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Tony Coelho, a director at Service Corp International (NYSE:SCI), a $11.7 billion market cap death care services provider, recently sold 6,500 shares of the company’s common stock. According to InvestingPro analysis, SCI currently trades slightly above its Fair Value, with the stock up 8.3% over the past year. The transactions, executed on March 5, 2025, were completed at prices ranging from $79.24 to $79.34 per share, with a weighted average sale price of $79.29. Following this sale, Coelho holds 46,824 shares directly. Additionally, Coelho retains 12,200 shares indirectly through a deferred compensation plan. The company has maintained dividend payments for 21 consecutive years, with analysts setting a consensus price target range of $71.32 to $98 per share. For deeper insights into insider trading patterns and comprehensive financial analysis, check out the detailed Pro Research Report available on InvestingPro.
In other recent news, Service Corporation International (SCI) reported its fourth-quarter earnings for 2024, revealing a strong financial performance with revenue reaching $1.09 billion, surpassing the forecast of $1.08 billion. The company’s adjusted earnings per share (EPS) were $1.06, slightly below the expected $1.07. Despite this minor miss, the company announced a 2025 EPS guidance range of $3.70 to $4.00, indicating growth expectations. Raymond (NSE:RYMD) James maintained an "Outperform" rating on SCI, with a price target of $85, following discussions with the company’s management about strategic shifts in pre-need insurance partnerships and cost management efforts.
SCI’s management emphasized the transition to insurance-funded preneed contracts, a move expected to support long-term growth. The company returned $428 million to shareholders through dividends and share repurchases in 2024. Additionally, SCI plans to invest $160 million in cemetery development projects in 2025, while reducing maintenance capital expenditure to $315 million. Analysts at Raymond James noted that the transition in insurance partnerships could potentially add to the company’s long-term EPS. These developments reflect SCI’s strategy to adapt to post-pandemic market conditions and enhance its financial stability.
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