CANADA LIFE ASSURANCE Co decreased its position in Service Co. International (NYSE:SCI - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 135,497 shares of the company's stock after selling 6,311 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.09% of Service Co. International worth $10,813,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of SCI. SBI Securities Co. Ltd. bought a new position in Service Co. International in the 4th quarter worth $25,000. Mizuho Bank Ltd. bought a new position in shares of Service Co. International in the fourth quarter worth about $40,000. Resona Asset Management Co. Ltd. purchased a new stake in shares of Service Co. International during the fourth quarter worth about $40,000. Vision Financial Markets LLC purchased a new position in Service Co. International in the 4th quarter worth approximately $52,000. Finally, Whipplewood Advisors LLC bought a new position in Service Co. International in the 4th quarter worth approximately $60,000. Institutional investors own 85.53% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Service Co. International from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Service Co. International currently has a consensus rating of "Moderate Buy" and an average target price of $88.50.
Read Our Latest Analysis on Service Co. International
Service Co. International Price Performance
NYSE:SCI traded down $0.47 during trading hours on Friday, reaching $78.48. The stock had a trading volume of 1,100,931 shares, compared to its average volume of 1,039,482. The stock has a market capitalization of $11.31 billion, a PE ratio of 22.11, a PEG ratio of 1.90 and a beta of 0.81. Service Co. International has a 52 week low of $67.19 and a 52 week high of $89.37. The company has a 50 day moving average price of $78.80 and a two-hundred day moving average price of $80.15. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.48 and a current ratio of 0.52.
Service Co. International (NYSE:SCI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. As a group, sell-side analysts anticipate that Service Co. International will post 3.84 earnings per share for the current fiscal year.
Service Co. International Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.32 per share. This is a boost from Service Co. International's previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Friday, March 14th. Service Co. International's payout ratio is presently 36.06%.
Insider Buying and Selling at Service Co. International
In related news, Director Tony Coelho sold 6,500 shares of Service Co. International stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $79.29, for a total transaction of $515,385.00. Following the completion of the transaction, the director now directly owns 46,824 shares of the company's stock, valued at approximately $3,712,674.96. The trade was a 12.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas L. Ryan sold 50,000 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $84.56, for a total transaction of $4,228,000.00. Following the transaction, the chief executive officer now owns 982,333 shares in the company, valued at $83,066,078.48. The trade was a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.40% of the company's stock.
Service Co. International Profile
(
Free Report)
Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.
Further Reading
Before you consider Service Co. International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Service Co. International wasn't on the list.
While Service Co. International currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
