HOUSTON—Elisabeth G. Nash, Senior Vice President of Operations Services at Service Corporation International (NYSE:SCI), recently executed a significant stock transaction. On November 18, 2024, Nash sold 56,100 shares of common stock at an average price of $86.13 per share, totaling approximately $4.83 million. This transaction followed the exercise of options to acquire the same number of shares at $29.25 per share, totaling roughly $1.64 million. Following these transactions, Nash owns 109,260 shares directly. Additionally, Nash holds 80,358 shares through a deferred compensation plan and 28,222 shares via a 401(k) plan.
In other recent news, Service Corporation International (SCI) has extended the contracts of top executives until the end of 2025. This move, reflecting the company's commitment to leadership continuity, includes key personnel such as Thomas L. Ryan, Eric D. Tanzberger, Sumner J. Waring, III, and Elisabeth G. Nash. In terms of financial performance, SCI reported a slight increase in its adjusted earnings per share (EPS) for the third quarter of 2024, rising to $0.79 from $0.78 in the previous year.
The company also made substantial investments, including $123 million in acquisitions and $31 million in real estate, indicating a strategic focus on expansion. Furthermore, SCI's operating cash flow saw an 18% year-over-year increase. Looking ahead, analysts predict an adjusted EPS of $1 to $1.10 for the fourth quarter and 8% to 12% annual EPS growth in 2025.
These recent developments show SCI's continued efforts to strengthen its position in the market, with a focus on leadership stability and strategic investments.
InvestingPro Insights
As we delve deeper into Service Corporation International's (NYSE:SCI) recent insider activity, it's worth examining some key financial metrics and insights provided by InvestingPro.
According to InvestingPro data, SCI's market capitalization stands at $12.39 billion, reflecting its significant presence in the death care services industry. The company's P/E ratio of 24.67 suggests that investors are willing to pay a premium for SCI's earnings, potentially due to its strong market position and growth prospects.
One InvestingPro Tip highlights that SCI has raised its dividend for 11 consecutive years, demonstrating a commitment to returning value to shareholders. This is further supported by the fact that the company has maintained dividend payments for 20 consecutive years. With a current dividend yield of 1.4%, SCI offers a steady income stream for investors.
Another relevant InvestingPro Tip indicates that SCI is trading near its 52-week high, which aligns with the recent insider sale by Elisabeth G. Nash. This could suggest that the stock is currently valued favorably by the market.
It's worth noting that SCI has shown strong performance, with a 44.68% price total return over the past year and a 27.05% return year-to-date. These figures underscore the stock's robust momentum, which may have influenced the timing of Nash's stock sale.
For investors seeking a more comprehensive analysis, InvestingPro offers 13 additional tips that could provide further insights into SCI's financial health and market position. These additional tips could be particularly valuable for those looking to make informed decisions about their investments in the death care services sector.
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