Northwestern Mutual Wealth Management Co. Sells 17,575 Shares of APi Group Corporation $APG

Key Points

• Northwestern Mutual Wealth Management Co. has reduced its stake in APi Group Corporation by 76.8%, selling 17,575 shares and now holding 5,299 shares worth $189,000.
• Several institutional investors have increased their positions in APi Group, with Resolute Capital Asset Partners LLC boosting its stake by 154.5% to 140,000 shares valued at $5 million.
• Analyst ratings for APi Group show a consensus “Buy” rating, with price targets ranging from $34.00 to $42.00, reflecting positive market sentiment about the company's future performance.

Northwestern Mutual Wealth Management Co. cut its holdings in APi Group Corporation (NYSE:APG - Free Report) by 76.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,299 shares of the company's stock after selling 17,575 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in APi Group were worth $189,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in APG. GAMMA Investing LLC grew its position in APi Group by 105.5% during the first quarter. GAMMA Investing LLC now owns 1,529 shares of the company's stock worth $55,000 after buying an additional 785 shares in the last quarter. Versant Capital Management Inc grew its position in APi Group by 339.0% during the first quarter. Versant Capital Management Inc now owns 1,633 shares of the company's stock worth $58,000 after buying an additional 1,261 shares in the last quarter. First Horizon Advisors Inc. grew its position in APi Group by 40.5% during the first quarter. First Horizon Advisors Inc. now owns 1,672 shares of the company's stock worth $60,000 after buying an additional 482 shares in the last quarter. Signaturefd LLC grew its position in APi Group by 6.7% during the first quarter. Signaturefd LLC now owns 4,067 shares of the company's stock worth $145,000 after buying an additional 256 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in APi Group by 1,341.9% during the first quarter. Farther Finance Advisors LLC now owns 5,162 shares of the company's stock worth $185,000 after buying an additional 4,804 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors.

APi Group Price Performance

Shares of NYSE:APG traded up $0.30 during trading on Wednesday, reaching $35.09. The stock had a trading volume of 3,756,018 shares, compared to its average volume of 2,465,910. APi Group Corporation has a 52 week low of $20.50 and a 52 week high of $36.55. The business's 50-day moving average price is $35.03 and its 200 day moving average price is $30.16. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.45 and a quick ratio of 1.37. The stock has a market capitalization of $14.60 billion, a PE ratio of 109.67 and a beta of 1.61.

APi Group (NYSE:APG - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. APi Group had a net margin of 3.35% and a return on equity of 21.33%. The company had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. APi Group's quarterly revenue was up 15.0% compared to the same quarter last year. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts predict that APi Group Corporation will post 1.83 earnings per share for the current year.

Insider Buying and Selling at APi Group

In other news, Director Martin E. Franklin sold 1,200,000 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $34.64, for a total value of $41,568,000.00. Following the completion of the transaction, the director owned 19,868,790 shares of the company's stock, valued at $688,254,885.60. The trade was a 5.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ian G. H. Ashken sold 205,550 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $35.24, for a total transaction of $7,243,582.00. Following the completion of the sale, the director owned 7,968,167 shares of the company's stock, valued at approximately $280,798,205.08. This represents a 2.51% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,789,843 shares of company stock worth $62,262,672. 17.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

APG has been the topic of a number of recent research reports. Robert W. Baird lifted their target price on APi Group from $31.33 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. UBS Group lifted their target price on APi Group from $32.00 to $36.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $34.67 price objective on shares of APi Group in a report on Friday, June 27th. JPMorgan Chase & Co. raised APi Group from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $31.00 to $42.00 in a report on Tuesday, July 15th. Finally, Barclays reaffirmed an "overweight" rating and set a $42.00 price objective (up from $40.00) on shares of APi Group in a report on Monday, August 4th. Eight equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $36.10.

APi Group Company Profile

APi Group Corporation provides safety and specialty services worldwide. It operates through Safety Services and Specialty Services segments. The Safety Services segment offers solutions focusing on end-to-end integrated occupancy systems, such as fire protection services; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, and service of these integrated systems.