Achmea Investment Management B.V. Sells 30,040 Shares of SEI Investments (NASDAQ:SEIC)

Achmea Investment Management B.V. reduced its stake in shares of SEI Investments (NASDAQ:SEIC - Free Report) by 26.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 82,860 shares of the asset manager's stock after selling 30,040 shares during the period. Achmea Investment Management B.V. owned about 0.06% of SEI Investments worth $6,834,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. increased its holdings in SEI Investments by 25.4% during the 4th quarter. First Horizon Advisors Inc. now owns 578 shares of the asset manager's stock worth $48,000 after purchasing an additional 117 shares in the last quarter. Aurora Investment Counsel increased its holdings in SEI Investments by 0.6% during the 3rd quarter. Aurora Investment Counsel now owns 25,162 shares of the asset manager's stock worth $1,741,000 after purchasing an additional 144 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of SEI Investments by 7.3% during the fourth quarter. Venturi Wealth Management LLC now owns 2,105 shares of the asset manager's stock valued at $174,000 after acquiring an additional 144 shares during the last quarter. Principal Securities Inc. increased its position in shares of SEI Investments by 13.3% during the fourth quarter. Principal Securities Inc. now owns 1,324 shares of the asset manager's stock valued at $109,000 after acquiring an additional 155 shares during the last quarter. Finally, Allworth Financial LP increased its position in shares of SEI Investments by 53.7% during the fourth quarter. Allworth Financial LP now owns 452 shares of the asset manager's stock valued at $38,000 after acquiring an additional 158 shares during the last quarter. 70.59% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of analysts recently commented on SEIC shares. Raymond James raised SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 price target for the company in a research report on Thursday, January 30th. Morgan Stanley increased their price objective on SEI Investments from $75.00 to $80.00 and gave the company an "underweight" rating in a report on Friday, January 3rd. Piper Sandler increased their price objective on SEI Investments from $77.00 to $87.00 and gave the company a "neutral" rating in a report on Monday, December 23rd. Oppenheimer increased their price objective on SEI Investments from $85.00 to $94.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating and set a $90.00 price objective (up from $86.00) on shares of SEI Investments in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, SEI Investments has an average rating of "Hold" and an average target price of $90.00.

SEI Investments Stock Down 0.0 %

NASDAQ:SEIC traded down $0.01 during trading hours on Tuesday, hitting $74.95. 797,777 shares of the company's stock traded hands, compared to its average volume of 598,637. The firm has a market cap of $9.51 billion, a P/E ratio of 16.96, a P/E/G ratio of 1.41 and a beta of 0.94. SEI Investments has a 52 week low of $62.38 and a 52 week high of $87.25. The business's fifty day simple moving average is $81.11 and its two-hundred day simple moving average is $77.88.

SEI Investments (NASDAQ:SEIC - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The asset manager reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.02). SEI Investments had a net margin of 27.35% and a return on equity of 25.51%. On average, analysts expect that SEI Investments will post 4.86 EPS for the current year.

Insider Activity at SEI Investments

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

SEI Investments Company 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.