,638 |
| 27 Apr 20 | Moody H. Craig | Class A Common Stock | Sell | Dispose S | No | 5 | 4,000 | 20K | 37,638 |
| 24 Apr 20 | Moody H. Craig | Class A Common Stock | Sell | Dispose S | No | 5 | 4,105 | 20.53K | 41,638 |
| 27 Mar 20 | Moody H. Craig | Director Stock Option Class A Common Stock | Grant | Aquire A | No | 3.76 | 3,500 | 13.16K | 3,500 |
| 27 Mar 20 | Moody H. Craig | Director Stock Option Class A Common Stock | Grant | Aquire A | No | 3.76 | 2,500 | 9.4K | 2,500 |
| 27 Mar 20 | Moody H. Craig | Director Stock Option Class A Common Stock | Grant | Aquire A | No | 3.76 | 3,500 | 13.16K | 3,500 |
| 27 Mar 20 | Moody H. Craig | Director Stock Option Class A Common Stock | Grant | Aquire A | No | 3.76 | 2,500 | 9.4K | 2,500 |
Institutional ownership Q1 2020
29.6% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 24 |
| Opened positions | 1 |
| Closed positions | 3 |
| Increased positions | 17 |
| Reduced positions | 4 |
13F shares |
Current |
|---|---|
| Total value | 20.42M |
| Total shares | 4.78M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| Soltis Investment Advisors | 2.11M | $9M |
| M3F | 1.18M | $5.05M |
| Vanguard | 440.36K | $1.88M |
| Bridgeway Capital Management | 268.58K | $1.15M |
| Dimensional Fund Advisors | 229.93K | $982K |
| Renaissance Technologies | 186.58K | $797K |
| SNV Synovus Financial | 98.57K | $421K |
| BLK BlackRock | 78.63K | $336K |
| California Public Employees Retirement System | 63.3K | $270K |
| Geode Capital Management | 58.42K | $249K |
Financial report summary
?Management Discussion
- Total revenues increased by $3,442,000, or 1.2%, to $283,061,000 for 2019 from $279,619,000 for the fiscal year 2018. Contributing to this increase in total revenues was a $15,490,000 increase in mortgage fee income, a $5,932,000 increase in insurance premiums and other considerations, a $3,106,000 increase in net investment income, a $1,570,000 increase in net cemetery and mortuary sales, and a $257,000 increase in other revenues. This increase in total revenues was offset by a $23,213,000 decrease in gains on investments and other assets.
- Insurance premiums and other considerations increased by $5,932,000, or 7.8%, to $81,861,000 for 2018, from $75,929,000 for the comparable period in 2018. This increase was primarily due to an increase in renewal premiums due to the growth of the Company in recent years, particularly in whole life products, which resulted in more premium paying business in force.
- Net investment income increased by $3,106,000, or 7.8%, to $43,019,000 for 2019, from $39,913,000 for the comparable period in 2018. This increase was primarily attributable to a $1,315,000 increase in insurance assignment income, a $625,000 decrease in investment expenses, a $560,000 increase in interest income from cash and cash equivalents, a $408,000 increase in rental income from real estate held for investment, a $331,000 increase in fixed maturity securities income, a $145,000 increase in policy loan income, and a $76,000 increase in equity securities income. This increase was partially offset by a $311,000 decrease in interest from mortgage loans held for investment and a $43,000 decrease in income from other investments.
