Service Co. International (NYSE:SCI) Position Raised by Atomi Financial Group Inc.

Atomi Financial Group Inc. increased its position in shares of Service Co. International (NYSE:SCI) by 10.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,538 shares of the company’s stock after purchasing an additional 834 shares during the period. Atomi Financial Group Inc.’s holdings in Service Co. International were worth $682,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCI. FMR LLC increased its holdings in shares of Service Co. International by 300.6% in the third quarter. FMR LLC now owns 4,055,823 shares of the company’s stock valued at $320,126,000 after buying an additional 3,043,354 shares in the last quarter. Select Equity Group L.P. increased its holdings in shares of Service Co. International by 53.5% in the second quarter. Select Equity Group L.P. now owns 7,239,783 shares of the company’s stock valued at $514,966,000 after buying an additional 2,524,795 shares in the last quarter. Verition Fund Management LLC increased its holdings in shares of Service Co. International by 2,527.9% in the third quarter. Verition Fund Management LLC now owns 293,329 shares of the company’s stock valued at $23,152,000 after buying an additional 282,167 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Service Co. International by 646.5% in the second quarter. Millennium Management LLC now owns 267,860 shares of the company’s stock valued at $19,053,000 after buying an additional 231,980 shares in the last quarter. Finally, Premier Fund Managers Ltd increased its holdings in shares of Service Co. International by 23.9% in the third quarter. Premier Fund Managers Ltd now owns 1,093,723 shares of the company’s stock valued at $85,721,000 after buying an additional 210,802 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

SCI has been the topic of several research analyst reports. StockNews.com upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Raymond James lifted their price objective on shares of Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Oppenheimer lifted their price objective on shares of Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Truist Financial boosted their price target on shares of Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $88.50.

Service Co. International Trading Up 0.5 %

Service Co. International stock opened at $77.43 on Friday. The company’s fifty day simple moving average is $82.59 and its 200-day simple moving average is $79.07. 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 has a 12 month low of $64.10 and a 12 month high of $89.37. The stock has a market cap of $11.20 billion, a P/E ratio of 22.51, a P/E/G ratio of 2.04 and a beta of 0.87.

Service Co. International (NYSE:SCI) last released 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. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the business earned $0.78 EPS. Service Co. International’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Service Co. International will post 3.51 EPS for the current fiscal year.

Service Co. International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Friday, December 13th. This is a positive change from Service Co. International’s previous quarterly dividend of $0.30. Service Co. International’s payout ratio is presently 34.88%.

Insider Activity at Service Co. International

In other Service Co. International news, CEO Thomas L. Ryan sold 50,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $86.11, for a total transaction of $4,305,500.00. Following the completion of the transaction, the chief executive officer now owns 982,333 shares of the company’s stock, valued at $84,588,694.63. The trade was a 4.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Elisabeth G. Nash sold 56,100 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $86.13, for a total transaction of $4,831,893.00. Following the transaction, the vice president now directly owns 109,260 shares of the company’s stock, valued at approximately $9,410,563.80. This represents a 33.93 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 108,655 shares of company stock valued at $9,356,203. Insiders own 5.10% of the company’s stock.

Service Co. International Company Profile

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.