JNBA Financial Advisors Sells 3,049 Shares of APi Group Corporation $APG

JNBA Financial Advisors decreased its holdings in shares of APi Group Corporation (NYSE:APG) by 1.0% in the second quarter, HoldingsChannel reports. The fund owned 314,601 shares of the company’s stock after selling 3,049 shares during the quarter. APi Group makes up about 1.5% of JNBA Financial Advisors’ portfolio, making the stock its 15th largest holding. JNBA Financial Advisors’ holdings in APi Group were worth $16,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. SVB Wealth LLC purchased a new position in APi Group during the first quarter valued at approximately $38,000. Ulland Investment Advisors LLC lifted its position in shares of APi Group by 41.5% in the second quarter. Ulland Investment Advisors LLC now owns 1,500 shares of the company’s stock valued at $77,000 after acquiring an additional 440 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of APi Group by 105.5% in the first quarter. GAMMA Investing LLC now owns 1,529 shares of the company’s stock valued at $55,000 after acquiring an additional 785 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of APi Group by 40.5% in 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. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of APi Group in the second quarter worth $98,000. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on APG. Wall Street Zen upgraded shares of APi Group from a “hold” rating to a “buy” rating in a research note on Sunday, July 13th. Barclays reiterated an “overweight” rating and issued a $42.00 target price (up from $40.00) on shares of APi Group in a research report on Monday, August 4th. 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 upped their price objective for the stock from $31.00 to $42.00 in a report on Tuesday, July 15th. Finally, Zacks Research downgraded shares of APi Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Eight 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, the stock has an average rating of “Moderate Buy” and an average price target of $36.10.

Insider Activity

In other news, Director James E. Lillie sold 95,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $35.23, for a total value of $3,346,850.00. Following the sale, the director directly owned 7,348,101 shares in the company, valued at approximately $258,873,598.23. This represents a 1.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Martin E. Franklin sold 1,200,000 shares of the 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 owned 19,868,790 shares in the company, valued at approximately $688,254,885.60. The trade was a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,789,843 shares of company stock valued at $62,262,672. Company insiders own 17.00% of the company’s stock.

APi Group Stock Performance

NYSE:APG opened at $34.04 on Friday. APi Group Corporation has a fifty-two week low of $20.50 and a fifty-two week high of $36.55. The firm has a market capitalization of $14.16 billion, a PE ratio of 106.38 and a beta of 1.62. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.45. The stock’s fifty day moving average is $35.05 and its 200 day moving average is $31.62.

APi Group (NYSE:APG) last announced its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. APi Group had a net margin of 3.35% and a return on equity of 21.33%. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the firm posted $0.49 earnings per share. The business’s revenue for the quarter 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. On average, sell-side analysts anticipate that APi Group Corporation will post 1.83 earnings per share for the current year.

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.