Cigna Investments Inc. New lessened its holdings in Service Co. International (NYSE:SCI) by 11.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,691 shares of the company’s stock after selling 594 shares during the period. Cigna Investments Inc. New’s holdings in Service Co. International were worth $225,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Service Co. International by 0.6% in the 2nd quarter. BlackRock Inc. now owns 16,219,458 shares of the company’s stock worth $758,745,000 after buying an additional 102,413 shares during the last quarter. BBVA USA Bancshares Inc. acquired a new stake in Service Co. International in the 3rd quarter worth about $74,908,000. Voya Investment Management LLC boosted its holdings in Service Co. International by 130.7% in the 3rd quarter. Voya Investment Management LLC now owns 1,000,511 shares of the company’s stock worth $47,835,000 after buying an additional 566,914 shares during the last quarter. California Public Employees Retirement System boosted its holdings in Service Co. International by 39.6% in the 3rd quarter. California Public Employees Retirement System now owns 459,358 shares of the company’s stock worth $21,962,000 after buying an additional 130,224 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Service Co. International by 21.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 440,946 shares of the company’s stock worth $21,082,000 after buying an additional 76,663 shares during the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.
SCI has been the topic of several recent research reports. Credit Suisse Group restated a “buy” rating and set a $52.00 target price on shares of Service Co. International in a report on Monday, November 4th. Zacks Investment Research cut Service Co. International from a “hold” rating to a “sell” rating and set a $47.00 target price on the stock. in a report on Monday, December 9th.
In other news, VP Elisabeth G. Nash sold 47,600 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $44.26, for a total transaction of $2,106,776.00. Following the transaction, the vice president now directly owns 167,918 shares in the company, valued at approximately $7,432,050.68. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 5.50% of the company’s stock.
Shares of Service Co. International stock opened at $49.96 on Friday. The stock has a market cap of $8.67 billion, a P/E ratio of 22.30, a P/E/G ratio of 2.00 and a beta of 0.87. The stock’s 50 day simple moving average is $47.49 and its 200-day simple moving average is $46.25. Service Co. International has a 1-year low of $38.92 and a 1-year high of $50.10. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.63 and a quick ratio of 0.58.
Service Co. International Company Profile
Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.
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