Service Corp. International Director Sells $0.67 Million Worth of Shares in Recent Insider Trading Activity, Knox Daily Reports
March 30, 2024
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Service ($NYSE:SCI) Corp. International (SCI) is a leading provider of funeral and cemetery services in North America. SCI prides itself on offering compassionate and personalized services to help families honor their loved ones. Recently, the company made headlines when Knox Daily reported on the insider trading activity of one of its directors, Tony Coelho. According to a filing on Mar 13 ’24, Coelho sold $0.67 million worth of SCI shares. This news has raised some concerns among investors and analysts as insider trading can be seen as a red flag for potential issues within a company. Insider trading refers to buying or selling a company’s stock by individuals with access to confidential information that could potentially impact the stock’s value. In this case, Coelho is considered an insider due to his position as a director at SCI. As a result, his actions are closely monitored and must be reported to the Securities and Exchange Commission. While insider trading is not always indicative of negative news, it can be seen as a lack of confidence in the company’s future performance. In the case of SCI, Coelho’s selling of shares could suggest that he does not have faith in the company’s growth prospects or financial stability. Investors should take note of this insider trading activity and pay attention to any further developments within the company. It is important for shareholders to closely monitor insider trading as it can provide valuable insights into the company’s performance and potential future issues.
However, the recent insider trading activity of one of its directors has raised some concerns among investors. It is essential for shareholders to stay informed about any developments within the company and carefully consider any potential impacts on the stock’s value.
Price History
On Wednesday, service corporation stock showed positive movement, opening at $73.8 and closing at $74.2. This represented a 1.3% increase from the previous day’s closing price of $73.2. Insider trading occurs when individuals within a company, such as directors or executives, buy or sell company stock based on non-public information. This can lead to unfair advantages and is closely monitored and regulated by the Securities and Exchange Commission (SEC). In this case, the director’s sale of shares may be seen as a bearish signal for the company’s stock.
However, it’s important to note that insider trading activity does not always reflect the true performance of a company. It is possible that the director had personal financial reasons for selling their shares, unrelated to the company’s performance. While this insider trading activity may cause some concern among investors, it’s important to analyze all aspects of a company’s performance before making any investment decisions. Overall, the recent insider trading activity at SERVICE CORPORATION may be something for investors to monitor, but it should not be the sole factor in determining the company’s financial health. As always, it is important for investors to do their own research and make informed decisions when it comes to their investments. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Service Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 4.1k | 537.32 | 12.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Service Corporation. More…
| Operations | Investing | Financing |
| 869.04 | -469.39 | -381.14 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Service Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 16.36k | 14.81k | 10.53 |
Key Ratios Snapshot
Some of the financial key ratios for Service Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.3% | 3.8% | 23.1% |
| FCF Margin | ROE | ROA |
| 12.4% | 37.4% | 3.6% |
Analysis
As a financial analysis company, GoodWhale has conducted a thorough examination of SERVICE CORPORATION‘s fundamentals. Our findings, which can be seen below, reveal important insights about the company’s performance and potential. Using our Star Chart classification system, we have determined that SERVICE CORPORATION falls under the category of ‘cow.’ This means that the company has a track record of consistently and sustainably paying out dividends to shareholders. This could make it an attractive investment opportunity for investors seeking reliable and stable returns. SERVICE CORPORATION stands out in several areas of our analysis. It has strong assets, indicating a solid financial foundation and potential for growth. In addition, the company has a strong track record of dividend payments, which may be appealing to income-oriented investors. Furthermore, our analysis shows that SERVICE CORPORATION is profitable, which is always a positive sign for any company. However, while SERVICE CORPORATION excels in these areas, it may not be suitable for investors looking for high-growth opportunities. Our analysis suggests that the company is only medium in terms of growth potential. This means that investors should not expect significant increases in the company’s stock value in the short term. Overall, our analysis reveals that SERVICE CORPORATION has a high health score of 7/10 in terms of its cashflows and debt. This indicates that the company is well-equipped to weather any financial crises without the risk of bankruptcy. As such, investors who prioritize stability and security in their investments may be interested in this company. In conclusion, SERVICE CORPORATION displays strong fundamentals and a track record of consistent dividend payments. While it may not offer high-growth potential, its solid financial standing and ability to withstand crises make it an attractive option for investors seeking stable returns. More…
Peers
Service Corp International is the largest provider of death care services and products in North America. The company operates more than 2,000 funeral homes and crematories in the United States and Canada. LE Lavoir Ltd is a provider of funeral and cremation services in Japan. HEIAN CEREMONY SERVICE Co Ltd is a leading provider of funeral services in China.
– Park Lawn Corp ($TSX:PLC)
Park Lawn Corporation is a provider of death care products and services in North America. The Company owns and operates cemeteries, funeral homes, crematoria, burial vaults, urn gardens, memorialization products and services, and cemetery property. Park Lawn’s products and services include interment rights, such as graves, crypts or niches in cemeteries, and funeral and cremation services.
– LE Lavoir Ltd ($BSE:539814)
In 2022, the market capitalization of Lavoir Ltd was 108.86 million, with a return on equity of 1.66%. The company provides laundry and dry-cleaning services.
– HEIAN CEREMONY SERVICE Co Ltd ($TSE:2344)
The Heian Ceremony Service Co Ltd has a market capitalization of 9.16 billion as of 2022. The company has a return on equity of 4.27%. Heian Ceremony Service Co Ltd is a company that provides services for ceremonies.
Summary
A recent filing by Service Corp. International disclosed insider trading activity where a director of the company, COELHO TONY, sold shares worth $0.67 million on Mar 13 ’24. This raises questions about the future performance of the company and investors may want to keep a close eye on it. Insider trading can be seen as an indication of the company’s internal sentiment and may affect the market sentiment towards the stock. As a result, investors should carefully analyze this information and consider it when making any investment decisions related to Service Corp. International.
