Man Group plc Buys Shares of 97,205 Somnigroup International Inc. $SGI

Man Group plc purchased a new position in shares of Somnigroup International Inc. (NYSE:SGI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 97,205 shares of the company’s stock, valued at approximately $7,621,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Somnigroup International during the second quarter valued at $1,507,604,000. Linonia Partnership LP purchased a new position in Somnigroup International in the 2nd quarter worth about $519,372,000. Geode Capital Management LLC lifted its holdings in Somnigroup International by 9.3% during the 4th quarter. Geode Capital Management LLC now owns 4,375,264 shares of the company’s stock valued at $390,699,000 after buying an additional 371,234 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Somnigroup International by 7.3% during the 4th quarter. JPMorgan Chase & Co. now owns 3,429,208 shares of the company’s stock valued at $306,160,000 after buying an additional 232,953 shares in the last quarter. Finally, Third Point LLC boosted its position in Somnigroup International by 13.3% in the 4th quarter. Third Point LLC now owns 3,400,000 shares of the company’s stock valued at $303,552,000 after buying an additional 400,000 shares during the period. 99.86% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Scott L. Thompson purchased 30,000 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were acquired at an average price of $62.84 per share, for a total transaction of $1,885,200.00. Following the purchase, the chief executive officer owned 4,123,634 shares in the company, valued at $259,129,160.56. This trade represents a 0.73% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.99% of the company’s stock.

Somnigroup International Stock Up 3.1%

Somnigroup International stock opened at $64.40 on Friday. Somnigroup International Inc. has a 1-year low of $60.39 and a 1-year high of $98.56. The stock has a market capitalization of $13.55 billion, a price-to-earnings ratio of 25.76, a PEG 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. The business has a fifty day moving average price of $70.28 and a 200-day moving average price of $74.63.

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

Somnigroup International Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SGI. Wall Street Zen cut Somnigroup International from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Morgan Stanley started 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Somnigroup International in a research report on Friday, August 21st. UBS Group cut their price target on Somnigroup International from $105.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Finally, Piper Sandler restated an “overweight” rating and issued a $95.00 price objective (down from $102.00) on shares of Somnigroup International in a report on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Somnigroup International has an average rating of “Moderate Buy” and a consensus price target of $94.50.

About Somnigroup International

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.