Founded in 1965, Security National Financial Corporation operates in three business segments. The Company sells and services selected lines of life insurance, annuity products, and accident and health insurance, operates cemeteries in Utah and California and mortuaries in Utah and Arizona, and originates and underwrites residential and commercial loans for new construction and existing homes.
Company profile
Ticker
SNFCA
Exchange
Website
CEO
Scott M. Quist
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Security National Life Insurance Company • Reppond Holding Company • First Guaranty Insurance Company • Kilpatrick Life Insurance Company • Kilpatrick Financial, Inc. • Southern Security Life Insurance Company, Inc. • Trans-Western Life Insurance Company • SN Farmington LLC • 434 Holdings LLC • 5300 Development LLC ...
IRS number
870345941
SNFCA stock data
Press releases
Calendar
15 Aug 22
19 Aug 22
31 Dec 22
Financial summary
| Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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| Revenue | |||||
| Cost of revenue | |||||
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 142.41M | 142.41M | 142.41M | 142.41M | 142.41M | 142.41M |
| Cash burn (monthly) | 4.84M | 1.47M | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 8.13M | 2.47M | n/a | n/a | n/a | n/a |
| Cash remaining | 134.27M | 139.93M | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 27.7 | 95.2 | n/a | n/a | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 21 Jun 22 | Stephens Jeffrey Russell | Class A Common Stock | Option exercise | Acquire M | No | No | 8.44 | 10,819 | 91.31K | 18,583 |
| 13 Apr 22 | Hunter Robert Gail | Director Stock Option Class A Common Stock | Option exercise | Dispose M | No | No | 0.96 | 7,952 | 7.63K | 7,952 |
| 6 Apr 22 | Moody H. Craig | Class A Common Stock | Option exercise | Acquire M | No | No | 10.01 | 8,054 | 80.62K | 31,448 |
| 21 Mar 22 | Hunter Robert Gail | Class A Common Stock | Option exercise | Acquire M | No | No | 10.25 | 7,207 | 73.87K | 38,754 |
| 11 Feb 22 | Quist S. Andrew | Class A Common Stock | Option exercise | Acquire M | No | No | 9.89 | 23,852 | 235.9K | 31,680 |
| 24 Jan 22 | Overbaugh Jason G. | Class A Common Stock | Gift | Dispose G | No | No | 9.46 | 5,000 | 47.3K | 94,063 |
| 3 Dec 21 | Stephens Jeffrey Russell | Employee Stock Option Class A Common Stock | Grant | Acquire A | No | No | 8.62 | 7,500 | 64.65K | 7,500 |
| 3 Dec 21 | Moody H. Craig | Director Stock Option Class A Common Stock | Grant | Acquire A | No | No | 8.62 | 6,000 | 51.72K | 6,000 |
| 3 Dec 21 | Hunter Robert Gail | Director Stock Option Class A Common Stock | Grant | Acquire A | No | No | 8.62 | 6,000 | 51.72K | 6,000 |
| 3 Dec 21 | Quist S. Andrew | Employee Stock Option Class C Common Stock | Grant | Acquire A | No | No | 8.62 | 60,000 | 517.2K | 60,000 |
Institutional ownership, Q2 2022
11.6% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 28 |
| Opened positions | 2 |
| Closed positions | 1 |
| Increased positions | 16 |
| Reduced positions | 8 |
| 13F shares | Current |
|---|---|
| Total value | 60.78M |
| Total shares | 8.79M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Soltis Investment Advisors | 2.91M | $24.61M |
| M3F | 1.86M | $15.76M |
| M3 Partners | 1.75M | $0 |
| Vanguard | 521.37K | $4.41M |
| Dimensional Fund Advisors | 340.09K | $2.88M |
| Bridgeway Capital Management | 320K | $2.71M |
| Renaissance Technologies | 246.51K | $2.09M |
| Carlson Capital L P | 178.32K | $1.51M |
| Verdad Advisers | 147K | $1.24M |
| Geode Capital Management | 146.78K | $1.24M |
Financial report summary
?Management Discussion
- Total revenues decreased by $10,768,000, or 2.2%, to $470,695,000 for 2021 from $481,463,000 for the fiscal year 2020. Contributing to this decrease in total revenues was a $35,515,000 decrease in mortgage fee income. This decrease in total revenues was offset by a $7,234,000 increase in insurance premiums and other considerations, a $7,218,000 increase in other revenues, a $4,339,000 increase in gains on investments and other assets, a $3,690,000 increase in net cemetery and mortuary sales, a $1,935,000 increase in net investment income, and a $331,000 decrease in other than temporary impairments.
