Meiji Yasuda Life Insurance Co Has $387,000 Stock Holdings in SEI Investments (NASDAQ:SEIC)

Meiji Yasuda Life Insurance Co lifted its stake in shares of SEI Investments (NASDAQ:SEIC) by 52.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,980 shares of the asset manager’s stock after purchasing an additional 2,050 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in SEI Investments were worth $387,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in SEI Investments in the 2nd quarter valued at about $1,434,000. Mediolanum International Funds Ltd acquired a new position in SEI Investments during the first quarter valued at approximately $1,443,000. Norges Bank bought a new stake in SEI Investments during the fourth quarter worth $32,161,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of SEI Investments by 20.6% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 62,518 shares of the asset manager’s stock valued at $4,495,000 after purchasing an additional 10,670 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of SEI Investments by 21.7% in the 1st quarter. Russell Investments Group Ltd. now owns 115,367 shares of the asset manager’s stock valued at $8,296,000 after purchasing an additional 20,533 shares during the last quarter. Institutional investors own 70.59% of the company’s stock.

Insider Buying and Selling at SEI Investments

In other news, Director William Doran sold 5,000 shares of SEI Investments stock in a transaction on Monday, June 24th. The shares were sold at an average price of $67.04, for a total transaction of $335,200.00. Following the transaction, the director now owns 656,386 shares in the company, valued at $44,004,117.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other SEI Investments news, Chairman Alfred P. West, Jr. sold 27,419 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $67.48, for a total transaction of $1,850,234.12. Following the completion of the sale, the chairman now owns 7,649,577 shares of the company’s stock, valued at approximately $516,193,455.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Doran sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $67.04, for a total transaction of $335,200.00. Following the completion of the transaction, the director now owns 656,386 shares in the company, valued at approximately $44,004,117.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 137,582 shares of company stock worth $9,277,605. 14.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SEIC shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $73.00 price objective (down from $74.00) on shares of SEI Investments in a research note on Thursday, July 25th. Piper Sandler decreased their price target on shares of SEI Investments from $72.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $71.25.

SEI Investments Stock Up 0.3 %

Shares of SEIC opened at $68.02 on Thursday. The stock has a market cap of $8.94 billion, a PE ratio of 18.58, a PEG ratio of 1.32 and a beta of 0.99. SEI Investments has a 12-month low of $52.19 and a 12-month high of $72.54. The business has a 50-day simple moving average of $66.63 and a two-hundred day simple moving average of $67.25.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, July 24th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.01. The company had revenue of $518.99 million during the quarter, compared to the consensus estimate of $523.80 million. SEI Investments had a return on equity of 23.25% and a net margin of 25.44%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 earnings per share. On average, equities research analysts expect that SEI Investments will post 4.2 EPS for the current year.

SEI Investments Company Profile

SEI Investments Company is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients.