TriNet Group, Inc. (NYSE:TNET) CTO Jeffery Jon Hayward Sells 2,345 Shares

TriNet Group, Inc. (NYSE:TNET) CTO Jeffery Jon Hayward sold 2,345 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $93.03, for a total value of $218,155.35. Following the completion of the transaction, the chief technology officer now owns 34,606 shares of the company’s stock, valued at approximately $3,219,396.18. This trade represents a 6.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Jeffery Jon Hayward also recently made the following trade(s):

• On Friday, November 22nd, Jeffery Jon Hayward sold 1,813 shares of TriNet Group stock. The stock was sold at an average price of $92.74, for a total transaction of $168,137.62.

TriNet Group Stock Down 1.7 %

NYSE:TNET opened at $92.68 on Wednesday. The firm has a 50-day simple moving average of $92.87 and a two-hundred day simple moving average of $98.30. The firm has a market cap of $4.59 billion, a P/E ratio of 17.86 and a beta of 1.21. TriNet Group, Inc. has a fifty-two week low of $74.32 and a fifty-two week high of $134.67. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Tuesday, October 1st were issued a $0.25 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.00 dividend on an annualized basis and a yield of 1.08%. TriNet Group’s payout ratio is currently 19.27%.

Hedge Funds Weigh In On TriNet Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rothschild Investment LLC purchased a new position in shares of TriNet Group in the second quarter worth $45,000. Blue Trust Inc. raised its position 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 buying an additional 104 shares during the last quarter. TD Private Client Wealth LLC lifted its position in TriNet Group by 25.5% during the third quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 121 shares during the period. Avion Wealth lifted its holdings in shares of TriNet Group by 19.2% during the 2nd quarter. Avion Wealth now owns 800 shares of the business services provider’s stock valued at $80,000 after buying an additional 129 shares during the period. Finally, KBC Group NV lifted its holdings in TriNet Group by 26.5% in the third quarter. KBC Group NV now owns 950 shares of the business services provider’s stock valued at $92,000 after acquiring an additional 199 shares during the period. 96.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on TNET shares. JPMorgan Chase & Co. reissued an “underweight” rating and set a $103.00 price objective on shares of TriNet Group in a research note on Tuesday, October 22nd. Needham & Company LLC cut TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 price target on the stock. in a research report on Monday, October 28th. Finally, TD Cowen raised their price objective on TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $117.00.

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.