The Manufacturers Life Insurance Company Has $8.34 Million Stock Holdings in Somnigroup International Inc. $SGI

The Manufacturers Life Insurance Company decreased its position in Somnigroup International Inc. (NYSE:SGI) by 6.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 112,787 shares of the company’s stock after selling 7,320 shares during the period. The Manufacturers Life Insurance Company owned about 0.05% of Somnigroup International worth $8,337,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SGI. Core Wealth Advisors LLC bought a new stake in shares of Somnigroup International during the fourth quarter valued at approximately $30,000. Allworth Financial LP bought a new stake in Somnigroup International in the 3rd quarter valued at $32,000. Elyxium Wealth LLC acquired a new position in shares of Somnigroup International in the 4th quarter valued at $35,000. First Horizon Corp lifted its holdings in shares of Somnigroup International by 93.3% during the 4th quarter. First Horizon Corp now owns 464 shares of the company’s stock worth $41,000 after acquiring an additional 224 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Somnigroup International during the 4th quarter valued at about $42,000. Institutional investors own 99.86% of the company’s stock.

Somnigroup International Price Performance

Shares of SGI stock opened at $69.67 on Wednesday. Somnigroup International Inc. has a 1 year low of $60.39 and a 1 year high of $98.56. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.41. The firm’s 50 day moving average is $72.50 and its 200-day moving average is $78.03. The firm has a market capitalization of $14.66 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 1.24 and a beta of 1.20.

Somnigroup International (NYSE:SGI) last posted 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. The firm had revenue of $1.80 billion during the quarter. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. Sell-side analysts forecast that Somnigroup International Inc. will post 3.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SGI shares. UBS Group dropped their price target on shares of Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Weiss Ratings downgraded Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Morgan Stanley started coverage on Somnigroup International in a research report on Monday, July 27th. They issued an “overweight” rating and a $95.00 price target on the stock. Stephens reissued an “equal weight” rating and set a $89.00 price objective on shares of Somnigroup International in a report on Tuesday, April 14th. Finally, Zelman & Associates assumed 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. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Somnigroup International has a consensus rating of “Moderate Buy” and a consensus price target of $98.14.

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.