Zurich Insurance Group Ltd FI Purchases 247,804 Shares of APi Group Co. (NYSE:APG)

Zurich Insurance Group Ltd FI boosted its stake in shares of APi Group Co. (NYSE:APG - Free Report) by 15.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,846,510 shares of the company's stock after buying an additional 247,804 shares during the quarter. Zurich Insurance Group Ltd FI owned approximately 0.67% of APi Group worth $69,484,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of APG. Vanguard Personalized Indexing Management LLC acquired a new position in APi Group during the 4th quarter worth about $245,000. PNC Financial Services Group Inc. lifted its holdings in APi Group by 51.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 34,953 shares of the company's stock worth $1,209,000 after buying an additional 11,878 shares during the period. UBS Group AG lifted its holdings in APi Group by 34.0% during the 4th quarter. UBS Group AG now owns 307,115 shares of the company's stock worth $10,626,000 after buying an additional 77,884 shares during the period. Franklin Resources Inc. lifted its holdings in APi Group by 3.0% during the 4th quarter. Franklin Resources Inc. now owns 25,494 shares of the company's stock worth $882,000 after buying an additional 733 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of APi Group by 43.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,280 shares of the company's stock valued at $44,000 after purchasing an additional 390 shares during the period. 86.62% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on APG. JPMorgan Chase & Co. dropped their price objective on APi Group from $37.00 to $34.00 and set a "neutral" rating on the stock in a research note on Friday, August 2nd. Barclays dropped their price objective on APi Group from $44.00 to $43.00 and set an "overweight" rating on the stock in a research note on Monday, August 5th. Finally, Robert W. Baird dropped their price objective on APi Group from $43.00 to $42.00 and set an "outperform" rating on the stock in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, APi Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.86.

Insider Transactions at APi Group

In related news, SVP Louis Lambert sold 6,333 shares of the company's stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $32.45, for a total value of $205,505.85. Following the transaction, the senior vice president now owns 8,100 shares in the company, valued at $262,845. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other APi Group news, SVP Louis Lambert sold 6,333 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $32.45, for a total transaction of $205,505.85. Following the sale, the senior vice president now owns 8,100 shares in the company, valued at $262,845. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Martin E. Franklin sold 178,346 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $35.26, for a total value of $6,288,479.96. Following the sale, the director now owns 14,267,479 shares in the company, valued at approximately $503,071,309.54. The disclosure for this sale can be found here. Insiders have sold 340,358 shares of company stock worth $11,653,157 in the last 90 days. Insiders own 16.40% of the company's stock.

APi Group Stock Down 3.0 %

APG traded down $1.03 during midday trading on Wednesday, reaching $32.96. 6,304,748 shares of the company were exchanged, compared to its average volume of 1,717,341. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.38 and a current ratio of 1.48. The company's fifty day moving average price is $34.93 and its 200 day moving average price is $36.75. The company has a market cap of $9.05 billion, a price-to-earnings ratio of -15.34 and a beta of 1.56. APi Group Co. has a one year low of $24.61 and a one year high of $39.98.

APi Group (NYSE:APG - Get Free Report) last announced its earnings results on Thursday, August 1st. The company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.02. APi Group had a return on equity of 36.53% and a net margin of 2.81%. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the business earned $0.41 EPS. The company's revenue was down 2.3% compared to the same quarter last year. As a group, analysts expect that APi Group Co. will post 1.86 EPS for the current year.

About APi Group

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.