Legal & General discloses Royal Caribbean investment
An SEC disclosure detailed the institutional investor’s second-quarter share acquisition as Royal Caribbean reported its latest quarterly results and earnings guidance.
Legal & General Group Plc acquired 1,302,078 shares of Royal Caribbean Cruises Ltd. during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The position was valued at approximately $413,449,000.
The filing showed that Legal & General owned approximately 0.49% of Royal Caribbean. The report also stated that hedge funds and other institutional investors own 87.53% of the cruise company’s stock.
Royal Caribbean reported quarterly earnings of $4.21 per share, compared with analysts’ consensus estimate of $3.98. Revenue was $4.83 billion, while analysts had expected $4.82 billion. The company reported a net margin of 23.54% and a return on equity of 43.33%.
The cruise company set its fiscal 2026 earnings guidance at 17.730 to 17.870 per share and its third-quarter 2026 guidance at 6.260 to 6.360 per share.
Separately, Chief Executive Officer Michael W. Bayley sold 12,811 Royal Caribbean shares at an average price of $315.99. The transaction was valued at $4,048,147.89.
