Corebridge Financial Inc. Trims Stake in Service Co. International (NYSE:SCI)

Corebridge Financial Inc. trimmed its position in shares of Service Co. International (NYSE:SCI - Free Report) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,624 shares of the company's stock after selling 8,546 shares during the quarter. Corebridge Financial Inc. owned 0.11% of Service Co. International worth $13,060,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. LPL Financial LLC grew its holdings in shares of Service Co. International by 2.0% during the fourth quarter. LPL Financial LLC now owns 136,337 shares of the company's stock valued at $10,882,000 after buying an additional 2,674 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of Service Co. International in the fourth quarter valued at approximately $257,000. KLP Kapitalforvaltning AS purchased a new position in shares of Service Co. International during the fourth quarter valued at approximately $2,786,000. Sei Investments Co. grew its holdings in Service Co. International by 2.8% during the fourth quarter. Sei Investments Co. now owns 122,767 shares of the company's stock worth $9,800,000 after buying an additional 3,359 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Service Co. International by 2.1% in the 4th quarter. American Century Companies Inc. now owns 34,464 shares of the company's stock valued at $2,751,000 after buying an additional 694 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on SCI shares. StockNews.com downgraded shares of Service Co. International from a "hold" rating to a "sell" rating in a report on Wednesday. Oppenheimer lifted their price target on Service Co. International from $86.00 to $92.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $88.50.

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Service Co. International Stock Performance

Service Co. International stock traded down $0.40 during midday trading on Friday, reaching $79.81. The stock had a trading volume of 1,039,907 shares, compared to its average volume of 984,416. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.83. The firm has a market capitalization of $11.51 billion, a PE ratio of 22.48, a P/E/G ratio of 1.90 and a beta of 0.90. Service Co. International has a 12 month low of $67.19 and a 12 month high of $89.37. The firm's 50-day moving average price is $78.91 and its 200 day moving average price is $80.22.

Service Co. International (NYSE:SCI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.06 EPS for the quarter, meeting analysts' consensus estimates of $1.06. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. As a group, research analysts predict that Service Co. International will post 3.84 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.32 dividend. This is a positive change from Service Co. International's previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Friday, March 14th. Service Co. International's dividend payout ratio (DPR) is 36.06%.

Insider Activity at Service Co. International

In other news, CEO Thomas L. Ryan sold 50,000 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $84.56, for a total transaction of $4,228,000.00. Following the completion of the transaction, the chief executive officer now owns 982,333 shares of the company's stock, valued at approximately $83,066,078.48. The trade was a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tony Coelho sold 6,500 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $79.29, for a total value of $515,385.00. Following the transaction, the director now owns 46,824 shares in the company, valued at $3,712,674.96. This trade represents a 12.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.10% of the stock is owned by corporate insiders.

Service Co. International 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.