Swiss Life Asset Management Ltd Has $402,000 Stock Holdings in SEI Investments Company $SEIC

Key Points

• Swiss Life Asset Management Ltd trimmed its stake in SEI Investments by 87.0% in Q3, selling 31,568 shares and ending the quarter with 4,733 shares valued at $402,000.
• Significant insider selling has occurred recently — CEO Ryan Hicke sold 80,000 shares and the chairman sold 7,447 shares, with insiders disposing of 146,447 shares worth $12.32 million over the past 90 days, though insiders still own 14.60% of the company.
• Wall Street sentiment is generally positive (average rating "Moderate Buy" with an average target of $109.67); SEI trades at a market cap of $9.44B and a P/E of 13.71 after reporting 9.1% revenue growth and a slight EPS miss in the last quarter.

Swiss Life Asset Management Ltd trimmed its holdings in shares of SEI Investments Company (NASDAQ:SEIC - Free Report) by 87.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,733 shares of the asset manager's stock after selling 31,568 shares during the quarter. Swiss Life Asset Management Ltd's holdings in SEI Investments were worth $402,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Polar Asset Management Partners Inc. raised its stake in shares of SEI Investments by 312.1% during the third quarter. Polar Asset Management Partners Inc. now owns 49,043 shares of the asset manager's stock valued at $4,161,000 after acquiring an additional 37,143 shares during the last quarter. Vermillion & White Wealth Management Group LLC grew its stake in shares of SEI Investments by 637.3% in the third quarter. Vermillion & White Wealth Management Group LLC now owns 612 shares of the asset manager's stock worth $52,000 after purchasing an additional 529 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in SEI Investments by 353.1% in the third quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager's stock valued at $37,000 after purchasing an additional 339 shares during the period. Prana Capital Management LP raised its position in SEI Investments by 60.8% during the 3rd quarter. Prana Capital Management LP now owns 711,311 shares of the asset manager's stock worth $60,355,000 after purchasing an additional 269,023 shares during the last quarter. Finally, Captrust Financial Advisors raised its position in SEI Investments by 1.9% during the 3rd quarter. Captrust Financial Advisors now owns 21,887 shares of the asset manager's stock worth $1,857,000 after purchasing an additional 417 shares during the last quarter. 70.59% of the stock is currently owned by institutional investors and hedge funds.

SEI Investments Stock Performance

Shares of SEIC opened at $77.20 on Thursday. The company has a current ratio of 3.29, a quick ratio of 3.20 and a debt-to-equity ratio of 0.04. The firm's fifty day simple moving average is $82.08 and its two-hundred day simple moving average is $82.93. SEI Investments Company has a 12 month low of $64.66 and a 12 month high of $93.96. The stock has a market capitalization of $9.44 billion, a P/E ratio of 13.71 and a beta of 0.96.

SEI Investments (NASDAQ:SEIC - Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The asset manager reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.04). The business had revenue of $607.93 million during the quarter, compared to the consensus estimate of $596.97 million. SEI Investments had a return on equity of 30.26% and a net margin of 31.14%.The business's revenue was up 9.1% on a year-over-year basis. During the same period last year, the business posted $1.19 earnings per share. As a group, analysts predict that SEI Investments Company will post 4.86 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Piper Sandler reiterated an "overweight" rating and issued a $106.00 price target on shares of SEI Investments in a research report on Friday, February 20th. Morgan Stanley raised their price objective on SEI Investments from $115.00 to $117.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 6th. Keefe, Bruyette & Woods lifted their price objective on SEI Investments from $97.00 to $102.00 and gave the stock an "outperform" rating in a research note on Thursday, January 8th. UBS Group assumed coverage on SEI Investments in a report on Wednesday, February 4th. They issued a "buy" rating and a $115.00 target price on the stock. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of SEI Investments in a research report on Thursday, January 22nd. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, SEI Investments currently has an average rating of "Moderate Buy" and an average target price of $109.67.

Insider Buying and Selling

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 7,447 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $79.26, for a total transaction of $590,249.22. Following the transaction, the chairman directly owned 6,875,783 shares in the company, valued at approximately $544,974,560.58. This represents a 0.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Hicke sold 80,000 shares of the firm's stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $87.36, for a total transaction of $6,988,800.00. Following the sale, the chief executive officer directly owned 197,164 shares of the company's stock, valued at approximately $17,224,247.04. This trade represents a 28.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 146,447 shares of company stock valued at $12,318,659 over the last 90 days. Company insiders own 14.60% of the company's stock.

SEI Investments Profile

SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI's technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company's core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.

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