TriNet Group, Inc. (NYSE:TNET) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of TriNet Group, Inc. (NYSE:TNET) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,439 shares of the business services provider’s stock after purchasing an additional 705 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in TriNet Group were worth $2,074,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Amundi bought a new position in TriNet Group in the 4th quarter worth approximately $33,000. Captrust Financial Advisors grew its holdings in TriNet Group by 78.7% in the 2nd quarter. Captrust Financial Advisors now owns 620 shares of the business services provider’s stock worth $48,000 after buying an additional 273 shares in the last quarter. Avion Wealth grew its holdings in TriNet Group by 30.8% in the 3rd quarter. Avion Wealth now owns 463 shares of the business services provider’s stock worth $53,000 after buying an additional 109 shares in the last quarter. Royal Bank of Canada grew its holdings in TriNet Group by 31.7% in the 3rd quarter. Royal Bank of Canada now owns 1,017 shares of the business services provider’s stock worth $72,000 after buying an additional 245 shares in the last quarter. Finally, Ronald Blue Trust Inc. grew its holdings in TriNet Group by 351.0% in the 3rd quarter. Ronald Blue Trust Inc. now owns 690 shares of the business services provider’s stock worth $80,000 after buying an additional 537 shares in the last quarter. 96.81% of the stock is currently owned by institutional investors and hedge funds.

TriNet Group Price Performance

Shares of NYSE:TNET opened at $128.26 on Friday. TriNet Group, Inc. has a one year low of $79.00 and a one year high of $134.67. The stock has a fifty day moving average of $127.27 and a 200-day moving average of $119.15. The company has a market capitalization of $6.49 billion, a PE ratio of 19.76 and a beta of 1.09. The company has a debt-to-equity ratio of 12.62, a quick ratio of 1.05 and a current ratio of 1.05.

TriNet Group (NYSE:TNET) last announced its quarterly earnings data on Thursday, February 15th. The business services provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.46. TriNet Group had a return on equity of 87.97% and a net margin of 7.62%. The company had revenue of $326.00 million during the quarter, compared to the consensus estimate of $300.36 million. As a group, equities analysts anticipate that TriNet Group, Inc. will post 5.79 EPS for the current fiscal year.

TriNet Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Monday, April 1st will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, March 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.78%. TriNet Group’s dividend payout ratio (DPR) is presently 15.41%.

Insider Activity

In other news, SVP Alexander G. Warren sold 2,385 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $123.07, for a total value of $293,521.95. Following the completion of the sale, the senior vice president now owns 18,365 shares in the company, valued at $2,260,180.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Alexander G. Warren sold 2,385 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $123.07, for a total value of $293,521.95. Following the completion of the sale, the senior vice president now owns 18,365 shares in the company, valued at $2,260,180.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Samantha Wellington sold 14,271 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $124.88, for a total value of $1,782,162.48. Following the completion of the sale, the executive vice president now owns 48,562 shares of the company’s stock, valued at approximately $6,064,422.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,835 shares of company stock worth $4,161,834. Insiders own 37.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TNET shares. Stifel Nicolaus increased their price objective on TriNet Group from $117.00 to $121.00 and gave the stock a “buy” rating in a report on Friday, February 16th. StockNews.com raised TriNet Group from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. TD Cowen increased their price target on TriNet Group from $129.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price target on shares of TriNet Group in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $119.17.

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.