Insider Selling: TriNet Group, Inc. (NYSE:TNET) Director Sells 375 Shares of Stock

TriNet Group, Inc. (NYSE:TNET) Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $101.02, for a total transaction of $37,882.50. Following the transaction, the director now directly owns 36,341 shares in the company, valued at approximately $3,671,167.82. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

TriNet Group Trading Down 0.8 %

Shares of NYSE TNET opened at $101.13 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 6.88. TriNet Group, Inc. has a 12 month low of $87.20 and a 12 month high of $134.67. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 16.58 and a beta of 1.16. The business has a fifty day simple moving average of $125.63 and a 200-day simple moving average of $118.76.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Thursday, February 15th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.46. TriNet Group had a return on equity of 124.38% and a net margin of 6.78%. The firm had revenue of $326.00 million for the quarter, compared to the consensus estimate of $300.36 million. Sell-side analysts predict that TriNet Group, Inc. will post 4.78 EPS for the current year.

TriNet Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 1st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Thursday, March 28th. TriNet Group’s dividend payout ratio is 16.39%.

Analyst Ratings Changes

A number of research firms recently commented on TNET. TD Cowen raised their price objective on shares of TriNet Group from $129.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. Needham & Company LLC lowered their price target on TriNet Group from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. StockNews.com lowered TriNet Group from a “buy” rating to a “hold” rating in a report on Monday, April 29th. Finally, Stifel Nicolaus lifted their target price on TriNet Group from $117.00 to $121.00 and gave the stock a “buy” rating in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, TriNet Group currently has an average rating of “Hold” and a consensus price target of $117.50.

Hedge Funds Weigh In On TriNet Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oliver Luxxe Assets LLC lifted its holdings in shares of TriNet Group by 1.4% in the first quarter. Oliver Luxxe Assets LLC now owns 5,860 shares of the business services provider’s stock valued at $776,000 after purchasing an additional 83 shares in the last quarter. SummerHaven Investment Management LLC boosted its position in TriNet Group by 1.2% during the 4th quarter. SummerHaven Investment Management LLC now owns 7,999 shares of the business services provider’s stock worth $951,000 after acquiring an additional 91 shares during the period. Jennison Associates LLC boosted its position in TriNet Group by 1.8% during the 1st quarter. Jennison Associates LLC now owns 5,663 shares of the business services provider’s stock worth $750,000 after acquiring an additional 99 shares during the period. Nisa Investment Advisors LLC grew its stake in TriNet Group by 12.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 880 shares of the business services provider’s stock valued at $105,000 after acquiring an additional 100 shares in the last quarter. Finally, Avion Wealth increased its holdings in shares of TriNet Group by 22.9% in the 4th quarter. Avion Wealth now owns 569 shares of the business services provider’s stock valued at $68,000 after purchasing an additional 106 shares during the period. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

TriNet Group Company Profile

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.