SEI Investments Holdings and Insider Activity: Royal London Asset Management Ltd. Lessens Holdings

Royal London Asset Management Ltd. has reduced its holdings in SEI Investments (NASDAQ:SEIC) by 6.5% in the fourth quarter, according to the company’s recent Form 13F filing with the SEC. The firm sold 2,471 shares, leaving them with 35,495 shares valued at $2,256,000.

Other hedge funds have also made moves with SEI Investments. abrdn plc increased its holdings by 91.0%, IFG Advisory LLC by 109.1%, Norges Bank acquired a new position, Diversified Trust Co boosted its holdings by 299.3%, and Nordea Investment Management AB increased its holdings by 9.8%. Institutional investors and hedge funds now own 70.59% of the company’s stock.

SEI Investments stock opened at $65.26 on Monday, with a 52-week low of $52.19 and a high of $72.54. The company has a market cap of $8.57 billion, a P/E ratio of 17.83, and a beta of 1.02.

In their latest quarterly earnings report, SEI Investments beat analysts’ expectations with earnings per share of $0.99. The company also announced an increased quarterly dividend of $0.46 per share, up from $0.40, with a dividend yield of 2.82%.

Chairman Alfred P. West, Jr. has been active in insider trading, selling shares of the company’s stock in multiple transactions. Analysts have mixed ratings on SEI Investments, with a consensus rating of “Hold” and an average price target of $71.00.

SEI Investments Company provides asset management, wealth management, retirement and investment solutions, and financial services to clients. For more information on SEI Investments and to stay updated on the latest news and ratings, visit MarketBeat.com.