SEI Investments (NASDAQ:SEIC) Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. cut its stake in SEI Investments (NASDAQ:SEIC) by 26.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,860 shares of the asset manager’s stock after selling 30,040 shares during the quarter. Achmea Investment Management B.V. owned about 0.06% of SEI Investments worth $6,834,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. First Horizon Advisors Inc. lifted its holdings in shares of SEI Investments by 25.4% in the fourth quarter. First Horizon Advisors Inc. now owns 578 shares of the asset manager’s stock valued at $48,000 after buying an additional 117 shares during the period. Aurora Investment Counsel raised its position in SEI Investments by 0.6% in the third quarter. Aurora Investment Counsel now owns 25,162 shares of the asset manager’s stock worth $1,741,000 after acquiring an additional 144 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in SEI Investments by 7.3% in the 4th quarter. Venturi Wealth Management LLC now owns 2,105 shares of the asset manager’s stock valued at $174,000 after acquiring an additional 144 shares during the last quarter. Principal Securities Inc. lifted its holdings in SEI Investments by 13.3% in the 4th quarter. Principal Securities Inc. now owns 1,324 shares of the asset manager’s stock valued at $109,000 after acquiring an additional 155 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in SEI Investments by 53.7% during the fourth quarter. Allworth Financial LP now owns 452 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 158 shares during the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SEIC. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $90.00 price target (up previously from $86.00) on shares of SEI Investments in a research report on Thursday, January 30th. Piper Sandler raised their target price on shares of SEI Investments from $77.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, December 23rd. Morgan Stanley lifted their target price on shares of SEI Investments from $75.00 to $80.00 and gave the stock an “underweight” rating in a research report on Friday, January 3rd. Oppenheimer upped their price target on shares of SEI Investments from $85.00 to $94.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Finally, Raymond James upgraded shares of SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price objective on the stock in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $90.00.

Insider Transactions at SEI Investments

In related news, insider Mark Andrew Warner sold 5,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $80.39, for a total value of $401,950.00. Following the transaction, the insider now owns 1,300 shares in the company, valued at approximately $104,507. This represents a 79.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Alfred P. West, Jr. sold 72,842 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $79.45, for a total transaction of $5,787,296.90. Following the transaction, the chairman now directly owns 7,160,080 shares in the company, valued at approximately $568,868,356. The trade was a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 131,256 shares of company stock valued at $10,729,443 in the last three months. Corporate insiders own 14.30% of the company’s stock.

SEI Investments Stock Performance

SEI Investments stock opened at $72.08 on Friday. The firm’s 50 day moving average price is $81.60 and its two-hundred day moving average price is $77.67. The firm has a market cap of $9.15 billion, a PE ratio of 16.31, a P/E/G ratio of 1.41 and a beta of 0.94. SEI Investments has a twelve month low of $62.38 and a twelve month high of $87.25.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, January 29th. The asset manager reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.02). SEI Investments had a return on equity of 25.51% and a net margin of 27.35%. Equities analysts anticipate that SEI Investments will post 4.86 EPS for the current fiscal 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.