New York Life Investment Management LLC Invests $694,000 in TriNet Group, Inc. (NYSE:TNET)

New York Life Investment Management LLC bought a new stake in TriNet Group, Inc. (NYSE:TNET) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,832 shares of the business services provider’s stock, valued at approximately $694,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. grew its position in shares of TriNet Group by 2.7% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 871,125 shares of the business services provider’s stock valued at $101,469,000 after acquiring an additional 23,194 shares during the period. Massachusetts Financial Services Co. MA increased its position in TriNet Group by 84.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 807,212 shares of the business services provider’s stock worth $94,024,000 after buying an additional 369,144 shares during the last quarter. Royal London Asset Management Ltd. raised its stake in TriNet Group by 2.1% in the third quarter. Royal London Asset Management Ltd. now owns 239,604 shares of the business services provider’s stock valued at $27,920,000 after buying an additional 4,914 shares during the period. Bank of New York Mellon Corp lifted its position in shares of TriNet Group by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 181,542 shares of the business services provider’s stock valued at $21,146,000 after buying an additional 1,907 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its stake in shares of TriNet Group by 253.6% during the 4th quarter. Wedge Capital Management L L P NC now owns 144,083 shares of the business services provider’s stock worth $17,136,000 after acquiring an additional 103,330 shares during the period. 96.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TriNet Group

In other TriNet Group news, Director Paul Edward Chamberlain sold 375 shares of the 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 sale, the director now directly owns 36,341 shares in the company, valued at $3,671,167.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Samantha Wellington sold 14,271 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $124.88, for a total transaction of $1,782,162.48. Following the completion of the sale, the executive vice president now directly owns 48,562 shares in the company, valued at approximately $6,064,422.56. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Paul Edward Chamberlain sold 375 shares of TriNet Group stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $101.02, for a total value of $37,882.50. Following the completion of the transaction, the director now owns 36,341 shares in the company, valued at approximately $3,671,167.82. The disclosure for this sale can be found here. Insiders sold a total of 31,427 shares of company stock valued at $3,875,024 over the last quarter. 37.10% of the stock is owned by corporate insiders.

TriNet Group Trading Down 1.7 %

TNET stock opened at $103.25 on Thursday. TriNet Group, Inc. has a 52 week low of $87.20 and a 52 week high of $134.67. The company has a debt-to-equity ratio of 6.88, a quick ratio of 1.06 and a current ratio of 1.06. The company’s 50-day simple moving average is $124.06 and its 200 day simple moving average is $118.51. The company has a market capitalization of $5.22 billion, a PE ratio of 16.93 and a beta of 1.16.

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

TriNet Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 1st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Thursday, March 28th. TriNet Group’s payout ratio is currently 16.39%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. TD Cowen raised their price target on TriNet Group from $129.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, March 4th. StockNews.com cut shares of TriNet Group from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. Needham & Company LLC reduced their target price on shares of TriNet Group from $150.00 to $140.00 and set a “buy” rating for the company in a report on Friday, April 26th. Finally, Stifel Nicolaus increased their price target on shares of TriNet Group from $117.00 to $121.00 and gave the company a “buy” rating in a report on Friday, February 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $117.50.

TriNet Group 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.