Norinchukin Bank The Takes $12.73 Million Position in Service Co. International (NYSE:SCI)

Norinchukin Bank The acquired a new stake in Service Co. International (NYSE:SCI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 159,505 shares of the company's stock, valued at approximately $12,732,000. Norinchukin Bank The owned 0.11% of Service Co. International as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC increased its position in shares of Service Co. International by 94.5% in the third quarter. Barclays PLC now owns 123,375 shares of the company's stock valued at $9,738,000 after buying an additional 59,956 shares in the last quarter. Sanctuary Advisors LLC grew its stake in Service Co. International by 33.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 6,388 shares of the company's stock valued at $557,000 after acquiring an additional 1,594 shares during the last quarter. Tidal Investments LLC increased its holdings in Service Co. International by 4,977.3% during the 3rd quarter. Tidal Investments LLC now owns 155,567 shares of the company's stock valued at $12,279,000 after acquiring an additional 152,503 shares in the last quarter. Franklin Resources Inc. raised its position in Service Co. International by 263.1% during the third quarter. Franklin Resources Inc. now owns 15,912 shares of the company's stock worth $1,206,000 after acquiring an additional 11,530 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Service Co. International by 20.8% in the fourth quarter. GAMMA Investing LLC now owns 2,110 shares of the company's stock valued at $168,000 after purchasing an additional 364 shares in the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Service Co. International from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Service Co. International currently has an average rating of "Moderate Buy" and a consensus price target of $88.50.

Insiders Place Their Bets

In other Service Co. International news, CEO Thomas L. Ryan sold 50,000 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $84.56, for a total transaction of $4,228,000.00. Following the completion of the sale, the chief executive officer now directly owns 982,333 shares in the company, valued at $83,066,078.48. This represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tony Coelho sold 6,500 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $79.29, for a total value of $515,385.00. Following the completion of the sale, the director now directly owns 46,824 shares of the company's stock, valued at $3,712,674.96. This represents a 12.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.40% of the company's stock.

Service Co. International Stock Performance

Shares of Service Co. International stock traded down $1.04 during trading on Thursday, hitting $79.30. 510,624 shares of the stock were exchanged, compared to its average volume of 1,031,068. The stock has a market cap of $11.43 billion, a PE ratio of 22.30, a P/E/G ratio of 1.90 and a beta of 0.81. The stock's fifty day moving average is $78.75 and its 200 day moving average is $80.01. Service Co. International has a 12 month low of $67.19 and a 12 month high of $89.37. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.48 and a current ratio of 0.52.

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

Service Co. International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.32 dividend. This is a positive change from Service Co. International's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a yield of 1.61%. Service Co. International's dividend payout ratio (DPR) is currently 36.06%.

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.