The Manufacturers Life Insurance Company Invests $8.89 Million in Somnigroup International Inc. $SGI

The Manufacturers Life Insurance Company bought a new stake in shares of Somnigroup International Inc. (NYSE:SGI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 113,363 shares of the company’s stock, valued at approximately $8,888,000. The Manufacturers Life Insurance Company owned approximately 0.05% of Somnigroup International at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC increased its stake in Somnigroup International by 5.1% during the fourth quarter. Sanctuary Advisors LLC now owns 2,912 shares of the company’s stock worth $260,000 after acquiring an additional 141 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Somnigroup International by 1.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,926 shares of the company’s stock valued at $975,000 after purchasing an additional 142 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Somnigroup International by 8.1% in the 4th quarter. Fifth Third Bancorp now owns 1,974 shares of the company’s stock worth $176,000 after purchasing an additional 148 shares during the period. Platform Technology Partners boosted its holdings in shares of Somnigroup International by 5.9% in the 1st quarter. Platform Technology Partners now owns 2,770 shares of the company’s stock worth $205,000 after purchasing an additional 155 shares during the period. Finally, Illinois Municipal Retirement Fund increased its position in shares of Somnigroup International by 0.5% during the 4th quarter. Illinois Municipal Retirement Fund now owns 32,172 shares of the company’s stock valued at $2,872,000 after purchasing an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Somnigroup International Price Performance

SGI opened at $64.40 on Friday. The business has a fifty day moving average of $70.28 and a 200 day moving average of $74.63. The stock has a market cap of $13.55 billion, a P/E ratio of 25.76, a PEG ratio of 1.45 and a beta of 1.20. The company has a quick ratio of 0.37, a current ratio of 0.75 and a debt-to-equity ratio of 1.33. Somnigroup International Inc. has a 52-week low of $60.39 and a 52-week high of $98.56.

Somnigroup International (NYSE:SGI) last released its earnings results on Thursday, August 6th. The company reported $0.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.58. The business had revenue of $1.82 billion for 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 quarter in the previous year, the business earned $0.53 EPS. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. As a group, sell-side analysts anticipate that Somnigroup International Inc. will post 3.02 EPS for the current year.

Somnigroup International Dividend Announcement

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

Insiders Place Their Bets

In related news, CEO Scott L. Thompson acquired 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The stock was bought at an average price of $62.84 per share, for a total transaction of $1,885,200.00. Following the acquisition, 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 acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.99% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Piper Sandler restated an “overweight” rating and set a $95.00 price target (down from $102.00) on shares of Somnigroup International in a report on Friday, August 7th. Zacks Research cut shares of Somnigroup International from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Zelman & Associates initiated coverage on shares of Somnigroup International in a research note on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 target price on the stock. Truist Financial lowered their target price on shares of Somnigroup International from $115.00 to $100.00 and set a “buy” rating for the company in a report on Friday, August 7th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Somnigroup International in a research note on Friday, August 21st. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Somnigroup International currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.50.

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.