Legal & General Group Plc Cuts Stake in Somnigroup International Inc. $SGI

Legal & General Group Plc trimmed its position in shares of Somnigroup International Inc. (NYSE:SGI) by 3.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 317,532 shares of the company’s stock after selling 11,569 shares during the quarter. Legal & General Group Plc owned about 0.15% of Somnigroup International worth $28,349,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SGI. Allworth Financial LP purchased a new stake in Somnigroup International during the 3rd quarter valued at about $32,000. Elyxium Wealth LLC purchased a new stake in Somnigroup International during the 4th quarter valued at about $35,000. First Horizon Corp grew its position in Somnigroup International by 93.3% during the 4th quarter. First Horizon Corp now owns 464 shares of the company’s stock valued at $41,000 after purchasing an additional 224 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Somnigroup International during the 4th quarter valued at about $42,000. Finally, Assetmark Inc. grew its position in Somnigroup International by 56.6% during the 4th quarter. Assetmark Inc. now owns 512 shares of the company’s stock valued at $46,000 after purchasing an additional 185 shares during the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.

Somnigroup International Stock Down 0.8%

Shares of NYSE:SGI opened at $70.76 on Friday. The business has a 50 day simple moving average of $73.37. Somnigroup International Inc. has a twelve month low of $60.39 and a twelve month high of $98.56. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.41. The company has a market cap of $14.88 billion, a PE ratio of 28.88, a PEG ratio of 1.30 and a beta of 1.25.

Somnigroup International (NYSE:SGI) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The firm had revenue of $1.80 billion for the quarter. During the same quarter last year, the company earned $0.49 EPS. Somnigroup International’s revenue for the quarter was up 12.3% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. Analysts expect that Somnigroup International Inc. will post 3.2 earnings per share for the current fiscal year.

Somnigroup International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Thursday, May 21st. Somnigroup International’s dividend payout ratio is 27.76%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Bank of America lowered their target price on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Truist Financial upped their target price on shares of Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Weiss Ratings cut shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Stephens restated an “equal weight” rating and set a $89.00 target price on shares of Somnigroup International in a research note on Tuesday, April 14th. Finally, UBS Group lowered their target price on shares of Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $98.60.

Somnigroup International 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.