Service Co. International (NYSE:SCI) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its position in shares of Service Co. International (NYSE:SCI) by 3.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,730 shares of the company’s stock after selling 4,752 shares during the period. The Manufacturers Life Insurance Company owned 0.08% of Service Co. International worth $9,371,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Inspire Investing LLC raised its stake in shares of Service Co. International by 3.1% during the second quarter. Inspire Investing LLC now owns 4,969 shares of the company’s stock worth $353,000 after purchasing an additional 148 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Service Co. International by 14.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,226 shares of the company’s stock valued at $87,000 after buying an additional 151 shares during the period. UMB Bank n.a. boosted its stake in shares of Service Co. International by 7.8% in the third quarter. UMB Bank n.a. now owns 2,167 shares of the company’s stock valued at $171,000 after buying an additional 156 shares in the last quarter. Larson Financial Group LLC grew its holdings in Service Co. International by 5.6% during the second quarter. Larson Financial Group LLC now owns 3,020 shares of the company’s stock worth $215,000 after acquiring an additional 159 shares during the period. Finally, HB Wealth Management LLC raised its position in Service Co. International by 3.5% in the second quarter. HB Wealth Management LLC now owns 4,894 shares of the company’s stock worth $348,000 after acquiring an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Service Co. International Stock Performance

Service Co. International stock opened at $87.91 on Wednesday. The stock has a fifty day moving average price of $80.94 and a 200 day moving average price of $76.71. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.91. Service Co. International has a 52 week low of $61.38 and a 52 week high of $89.37. The firm has a market capitalization of $12.71 billion, a P/E ratio of 25.56, a PEG ratio of 2.57 and a beta of 0.85.

Service Co. International (NYSE:SCI) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.78 EPS. Equities research analysts anticipate that Service Co. International will post 3.51 earnings per share for the current year.

Service Co. International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Friday, December 13th. This is an increase from Service Co. International’s previous quarterly dividend of $0.30. Service Co. International’s dividend payout ratio (DPR) is currently 34.88%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Truist Financial lifted their price objective on Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Raymond James increased their target price on Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, StockNews.com downgraded Service Co. International from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $85.25.

Insider Buying and Selling

In related news, VP Elisabeth G. Nash sold 56,100 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $86.13, for a total value of $4,831,893.00. Following the completion of the transaction, the vice president now owns 109,260 shares of the company’s stock, valued at approximately $9,410,563.80. This represents a 33.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Tony Coelho sold 2,555 shares of Service Co. International stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $85.64, for a total value of $218,810.20. Following the sale, the director now owns 53,324 shares in the company, valued at $4,566,667.36. This represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 108,655 shares of company stock valued at $9,356,203. Company insiders own 4.60% of the company’s stock.

Service Co. International Profile

Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services.