Man Group plc Has $1.29 Million Stock Position in Service Co. International (NYSE:SCI)

Man Group plc lifted its stake in Service Co. International (NYSE:SCI - Free Report) by 177.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,217 shares of the company's stock after purchasing an additional 10,371 shares during the quarter. Man Group plc's holdings in Service Co. International were worth $1,294,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Nomura Holdings Inc. acquired a new position in shares of Service Co. International in the 4th quarter valued at $1,532,000. Occudo Quantitative Strategies LP purchased a new stake in Service Co. International in the 4th quarter worth about $595,000. Millennium Management LLC lifted its stake in Service Co. International by 19,170.2% in the 4th quarter. Millennium Management LLC now owns 333,157 shares of the company's stock worth $26,593,000 after acquiring an additional 334,904 shares in the last quarter. Gotham Asset Management LLC lifted its stake in Service Co. International by 6.4% in the 4th quarter. Gotham Asset Management LLC now owns 114,182 shares of the company's stock worth $9,114,000 after acquiring an additional 6,892 shares in the last quarter. Finally, Focus Partners Wealth purchased a new stake in Service Co. International in the 4th quarter worth about $818,000. Institutional investors and hedge funds own 85.53% of the company's stock.

Service Co. International Stock Down 0.1%

Shares of SCI traded down $0.06 during midday trading on Thursday, reaching $76.99. 187,285 shares of the stock were exchanged, compared to its average volume of 1,063,123. Service Co. International has a 12-month low of $68.82 and a 12-month high of $89.37. The firm has a 50 day simple moving average of $77.60 and a 200-day simple moving average of $79.89. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.83. The company has a market cap of $10.96 billion, a price-to-earnings ratio of 21.69, a P/E/G ratio of 1.90 and a beta of 0.96.

Service Co. International (NYSE:SCI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.05. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the business earned $0.89 EPS. The business's quarterly revenue was up 2.8% on a year-over-year basis. Research analysts forecast that Service Co. International will post 3.84 EPS for the current year.

Service Co. International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, June 13th. Service Co. International's dividend payout ratio (DPR) is presently 35.16%.

Insider Transactions at Service Co. International

In related news, Director Tony Coelho sold 6,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $79.29, for a total value of $515,385.00. Following the transaction, the director now directly owns 46,824 shares of the company's stock, valued at approximately $3,712,674.96. This trade represents a 12.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas L. Ryan sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $84.56, for a total value of $4,228,000.00. Following the completion of the transaction, the chief executive officer now directly 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. Insiders sold 61,900 shares of company stock valued at $5,153,461 in the last three months. Corporate insiders own 4.40% of the company's stock.

Wall Street Analysts Forecast Growth

SCI has been the subject of several research analyst reports. UBS Group reduced their price objective on Service Co. International from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Wall Street Zen raised Service Co. International from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $89.25.

About Service Co. International

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.