Achmea Investment Management B.V. Has $873,000 Stock Position in SEI Investments (NASDAQ:SEIC)

Achmea Investment Management B.V. trimmed its position in SEI Investments (NASDAQ:SEIC – Get Rating) by 1.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,803 shares of the asset manager’s stock after selling 295 shares during the quarter. Achmea Investment Management B.V.’s holdings in SEI Investments were worth $873,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Private Trust Co. NA acquired a new position in SEI Investments during the 2nd quarter valued at $39,000. Wipfli Financial Advisors LLC acquired a new position in SEI Investments during the 3rd quarter valued at $40,000. EverSource Wealth Advisors LLC acquired a new position in SEI Investments during the 2nd quarter valued at $70,000. Group One Trading L.P. acquired a new position in SEI Investments during the 2nd quarter valued at $88,000. Finally, Steward Partners Investment Advisory LLC raised its stake in SEI Investments by 11.8% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,795 shares of the asset manager’s stock valued at $97,000 after purchasing an additional 189 shares during the last quarter. 69.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SEIC has been the subject of several research analyst reports. The Goldman Sachs Group upped their target price on shares of SEI Investments from $56.00 to $63.00 and gave the company a “neutral” rating in a research note on Wednesday, November 23rd. StockNews.com cut shares of SEI Investments from a “buy” rating to a “hold” rating in a research note on Friday, December 23rd. TheStreet raised shares of SEI Investments from a “c+” rating to a “b-” rating in a report on Wednesday, November 16th. Morgan Stanley boosted their price target on shares of SEI Investments from $51.00 to $53.00 and gave the company an “underweight” rating in a report on Thursday, December 1st. Finally, Oppenheimer boosted their price target on shares of SEI Investments from $59.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday, November 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, SEI Investments has a consensus rating of “Hold” and an average target price of $59.80.

SEI Investments Stock Performance

SEIC opened at $61.16 on Monday. The firm’s 50-day simple moving average is $59.43 and its 200-day simple moving average is $55.57. SEI Investments has a twelve month low of $46.30 and a twelve month high of $64.29. The firm has a market cap of $8.25 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 1.44 and a beta of 1.01.

SEI Investments (NASDAQ:SEIC – Get Rating) last posted its earnings results on Wednesday, October 26th. The asset manager reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.08. SEI Investments had a net margin of 24.98% and a return on equity of 28.74%. The business had revenue of $471.33 million for the quarter, compared to analyst estimates of $459.35 million. As a group, sell-side analysts anticipate that SEI Investments will post 3.75 EPS for the current fiscal year.

SEI Investments Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, January 5th. Stockholders of record on Monday, December 19th were issued a $0.43 dividend. This is a positive change from SEI Investments’s previous Semi-Annual dividend of $0.40. The ex-dividend date was Friday, December 16th. This represents a dividend yield of 1.4%. SEI Investments’s dividend payout ratio is presently 23.56%.

Insider Transactions at SEI Investments

In other news, Director Kathryn Mccarthy sold 10,000 shares of the company’s stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $59.25, for a total value of $592,500.00. Following the sale, the director now owns 71,700 shares of the company’s stock, valued at approximately $4,248,225. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Kathryn Mccarthy sold 10,000 shares of the company’s stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $59.25, for a total transaction of $592,500.00. Following the transaction, the director now owns 71,700 shares in the company, valued at approximately $4,248,225. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Wayne Withrow sold 15,000 shares of the company’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $54.51, for a total transaction of $817,650.00. Following the transaction, the executive vice president now owns 38,799 shares in the company, valued at approximately $2,114,933.49. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,100 shares of company stock valued at $2,036,235. 25.40% of the stock is owned by insiders.

About SEI Investments

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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.