Content analysis
?| Positive | ||
| Negative | ||
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| Legalese | ||
| Litigous | ||
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H.S. sophomore Bad
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New words:
curtailed, inflation, ix, Nasdaq, nil, rapid, secondarily, SOFR, vii, viii, xi
Financial reports
Current reports
8-K
Submission of Matters to a Vote of Security Holders
23 Jun 22
8-K
Other Events
21 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
29 Jun 21
8-K
Other Events
28 Jun 21
8-K
Entry into a Material Definitive Agreement
4 Feb 21
8-K
Other Events
7 Dec 20
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
Registration and prospectus
S-8
Registration of securities for employees
29 Jul 22
S-8
Registration of securities for employees
3 Jun 19
S-8
Registration of securities for employees
6 Sep 16
S-8
Registration of securities for employees
19 Oct 15
S-8
Registration of securities for employees
26 Dec 12
S-3/A
Shelf registration (amended)
24 Oct 95
S-3
Shelf registration
10 Sep 95
Other
UPLOAD
Letter from SEC
4 Dec 11
CORRESP
Correspondence with SEC
4 May 11
UPLOAD
Letter from SEC
21 Feb 11
UPLOAD
Letter from SEC
21 Feb 11
CORRESP
Correspondence with SEC
16 Feb 11
CORRESP
Correspondence with SEC
6 Jan 11
CORRESP
Correspondence with SEC
22 Dec 10
CORRESP
Correspondence with SEC
9 Sep 10
CORRESP
Correspondence with SEC
30 Aug 10
CORRESP
Correspondence with SEC
18 Aug 10
Ownership
4
SECURITY NATIONAL FINANCIAL / Jeffrey Russell Stephens ownership change
22 Jun 22
4
SECURITY NATIONAL FINANCIAL / H. CRAIG MOODY ownership change
12 Apr 22
4
SECURITY NATIONAL FINANCIAL / Robert Gail Hunter ownership change
22 Mar 22
4
SECURITY NATIONAL FINANCIAL / S. Andrew Quist ownership change
16 Feb 22
5
SECURITY NATIONAL FINANCIAL / Adam George Quist ownership change
15 Feb 22
SC 13G/A
SECURITY NATIONAL FINANCIAL / M3 PARTNERS ownership change
14 Feb 22
5
SECURITY NATIONAL FINANCIAL / H. CRAIG MOODY ownership change
10 Feb 22
5
SECURITY NATIONAL FINANCIAL / Jeffrey Russell Stephens ownership change
10 Feb 22
5
SECURITY NATIONAL FINANCIAL / Stephen Charles Johnson ownership change
9 Feb 22
5
SECURITY NATIONAL FINANCIAL / Robert Gail Hunter ownership change
7 Feb 22
Reddit threads
Daily Discussion Thread - August 15th, 2022
15 Aug 22
Daily Discussion Thread - August 12th, 2022
12 Aug 22
Daily Discussion Thread - June 30th, 2022
30 Jun 22
Daily Discussion Thread - June 29th, 2022
29 Jun 22
Daily Discussion Thread - June 28th, 2022
28 Jun 22
Daily Discussion Thread - June 27th, 2022
27 Jun 22
Daily Discussion Thread - May 16th, 2022
16 May 22
Daily Discussion Thread - May 13th, 2022
13 May 22
Daily Discussion Thread - March 30th, 2022
30 Mar 22
Daily Discussion Thread - March 29th, 2022
29 Mar 22