TriNet Group, Inc. (NYSE:TNET) Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its position in TriNet Group, Inc. (NYSE:TNET) by 11.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,624 shares of the business services provider’s stock after acquiring an additional 1,988 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in TriNet Group were worth $1,903,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Rothschild Investment LLC acquired a new stake in shares of TriNet Group in the second quarter valued at approximately $45,000. Blue Trust Inc. lifted its holdings in shares of TriNet Group by 24.9% during the second quarter. Blue Trust Inc. now owns 522 shares of the business services provider’s stock worth $52,000 after purchasing an additional 104 shares during the period. Avion Wealth lifted its holdings in shares of TriNet Group by 19.2% during the second quarter. Avion Wealth now owns 800 shares of the business services provider’s stock worth $80,000 after purchasing an additional 129 shares during the period. LRI Investments LLC acquired a new stake in shares of TriNet Group during the first quarter worth $81,000. Finally, Headlands Technologies LLC acquired a new stake in shares of TriNet Group during the second quarter worth $93,000. 96.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Kelly L. Tuminelli sold 4,683 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $102.96, for a total value of $482,161.68. Following the completion of the transaction, the chief financial officer now owns 82,409 shares in the company, valued at $8,484,830.64. This trade represents a 5.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $86.23, for a total value of $32,336.25. Following the completion of the transaction, the director now owns 37,591 shares of the company’s stock, valued at approximately $3,241,471.93. This represents a 0.99 % decrease in their position. The disclosure for this sale can be found here. 37.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TNET has been the subject of several recent research reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $103.00 price target on shares of TriNet Group in a report on Tuesday, October 22nd. Needham & Company LLC downgraded TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 price target for the company. in a report on Monday, October 28th. Finally, TD Cowen decreased their price target on TriNet Group from $110.00 to $92.00 and set a “buy” rating for the company in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $114.00.

TriNet Group Trading Down 4.8 %

NYSE:TNET opened at $91.71 on Monday. The stock has a fifty day moving average price of $93.81 and a two-hundred day moving average price of $99.18. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 17.67 and a beta of 1.20. The company has a debt-to-equity ratio of 7.70, a quick ratio of 1.07 and a current ratio of 1.07. TriNet Group, Inc. has a 1 year low of $74.32 and a 1 year high of $134.67.

TriNet Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Tuesday, October 1st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Tuesday, October 1st. TriNet Group’s payout ratio is 19.27%.

About TriNet Group

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.