Securian Asset Management Inc. Takes $947,000 Position in APi Group Corporation $APG

Securian Asset Management Inc. acquired a new position in shares of APi Group Corporation (NYSE:APG) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 18,553 shares of the company’s stock, valued at approximately $947,000.

A number of other hedge funds have also recently added to or reduced their stakes in APG. Vista Finance LLC acquired a new position in shares of APi Group in the 2nd quarter valued at about $205,000. Mutual of America Capital Management LLC acquired a new position in APi Group during the 2nd quarter worth approximately $6,185,000. Koshinski Asset Management Inc. acquired a new position in APi Group during the 2nd quarter worth approximately $272,000. Applied Finance Capital Management LLC acquired a new position in APi Group during the 2nd quarter worth approximately $349,000. Finally, WCM Investment Management LLC lifted its position in APi Group by 2.8% during the 2nd quarter. WCM Investment Management LLC now owns 111,516 shares of the company’s stock worth $5,673,000 after acquiring an additional 3,081 shares in the last quarter. 86.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on APG. Zacks Research lowered APi Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Wall Street Zen upgraded APi Group from a “hold” rating to a “buy” rating in a report on Sunday, July 13th. JPMorgan Chase & Co. upgraded APi Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $31.00 to $42.00 in a report on Tuesday, July 15th. Barclays restated 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. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of APi Group in a report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, APi Group has a consensus rating of “Moderate Buy” and a consensus target price of $36.10.

APi Group Price Performance

Shares of NYSE APG opened at $34.58 on Friday. APi Group Corporation has a twelve month low of $20.50 and a twelve month high of $36.55. The company has a current ratio of 1.45, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $14.38 billion, a price-to-earnings ratio of 108.08 and a beta of 1.62. The business has a 50 day simple moving average of $34.95 and a 200-day simple moving average of $32.31.

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

Insider Transactions at APi Group

In other news, Director Martin E. Franklin sold 1,200,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $34.64, for a total value of $41,568,000.00. Following the completion of the sale, the director directly owned 19,868,790 shares in the company, valued at approximately $688,254,885.60. The trade was a 5.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James E. Lillie sold 95,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $35.23, for a total value of $3,346,850.00. Following the completion of the sale, the director owned 7,348,101 shares of the company’s stock, valued at $258,873,598.23. This trade represents a 1.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,789,843 shares of company stock valued at $62,262,672 over the last 90 days. Insiders own 17.00% of the company’s stock.

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.