Content analysis
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H.S. freshman Bad
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New words:
absolve, adjourned, affirmative, Aid, Alexandria, Arcadia, argument, Article, Bailly, began, burden, Calland, carryback, CemeteryEndowment, central, certainty, Certificate, closure, consultant, cover, Creation, curtailment, database, Decisionde, deficiency, DisclosuresAbout, disposition, disrupt, disrupted, distancing, downturn, duly, Eide, enabled, enacted, enactment, entitled, EquitySecuritiesand, equivalent, ESOP, faith, formal, frequently, Garrett, gave, global, globally, heightening, herewith, hod, ifany, immediatede, ImpairedMortgage, inapplicable, inappropriate, Incentive, indemnitee, indemnity, installation, Jena, LA, lack, licensed, LLP, logging, login, Mackey, magistrate, Mecham, met, million, Minden, mission, Mississippi, misstatement, monetary, notably, notification, novoreview, Oklahoma, older, omitted, opportunity, oral, Organization, outbreak, Ownership, page, pandemic, pending, permanent, perpetual, pledged, predict, pretrial, prevail, preventive, proactively, prove, Proxy, published, PutOption, Qualitative, quarantine, Quist, rapidly, recapture, Recommendation, Registrant, Registration, remediate, remediated, remedy, remote, respond, restated, revised, Safety, Schedule, scheduled, scheduling, Scott, Section, sector, Seeaccompanying, segregation, shareholder, shortly, Shreveport, Sill, social, software, spread, standing, strong, subdivision, submitted, supplement, temporarily, testing, thatde, thereunto, threat, travel, uncertain, undersigned, unique, utmost, valuesbecause, view, world, worldwide
Removed:
achieved, adjacent, approach, approximated, bearing, begun, brokerage, comparison, complex, Creek, deemed, deposited, desirable, Dinapoli, Dry, East, Endowment, factoring, feet, forma, irrevocable, liquidating, mixture, Notwithstanding, preneed, pro, receivable, reduce, representing, restaurant, restructure, square, sum, Tennessee, unacceptable, uncollected, Union, Village, yielding
Financial reports
10-Q
2020 Q1
Quarterly report
15 May 20
10-K
2019 FY
Annual report
30 Mar 20
10-Q
2019 Q3
Quarterly report
14 Nov 19
10-Q
2019 Q2
Quarterly report
14 Aug 19
10-Q
2019 Q1
Quarterly report
15 May 19
10-K
2018 FY
Annual report
29 Mar 19
10-Q
2018 Q3
Quarterly report
13 Nov 18
10-Q
2018 Q2
Quarterly report
14 Aug 18
10-Q
2018 Q1
Quarterly report
15 May 18
10-K
2017 FY
Annual report
2 Apr 18
Current reports
8-K
Other Events
30 Jun 20
8-K
Submission of Matters to a Vote of Security Holders
30 Jun 20
8-K
Other Events
29 Jun 20
8-K/A
Consolidated Statement of Assets Acquired and Liabilities Assumed
26 Feb 20
8-K
Other Events
20 Dec 19
8-K
Entry into a Material Definitive Agreement
12 Nov 19
8-K
Submission of Matters to a Vote of Security Holders
2 Jul 19
8-K
Other Events
28 Feb 19
8-K
Other Events
10 Sep 18
8-K
Submission of Matters to a Vote of Security Holders
11 Jul 18
Registration and prospectus
S-8
Registration of securities for employees
3 Jun 19
S-8
Registration of securities for employees
7 Sep 16
S-8
Registration of securities for employees
20 Oct 15
S-8
Registration of securities for employees
27 Dec 12
S-3/A
Shelf registration (amended)
17 Jan 96
S-3/A
Shelf registration (amended)
25 Oct 95
S-3
Shelf registration
11 Sep 95
Proxies
DEFA14A
Additional proxy soliciting materials
20 May 20
DEF 14A
Definitive proxy
15 May 20
DEFA14A
Additional proxy soliciting materials
30 May 19
DEF 14A
Definitive proxy
16 May 19
DEF 14A
Definitive proxy
17 May 18
DEF 14A
Definitive proxy
19 May 17
DEFR14A
Revised proxy
19 May 17
DEF 14A
Definitive proxy
1 Jun 16
PRE 14A
Preliminary proxy
18 May 16
DEF 14A
Definitive proxy
27 May 15
Other
UPLOAD
Letter from SEC
5 Dec 11
CORRESP
Correspondence with SEC
5 May 11
UPLOAD
Letter from SEC
22 Feb 11
UPLOAD
Letter from SEC
22 Feb 11
CORRESP
Correspondence with SEC
17 Feb 11
CORRESP
Correspondence with SEC
7 Jan 11
CORRESP
Correspondence with SEC
23 Dec 10
CORRESP
Correspondence with SEC
10 Sep 10
CORRESP
Correspondence with SEC
31 Aug 10
CORRESP
Correspondence with SEC
19 Aug 10
Ownership
4
SECURITY NATIONAL FINANCIAL / Jason G. Overbaugh ownership change
12 Jun 20
4
SECURITY NATIONAL FINANCIAL / Adam George Quist ownership change
12 Jun 20
4
SECURITY NATIONAL FINANCIAL / H. CRAIG MOODY ownership change
11 Jun 20
4
SECURITY NATIONAL FINANCIAL / S. Andrew Quist ownership change
11 Jun 20
4
SECURITY NATIONAL FINANCIAL / SCOTT M QUIST ownership change
11 Jun 20
4
SECURITY NATIONAL FINANCIAL / Stephen Charles Johnson ownership change
10 Jun 20
4
SECURITY NATIONAL FINANCIAL / Jeffrey Russell Stephens ownership change
9 Jun 20
4/A
SECURITY NATIONAL FINANCIAL / Garrett S. Sill ownership change
9 Jun 20
4
SECURITY NATIONAL FINANCIAL / Garrett S. Sill ownership change
9 Jun 20
4/A
SECURITY NATIONAL FINANCIAL / Norman G Wilbur ownership change
4 Jun 20