MetLife Investment Management LLC Sells 1,417 Shares of Service Co. International (NYSE:SCI)

MetLife Investment Management LLC decreased its position in shares of Service Co. International (NYSE:SCI) by 1.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,206 shares of the company’s stock after selling 1,417 shares during the period. MetLife Investment Management LLC’s holdings in Service Co. International were worth $5,936,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SCI. nVerses Capital LLC lifted its position in shares of Service Co. International by 100.0% in the second quarter. nVerses Capital LLC now owns 400 shares of the company’s stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. Blue Trust Inc. lifted its holdings in Service Co. International by 121.9% in the 2nd quarter. Blue Trust Inc. now owns 708 shares of the company’s stock worth $53,000 after purchasing an additional 389 shares in the last quarter. Waldron Private Wealth LLC bought a new position in Service Co. International in the 3rd quarter worth approximately $57,000. Quarry LP grew its holdings in Service Co. International by 258.6% during the 2nd quarter. Quarry LP now owns 789 shares of the company’s stock valued at $56,000 after buying an additional 569 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Service Co. International by 36.8% during the third quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock valued at $73,000 after buying an additional 249 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Insider Activity

In other Service Co. International news, Director Tony Coelho sold 2,555 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total value of $218,810.20. Following the completion of the sale, the director now owns 53,324 shares of the company’s stock, valued at $4,566,667.36. This trade represents a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Elisabeth G. Nash sold 56,100 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $86.13, for a total value of $4,831,893.00. Following the transaction, the vice president now owns 109,260 shares of the company’s stock, valued at $9,410,563.80. This trade represents a 33.93 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,655 shares of company stock valued at $9,356,203. 5.10% of the stock is currently owned by insiders.

Service Co. International Price Performance

Service Co. International stock opened at $88.59 on Friday. Service Co. International has a 52-week low of $60.65 and a 52-week high of $89.37. The company has a market cap of $12.81 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 2.59 and a beta of 0.83. The firm’s fifty day moving average is $80.60 and its 200 day moving average is $76.42. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.91.

Service Co. International (NYSE:SCI) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, meeting analysts’ consensus estimates of $0.79. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 EPS. Sell-side analysts forecast that Service Co. International will post 3.51 EPS for the current fiscal year.

Service Co. International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.31 dividend. This is a boost from Service Co. International’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, December 13th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.40%. Service Co. International’s payout ratio is 34.88%.

Wall Street Analyst Weigh In

SCI has been the subject of a number of research reports. StockNews.com lowered shares of Service Co. International from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Truist Financial raised their price objective on Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Raymond James lifted their target price on Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Service Co. International has an average rating of “Moderate Buy” and a consensus price target of $85.25.

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.