Service Co. International (SCI) Stake Raised by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY lifted its position in Service Co. International (NYSE:SCI) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,911 shares of the company’s stock after acquiring an additional 277 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Service Co. International were worth $2,251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Private Advisor Group LLC bought a new position in Service Co. International during the 3rd quarter valued at $327,000. Wells Fargo & Company MN boosted its holdings in shares of Service Co. International by 0.8% during the third quarter. Wells Fargo & Company MN now owns 326,354 shares of the company’s stock worth $14,425,000 after purchasing an additional 2,575 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Service Co. International by 21.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 9,202 shares of the company’s stock worth $407,000 after purchasing an additional 1,628 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Service Co. International by 54.1% during the third quarter. Commonwealth Equity Services LLC now owns 13,202 shares of the company’s stock worth $583,000 after purchasing an additional 4,633 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Service Co. International by 1.8% during the third quarter. JPMorgan Chase & Co. now owns 451,313 shares of the company’s stock worth $19,947,000 after purchasing an additional 8,190 shares during the period. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Tony Coelho sold 6,325 shares of Service Co. International stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $39.65, for a total value of $250,786.25. Following the transaction, the director now owns 61,750 shares of the company’s stock, valued at $2,448,387.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael R. Webb sold 323,565 shares of the business’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $41.65, for a total transaction of $13,476,482.25. Following the transaction, the insider now directly owns 476,253 shares in the company, valued at approximately $19,835,937.45. The disclosure for this sale can be found here. In the last three months, insiders sold 1,322,555 shares of company stock worth $55,091,685. Insiders own 6.60% of the company’s stock.

A number of analysts have issued reports on the stock. ValuEngine cut shares of Service Co. International from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. Zacks Investment Research upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a research note on Tuesday, March 26th. Finally, Raymond James cut shares of Service Co. International from a “strong-buy” rating to an “outperform” rating in a research note on Wednesday, February 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Service Co. International presently has a consensus rating of “Hold” and an average target price of $46.75.

Shares of NYSE:SCI traded up $0.31 during trading on Monday, reaching $42.17. The stock had a trading volume of 980,273 shares, compared to its average volume of 1,159,633. Service Co. International has a 52 week low of $35.19 and a 52 week high of $47.09. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 23.56, a P/E/G ratio of 1.92 and a beta of 1.06. The company has a quick ratio of 0.55, a current ratio of 0.60 and a debt-to-equity ratio of 2.15.

Service Co. International (NYSE:SCI) last released its quarterly earnings results on Monday, February 18th. The company reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.02). Service Co. International had a net margin of 14.02% and a return on equity of 21.92%. The firm had revenue of $820.81 million during the quarter, compared to the consensus estimate of $843.45 million. During the same period in the prior year, the business earned $0.50 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. Research analysts predict that Service Co. International will post 1.93 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.18 dividend. This is a positive change from Service Co. International’s previous quarterly dividend of $0.17. The ex-dividend date was Thursday, March 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.71%. Service Co. International’s dividend payout ratio (DPR) is currently 40.22%.

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Service Co. International Profile

Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.

Read More: Quiet Period Expirations

Institutional Ownership by Quarter for Service Co. International (NYSE:SCI)

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