Great West Life Assurance Co. Can grew its stake in shares of Service Co. International (NYSE:SCI) by 11.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 142,093 shares of the company’s stock after purchasing an additional 15,071 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.08% of Service Co. International worth $5,402,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Lavaca Capital LLC acquired a new stake in Service Co. International during the fourth quarter worth approximately $28,000. Parkside Financial Bank & Trust purchased a new position in shares of Service Co. International during the fourth quarter worth approximately $35,000. Lloyds Banking Group plc purchased a new position in shares of Service Co. International during the fourth quarter worth approximately $47,000. Enlightenment Research LLC purchased a new position in shares of Service Co. International during the fourth quarter worth approximately $60,000. Finally, Honkamp Krueger Financial Services Inc. purchased a new position in shares of Service Co. International during the third quarter worth approximately $107,000. 87.80% of the stock is currently owned by institutional investors.
In related news, Director Tony Coelho sold 6,325 shares of Service Co. International stock in a transaction 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 directly owns 61,750 shares in the company, valued at approximately $2,448,387.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Sumner J. Waring III sold 95,100 shares of Service Co. International stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $42.65, for a total transaction of $4,056,015.00. Following the completion of the transaction, the vice president now owns 428,631 shares in the company, valued at $18,281,112.15. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,322,555 shares of company stock worth $55,091,685. Insiders own 6.60% of the company’s stock.
Shares of SCI opened at $39.08 on Friday. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.55 and a current ratio of 0.60. The company has a market cap of $7.09 billion, a PE ratio of 21.83, a price-to-earnings-growth ratio of 1.84 and a beta of 1.07. Service Co. International has a 12-month low of $35.19 and a 12-month high of $47.09.
Service Co. International (NYSE:SCI) last announced its earnings results on Monday, February 18th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). The business had revenue of $820.81 million for the quarter, compared to analysts’ expectations of $843.45 million. Service Co. International had a return on equity of 21.92% and a net margin of 14.02%. The business’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $0.50 earnings per share. Analysts anticipate that Service Co. International will post 1.93 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, March 14th. This is a positive change from Service Co. International’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.84%. Service Co. International’s dividend payout ratio (DPR) is 37.99%.
SCI has been the topic of a number of research reports. Zacks Investment Research restated a “sell” rating on shares of Service Co. International in a research report on Monday, December 31st. ValuEngine lowered shares of Service Co. International from a “buy” rating to a “hold” rating in a research report on Monday, March 11th. Finally, Raymond James lowered shares of Service Co. International from a “strong-buy” rating to an “outperform” rating in a research report on Wednesday, February 20th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $46.75.
Service Co. International Company 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.
Recommended Story: Momentum Investing
Receive News & Ratings for Service Co. International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Service Co. International and related companies with MarketBeat.com's FREE daily email newsletter.