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

A number of other institutional investors have also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its stake in shares of APi Group by 8.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 62,728 shares of the company's stock worth $2,256,000 after purchasing an additional 5,010 shares in the last quarter. Comerica Bank lifted its holdings in shares of APi Group by 18.9% in the fourth quarter. Comerica Bank now owns 10,264 shares of the company's stock valued at $369,000 after purchasing an additional 1,631 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in APi Group in the 4th quarter worth about $307,000. BNP Paribas Financial Markets purchased a new stake in APi Group in the 4th quarter worth about $584,000. Finally, Captrust Financial Advisors lifted its stake in APi Group by 50.0% in the 4th quarter. Captrust Financial Advisors now owns 14,508 shares of the company's stock worth $522,000 after acquiring an additional 4,839 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors.

APi Group Trading Down 0.2%

Shares of APi Group stock traded down $0.05 during trading hours on Friday, hitting $34.97. The company's stock had a trading volume of 1,986,760 shares, compared to its average volume of 2,418,798. APi Group Corporation has a 12 month low of $20.50 and a 12 month high of $36.55. The stock has a 50 day moving average of $34.95 and a 200 day moving average of $30.01. The company has a market capitalization of $14.54 billion, a PE ratio of 109.27 and a beta of 1.61. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.45 and a quick ratio of 1.37.

APi Group (NYSE:APG - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. APi Group had a return on equity of 21.33% and a net margin of 3.35%.The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the company earned $0.49 earnings per share. The company's revenue for the quarter 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. Analysts predict that APi Group Corporation will post 1.83 earnings per share for the current year.

Analysts Set New Price Targets

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

Insider Transactions at APi Group

In related news, Director James E. Lillie sold 190,000 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $34.88, for a total transaction of $6,627,200.00. Following the completion of the transaction, the director directly owned 7,443,101 shares of the company's stock, valued at approximately $259,615,362.88. This represents a 2.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ian G. H. Ashken sold 205,550 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $35.24, for a total value of $7,243,582.00. Following the transaction, the director directly owned 7,968,167 shares of the company's stock, valued at $280,798,205.08. This trade represents a 2.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,789,843 shares of company stock valued at $62,262,672 over the last three months. 17.00% of the stock is currently owned by corporate insiders.

APi Group 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.