16,959 Shares in TriNet Group, Inc. $TNET Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company acquired a new position in shares of TriNet Group, Inc. (NYSE:TNET) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,959 shares of the business services provider’s stock, valued at approximately $839,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TNET. BlackRock Inc. acquired a new stake in shares of TriNet Group in the second quarter valued at about $128,161,000. Boston Partners acquired a new position in shares of TriNet Group during the 3rd quarter worth about $97,712,000. Northwestern Mutual Wealth Management Co. raised its position in shares of TriNet Group by 5,911,158.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 709,351 shares of the business services provider’s stock worth $41,944,000 after purchasing an additional 709,339 shares during the last quarter. Norges Bank purchased a new position in TriNet Group in the 4th quarter valued at about $28,266,000. Finally, Millennium Management LLC lifted its stake in TriNet Group by 1,047.5% in the 4th quarter. Millennium Management LLC now owns 468,030 shares of the business services provider’s stock valued at $27,675,000 after buying an additional 427,242 shares in the last quarter. 96.81% of the stock is owned by hedge funds and other institutional investors.

TriNet Group Stock Performance

TNET opened at $69.00 on Friday. TriNet Group, Inc. has a twelve month low of $33.60 and a twelve month high of $73.07. The firm has a market capitalization of $3.17 billion, a PE ratio of 18.45 and a beta of 0.94. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 7.17. The firm’s 50-day moving average price is $63.93 and its 200 day moving average price is $48.94.

TriNet Group (NYSE:TNET) last released its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.62. TriNet Group had a net margin of 3.58% and a return on equity of 227.28%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the firm earned $1.15 EPS. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. As a group, sell-side analysts expect that TriNet Group, Inc. will post 3.87 EPS for the current fiscal year.

TriNet Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Wednesday, July 1st were given a $0.29 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.7%. TriNet Group’s dividend payout ratio is 31.02%.

Insider Buying and Selling

In related news, Director Paul Chamberlain sold 2,400 shares of TriNet Group stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $69.70, for a total transaction of $167,280.00. Following the transaction, the director owned 40,175 shares in the company, valued at approximately $2,800,197.50. This trade represents a 5.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Wayne Lowell sold 5,773 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $68.71, for a total value of $396,662.83. Following the transaction, the director directly owned 86,449 shares in the company, valued at $5,939,910.79. This trade represents a 6.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 10,016 shares of company stock worth $691,600 in the last three months. Company insiders own 40.00% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on TNET. Weiss Ratings upgraded TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 25th. Zacks Research downgraded TriNet Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. Truist Financial lifted their price target on TriNet Group from $50.00 to $62.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. boosted their price target on TriNet Group from $45.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, July 31st. Finally, TD Cowen increased their price objective on TriNet Group from $46.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $56.80.

About TriNet Group

TriNet Group, Inc is a leading professional employer organization (PEO) that offers integrated human capital management solutions to small and medium-size businesses. Through a bundled suite of services, TriNet manages payroll administration, employee benefits, workers’ compensation, risk mitigation and federal and state compliance. Its cloud-based platform provides clients with centralized access to HR tools, analytics and streamlined workforce management capabilities.

Founded in 1988 and headquartered in Dublin, California, TriNet has grown to support thousands of organizations across the United States.