Jane Street Group LLC boosted its stake in shares of Service Co. International (NYSE:SCI) by 35.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,573 shares of the company’s stock after buying an additional 4,886 shares during the period. Jane Street Group LLC’s holdings in Service Co. International were worth $493,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in SCI. Wright Investors Service Inc. purchased a new position in shares of Service Co. International during the second quarter valued at $233,000. IMS Capital Management boosted its position in shares of Service Co. International by 1.4% in the second quarter. IMS Capital Management now owns 43,674 shares of the company’s stock valued at $1,181,000 after buying an additional 590 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of Service Co. International by 2.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 190,360 shares of the company’s stock valued at $5,147,000 after buying an additional 4,272 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Service Co. International by 17.5% in the second quarter. Legal & General Group Plc now owns 81,779 shares of the company’s stock valued at $2,208,000 after buying an additional 12,185 shares in the last quarter. Finally, Amalgamated Bank boosted its position in shares of Service Co. International by 32.6% in the second quarter. Amalgamated Bank now owns 32,878 shares of the company’s stock valued at $884,000 after buying an additional 8,079 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.
Service Co. International (NYSE:SCI) traded up 0.72% during trading on Friday, hitting $29.46. The company had a trading volume of 573,437 shares. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 31.81 and a beta of 0.85. Service Co. International has a 12-month low of $22.31 and a 12-month high of $29.60. The firm has a 50-day moving average of $29.00 and a 200 day moving average of $27.19.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 15th will be given a dividend of $0.13 per share. The ex-dividend date is Monday, March 13th. This represents a $0.52 annualized dividend and a dividend yield of 1.77%. Service Co. International’s dividend payout ratio (DPR) is presently 56.52%.
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Several research analysts recently weighed in on SCI shares. Zacks Investment Research cut Service Co. International from a “hold” rating to a “sell” rating in a research note on Tuesday, October 18th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating on shares of Service Co. International in a research note on Tuesday, December 20th.
About Service Co. International
Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments are funeral and cemetery operations. The Company conducts both funeral and cemetery operations in the United States and Canada. It operates over 1,535 funeral service locations and over 470 cemeteries, which are diversified across over 45 states, over eight Canadian provinces, the District of Columbia, and Puerto Rico.
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