JPMorgan Chase & Co. Takes Position in Somnigroup International Inc. $SGI

JPMorgan Chase & Co. acquired a new position in shares of Somnigroup International Inc. (NYSE:SGI) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,196,255 shares of the company’s stock, valued at approximately $269,540,000.

Several other institutional investors also recently bought and sold shares of the company. Allworth Financial LP acquired a new position in shares of Somnigroup International during the third quarter worth $32,000. Swiss Life Asset Management Ltd grew its stake in Somnigroup International by 85.1% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 9,065 shares of the company’s stock worth $764,000 after buying an additional 4,168 shares during the last quarter. New Mexico Educational Retirement Board acquired a new position in Somnigroup International during the 3rd quarter valued at about $3,578,000. Finally, Hudson Bay Capital Management LP purchased a new stake in Somnigroup International in the third quarter valued at about $5,585,000. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Somnigroup International

In related news, Director Simon Dyer acquired 32,000 shares of the stock in a transaction on Tuesday, December 2nd. The shares were acquired at an average price of $93.40 per share, for a total transaction of $2,988,800.00. Following the transaction, the director owned 36,800 shares in the company, valued at approximately $3,437,120. This trade represents a 666.67% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Somnigroup International from a “hold” rating to a “buy” rating in a report on Friday, November 28th. Zacks Research downgraded shares of Somnigroup International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Somnigroup International in a report on Monday, December 29th. UBS Group lowered their price objective on shares of Somnigroup International from $122.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Stephens assumed coverage on Somnigroup International in a research report on Tuesday, February 10th. They issued an “equal weight” rating and a $89.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $102.00.

Somnigroup International Price Performance

NYSE:SGI opened at $89.49 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.83 and a quick ratio of 0.38. The business has a fifty day simple moving average of $92.00. Somnigroup International Inc. has a 1-year low of $53.10 and a 1-year high of $98.56. The firm has a market capitalization of $18.78 billion, a price-to-earnings ratio of 49.99, a P/E/G ratio of 1.57 and a beta of 1.31.

Somnigroup International (NYSE:SGI) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $0.72 EPS for the quarter, meeting the consensus estimate of $0.72. The company had revenue of $1.87 billion for the quarter. Somnigroup International had a net margin of 5.14% and a return on equity of 19.36%. Somnigroup International’s revenue for the quarter was up 54.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS.

Somnigroup International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 5th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, March 5th. Somnigroup International’s dividend payout ratio (DPR) is currently 33.52%.

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.