MetLife Investment Management LLC Has $4.56 Million Stock Holdings in SEI Investments (NASDAQ:SEIC)

MetLife Investment Management LLC grew its stake in shares of SEI Investments (NASDAQ:SEIC - Free Report) by 8.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,261 shares of the asset manager's stock after purchasing an additional 4,219 shares during the period. MetLife Investment Management LLC's holdings in SEI Investments were worth $4,558,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. First Horizon Advisors Inc. raised its holdings in SEI Investments by 25.4% during the fourth quarter. First Horizon Advisors Inc. now owns 578 shares of the asset manager's stock worth $48,000 after purchasing an additional 117 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of SEI Investments by 7.3% in the fourth quarter. Venturi Wealth Management LLC now owns 2,105 shares of the asset manager's stock valued at $174,000 after buying an additional 144 shares in the last quarter. Ashton Thomas Securities LLC increased its position in shares of SEI Investments by 2.5% in the fourth quarter. Ashton Thomas Securities LLC now owns 5,969 shares of the asset manager's stock valued at $492,000 after buying an additional 145 shares in the last quarter. Principal Securities Inc. raised its stake in shares of SEI Investments by 13.3% during the 4th quarter. Principal Securities Inc. now owns 1,324 shares of the asset manager's stock worth $109,000 after buying an additional 155 shares during the last quarter. Finally, Allworth Financial LP boosted its position in shares of SEI Investments by 53.7% in the 4th quarter. Allworth Financial LP now owns 452 shares of the asset manager's stock worth $38,000 after buying an additional 158 shares in the last quarter. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Morgan Stanley reissued an "overweight" rating and set a $82.00 price target (up previously from $77.00) on shares of SEI Investments in a research report on Thursday. William Blair reaffirmed a "market perform" rating on shares of SEI Investments in a research note on Thursday. Raymond James upgraded shares of SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 price target for the company in a report on Thursday, January 30th. Oppenheimer reissued an "outperform" rating on shares of SEI Investments in a research note on Thursday. Finally, Piper Sandler lifted their target price on shares of SEI Investments from $74.00 to $79.00 and gave the stock a "neutral" rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $87.60.

SEI Investments Stock Performance

Shares of SEIC stock traded down $0.81 during midday trading on Monday, reaching $77.78. 687,717 shares of the company were exchanged, compared to its average volume of 652,272. The company's 50 day moving average price is $75.24 and its two-hundred day moving average price is $79.04. The company has a market cap of $9.78 billion, a P/E ratio of 17.60, a PEG ratio of 1.41 and a beta of 0.90. SEI Investments has a 12 month low of $62.38 and a 12 month high of $87.25.

SEI Investments (NASDAQ:SEIC - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The asset manager reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.05. The firm had revenue of $551.34 million during the quarter, compared to analysts' expectations of $556.76 million. SEI Investments had a net margin of 27.35% and a return on equity of 25.51%. The firm's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $0.99 earnings per share. As a group, sell-side analysts predict that SEI Investments will post 4.86 earnings per share for the current year.

SEI Investments declared that its Board of Directors has initiated a share buyback program on Tuesday, March 18th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the asset manager to repurchase up to 5.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its shares are undervalued.

Insider Transactions at SEI Investments

In other news, insider Mark Andrew Warner sold 5,000 shares of SEI Investments stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $80.39, for a total value of $401,950.00. Following the transaction, the insider now directly owns 1,300 shares in the company, valued at approximately $104,507. The trade was a 79.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 72,842 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $79.45, for a total value of $5,787,296.90. Following the completion of the transaction, the chairman now directly owns 7,160,080 shares of the company's stock, valued at approximately $568,868,356. This trade represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,214 shares of company stock valued at $6,293,903 over the last quarter. Company insiders own 14.30% of the company's stock.

SEI Investments Profile

SEI Investments Company is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients.