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 company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $106.50, for a total transaction of $39,937.50. Following the completion of the sale, the director now directly owns 37,966 shares in the company, valued at $4,043,379. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

TriNet Group Stock Performance

Shares of NYSE:TNET traded down $1.65 during trading on Friday, hitting $100.47. The company’s stock had a trading volume of 254,859 shares, compared to its average volume of 285,553. The company has a 50-day moving average of $103.96 and a 200-day moving average of $114.20. TriNet Group, Inc. has a 12 month low of $96.76 and a 12 month high of $134.67. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.04 and a quick ratio of 1.06. The firm has a market cap of $4.99 billion, a price-to-earnings ratio of 16.74 and a beta of 1.19.

TriNet Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 1st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Monday, July 1st. TriNet Group’s dividend payout ratio (DPR) is presently 16.39%.

Analyst Ratings Changes

A number of brokerages recently issued reports on TNET. 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 reiterated a “buy” rating and issued a $140.00 price target on shares of TriNet Group in a research note on Monday. Finally, TD Cowen dropped their price target on shares of TriNet Group from $132.00 to $118.00 and set a “buy” rating on the stock in a research note on Monday, June 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $119.20.

Hedge Funds Weigh In On TriNet Group

Several institutional investors have recently made changes to their positions in the business. Principal Securities Inc. purchased a new stake in TriNet Group in the 4th quarter worth approximately $26,000. Rothschild Investment LLC purchased a new stake in TriNet Group in the 2nd quarter worth approximately $45,000. Blue Trust Inc. increased its holdings in TriNet Group by 24.9% in the 2nd quarter. Blue Trust Inc. now owns 522 shares of the business services provider’s stock worth $52,000 after acquiring an additional 104 shares in the last quarter. Avion Wealth increased its holdings in TriNet Group by 22.9% in the 4th quarter. Avion Wealth now owns 569 shares of the business services provider’s stock worth $68,000 after acquiring an additional 106 shares in the last quarter. Finally, LRI Investments LLC purchased a new stake in TriNet Group in the 1st quarter worth approximately $81,000. Institutional investors own 96.81% of the company’s stock.

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.