The Sr. V.P. and General Counsel of Service Corp International (NYSE: SCI) is Buying Shares

By Carrie Williams

Today, the Sr. V.P. and General Counsel of Service Corp International (SCIResearch Report), Gregory Sangalis, bought shares of SCI for $797.5K.

Following this transaction Gregory Sangalis’ holding in the company was increased by 34.38% to a total of $9.14 million. In addition to Gregory Sangalis, 4 other SCI executives reported Buy trades in the last month.

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Based on Service Corp International’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $798 million and quarterly net profit of $79.32 million. In comparison, last year the company earned revenue of $794 million and had a net profit of $81.99 million. SCI’s market cap is $8.02B and the company has a P/E ratio of 18.44. Currently, Service Corp International has an average volume of 273.8K.

Starting in June 2018, SCI received 12 Buy ratings in a row.

In the last 30 days, insiders have sold $11.62M worth of SCI shares and purchased $3.03M worth of SCI shares. The insider sentiment on Service Corp International has been neutral according to 57 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

Gregory Sangalis’ trades have generated a -9.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Service Corp. International engages in the provision of deathcare products and services. It operates through the Funeral and Cemetery business segments.