Security National Financial Corporation set to join Russell 3000® Index

Rhea-AI Summary

Security National Financial Corporation (SNFCA) has been included in the Russell 3000 Index effective June 29, 2020. This inclusion, determined by market capitalization rankings, signifies a milestone in the company's growth and stability as it aims to provide strong returns for investors. The Russell 3000 comprises the 4,000 largest U.S. stocks, and membership offers visibility among investment managers, with around $9 trillion in assets benchmarked against these indexes. SNFCA operates in insurance, cemetery, mortuary, and loan underwriting sectors, enhancing its financial stability.

Positive

• Inclusion in the Russell 3000 Index enhances visibility and credibility among investors.
• Membership signifies strong market capitalization, indicative of company growth.
• Access to institutional investors managing approximately $9 trillion in assets.

Negative

• None.

MURRAY, Utah, June 29, 2020 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFCA) joined the broad-market Russell 3000^® Index at the conclusion of the 2020 Russell indexes annual reconstitution, effective after the US market opens today.

Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 8, ranking them by total market capitalization. Membership in the US all-cap Russell 3000^® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000^® Index or small-cap Russell 2000^® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

Scott Quist, President and Chairman of the Board for Security National Corporation, stated, “Security National has always strived to provide strong returns for our investors and provide an investment vehicle that is stable. Since the Company went public in 1987 we feel it has succeeded in that endeavor. The acceptance into the Russell 3000 is evidence of that.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $9 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell 3000^® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

About Security National Financial Corporation:

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.

About FTSE Russell:
FTSE Russell is a leading global index provider creating and managing a wide range of indexes, data and analytic solutions to meet client needs across asset classes, style and strategies. Covering 98% of the investable market, FTSE Russell indexes offer a true picture of global markets, combined with the specialist knowledge gained from developing local benchmarks around the world.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $16 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create investment funds, ETFs, structured products and index-based derivatives. FTSE Russell indexes also provide clients with tools for asset allocation, investment strategy analysis and risk management.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on index innovation and customer partnership applying the highest industry standards and embracing the IOSCO Principles. FTSE Russell is wholly owned by London Stock Exchange Group.

For more information, visit www.ftserussell.com
Contact: Brian Nelsen or Garrett S. Sill
Security National Financial Corporation
P.O. Box 57250
Salt Lake City, Utah 84157
(Telephone) (801) 264-1060
(Fax) (801) 265-9882
Website:  www.securitynational.com

FAQ

What does Security National Financial Corporation's inclusion in the Russell 3000 Index mean for SNFCA?

Inclusion in the Russell 3000 Index increases SNFCA's visibility and credibility, potentially attracting more investors and facilitating growth.

When did SNFCA join the Russell 3000 Index?

Security National Financial Corporation officially joined the Russell 3000 Index on June 29, 2020.

What is the significance of the Russell 3000 Index for investors?

The Russell 3000 Index is used by investment managers as a benchmark, influencing investment strategies and providing insights into large and small-cap stocks.

How does being part of the Russell 3000 Index impact SNFCA's stock performance?

Being part of the Russell 3000 Index may positively impact SNFCA's stock performance by attracting institutional investment and enhancing market recognition.