CANADA LIFE ASSURANCE Co Has $9.07 Million Stock Holdings in Service Co. International (NYSE:SCI)

CANADA LIFE ASSURANCE Co boosted its stake in Service Co. International (NYSE:SCI) by 26.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 122,236 shares of the company’s stock after purchasing an additional 25,717 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Service Co. International were worth $9,073,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Handelsbanken Fonder AB grew its holdings in Service Co. International by 0.5% in the fourth quarter. Handelsbanken Fonder AB now owns 1,920,710 shares of the company’s stock worth $131,473,000 after purchasing an additional 10,000 shares during the period. Coho Partners Ltd. lifted its stake in shares of Service Co. International by 10.6% in the first quarter. Coho Partners Ltd. now owns 1,685,111 shares of the company’s stock valued at $125,052,000 after buying an additional 161,570 shares in the last quarter. Norges Bank bought a new position in shares of Service Co. International in the fourth quarter valued at $92,331,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Service Co. International by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 908,456 shares of the company’s stock valued at $62,184,000 after buying an additional 9,381 shares in the last quarter. Finally, Premier Fund Managers Ltd lifted its stake in shares of Service Co. International by 0.7% in the fourth quarter. Premier Fund Managers Ltd now owns 802,004 shares of the company’s stock valued at $55,030,000 after buying an additional 5,693 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SCI has been the topic of a number of recent research reports. UBS Group raised their price objective on shares of Service Co. International from $83.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Oppenheimer raised their price objective on shares of Service Co. International from $76.00 to $79.00 and gave the company an “outperform” rating in a research note on Wednesday, May 22nd. Finally, Truist Financial raised their price objective on shares of Service Co. International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, June 21st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $78.00.

Service Co. International Stock Up 0.6 %

SCI opened at $75.01 on Friday. The company has a debt-to-equity ratio of 2.90, a current ratio of 0.62 and a quick ratio of 0.57. The company’s 50-day moving average is $71.76 and its 200 day moving average is $71.05. Service Co. International has a fifty-two week low of $52.89 and a fifty-two week high of $76.03. The firm has a market capitalization of $10.92 billion, a P/E ratio of 21.55, a PEG ratio of 2.01 and a beta of 0.84.

Service Co. International (NYSE:SCI) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. Service Co. International had a net margin of 12.73% and a return on equity of 32.23%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the firm earned $0.93 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. Research analysts expect that Service Co. International will post 3.66 earnings per share for the current fiscal year.

Service Co. International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Friday, June 14th. Service Co. International’s payout ratio is currently 34.48%.

Insiders Place Their Bets

In other Service Co. International news, Director Tony Coelho sold 2,900 shares of Service Co. International stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $72.38, for a total value of $209,902.00. Following the sale, the director now owns 60,629 shares of the company’s stock, valued at $4,388,327.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 5.10% of the company’s stock.

About Service Co. International

Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services.