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Service Corp International (NYSE:SCI) President Waring Sumner J III, reported selling 56,100 shares of common stock on August 1, 2025, for a total of $4.29 million. The sales were executed in multiple transactions, with prices ranging from $76.36 to $76.83 per share. The stock, currently trading at $78.76, has shown relatively low volatility according to InvestingPro analysis, with a beta of 0.93 over the past five years.
On the same day, Waring also exercised options to acquire a total of 56,100 shares of Service Corp International common stock in two transactions. These transactions involved 36,100 shares at an exercise price of $50.82 and 20,000 shares at an exercise price of $49.59, totaling $2.82 million. The company, with a market capitalization of $11.04 billion, trades at a P/E ratio of 21.2x and currently appears overvalued according to InvestingPro Fair Value estimates.
Following these transactions, Waring directly owns 295,192 shares of Service Corp International and indirectly owns 7,073 shares by 401(k) plan. InvestingPro analysis reveals the company has maintained dividend payments for 21 consecutive years, with 11 years of consecutive dividend increases. Discover more insights and 6 additional ProTips with an InvestingPro subscription.
In other recent news, Service Corp. International reported better-than-expected financial results for the second quarter of 2025. The company’s adjusted earnings per share came in at $0.88, surpassing the Street consensus of $0.85. Additionally, Service Corp. International’s revenue reached $1.07 billion, exceeding the anticipated $1.05 billion. These results were partly driven by improved general agency commissions from the insurance transition in pre-need funeral services, contributing an additional $5 million year-over-year. In light of these strong financial figures, Raymond (NSE:RYMD) James raised its price target for Service Corp. International to $90 from the previous $85, while maintaining an Outperform rating. These developments reflect positive investor sentiment and confidence in the company’s performance.
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