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Neenah Today
By the People, for the People
Legal & General Group Plc Increases Stake in Kimberly-Clark Corporation
Institutional investor boosts ownership in consumer goods giant by 2.3%
Mar. 12, 2026 at 10:21am
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Legal & General Group Plc, a major institutional investor, has increased its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 2.3% during the third quarter, according to a recent SEC filing. The firm now owns 2,375,544 shares of the consumer products company's stock, worth approximately $295 million.
Why it matters
Kimberly-Clark is a leading global manufacturer of personal care and consumer tissue products, owning iconic brands like Kleenex, Huggies, and Cottonelle. The increase in ownership by Legal & General Group, a prominent institutional investor, signals confidence in the company's long-term prospects and growth potential.
The details
According to the filing, Legal & General Group purchased an additional 52,769 shares of Kimberly-Clark during the third quarter, bringing its total ownership to approximately 0.72% of the company's outstanding stock. The investment firm cited Kimberly-Clark's strong market position, brand recognition, and steady cash flow generation as factors behind the increased stake.
- Legal & General Group Plc filed the SEC disclosure on March 12, 2026, reporting its Q3 2025 ownership stake in Kimberly-Clark.
The players
Legal & General Group Plc
A major British multinational financial services company that provides insurance, pension management, and other investment products.
Kimberly-Clark Corporation
A U.S.-based multinational manufacturer of personal care and consumer tissue products, known for brands like Kleenex, Huggies, and Cottonelle.
The takeaway
The increased ownership stake by Legal & General Group in Kimberly-Clark reflects the institutional investor's confidence in the consumer goods company's long-term growth prospects and ability to maintain its market-leading position in key product categories.
