Legal & General Group Plc Invests $21.33 Million in Somnigroup International Inc. $SGI

Legal & General Group Plc bought a new stake in Somnigroup International Inc. (NYSE:SGI) during the 2nd quarter, HoldingsChannel reports. The fund bought 272,083 shares of the company’s stock, valued at approximately $21,331,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SGI. The Manufacturers Life Insurance Company purchased a new position in Somnigroup International during the second quarter worth about $8,888,000. Goodnow Investment Group LLC purchased a new stake in Somnigroup International in the 2nd quarter valued at approximately $53,894,000. Wolf Hill Capital Management LP acquired a new position in Somnigroup International during the 2nd quarter worth approximately $50,960,000. Sanctuary Advisors LLC acquired a new position in Somnigroup International during the 2nd quarter worth approximately $216,000. Finally, PEAK6 LLC purchased a new position in shares of Somnigroup International during the 2nd quarter worth approximately $4,470,000. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Somnigroup International Price Performance

Shares of NYSE:SGI opened at $64.40 on Friday. The business’s 50 day simple moving average is $70.28 and its 200-day simple moving average is $74.63. The firm has a market capitalization of $13.55 billion, a price-to-earnings ratio of 25.76, a price-to-earnings-growth ratio of 1.45 and a beta of 1.20. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.75 and a quick ratio of 0.37. Somnigroup International Inc. has a 12 month low of $60.39 and a 12 month high of $98.56.

Somnigroup International (NYSE:SGI) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. The firm had revenue of $1.82 billion during the quarter. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%.The business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 earnings per share. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. As a group, equities analysts forecast that Somnigroup International Inc. will post 3.02 earnings per share for the current fiscal year.

Somnigroup International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be given a $0.17 dividend. The ex-dividend date is Thursday, August 20th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. Somnigroup International’s dividend payout ratio (DPR) is currently 27.20%.

Analyst Ratings Changes

SGI has been the subject of several recent analyst reports. Zelman & Associates assumed coverage on Somnigroup International in a report on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 price target for the company. UBS Group dropped their price objective on Somnigroup International from $105.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Morgan Stanley initiated coverage on Somnigroup International in a report on Monday, July 27th. They issued an “overweight” rating and a $95.00 target price for the company. Zacks Research lowered shares of Somnigroup International from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Somnigroup International in a research note on Friday, August 21st. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Somnigroup International currently has a consensus rating of “Moderate Buy” and an average price target of $94.50.

Insider Buying and Selling at Somnigroup International

In other news, CEO Scott L. Thompson purchased 30,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was acquired at an average price of $62.84 per share, with a total value of $1,885,200.00. Following the purchase, the chief executive officer directly owned 4,123,634 shares of the company’s stock, valued at $259,129,160.56. This represents a 0.73% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.99% of the stock is currently owned by corporate insiders.

Somnigroup International Company Profile

Somnigroup International Inc, together with its subsidiaries, designs, manufactures, distributes, and retails bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names. The company sells its products through approximately company-owned stores, online, and call centers; and third party retailers, including third party distribution, hospitality, and healthcare.