Insider Selling: TriNet Group, Inc. (NYSE:TNET) Director Sells 600 Shares of Stock

TriNet Group, Inc. (NYSE:TNET) Director Paul Edward Chamberlain sold 600 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $41,616.00. Following the completion of the sale, the director now owns 36,991 shares of the company’s stock, valued at $2,565,695.76. This trade represents a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

TriNet Group Stock Performance

Shares of NYSE TNET traded up $1.52 during mid-day trading on Thursday, hitting $73.02. 611,092 shares of the company were exchanged, compared to its average volume of 417,466. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 21.35 and a beta of 1.21. The stock has a 50 day simple moving average of $87.79 and a 200-day simple moving average of $92.19. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 13.16. TriNet Group, Inc. has a 1-year low of $65.43 and a 1-year high of $134.67.

TriNet Group (NYSE:TNET) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $252.00 million during the quarter, compared to analysts’ expectations of $225.72 million. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. On average, sell-side analysts forecast that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.00 annualized dividend and a yield of 1.37%. TriNet Group’s dividend payout ratio (DPR) is presently 29.24%.

Institutional Investors Weigh In On TriNet Group

Institutional investors have recently added to or reduced their stakes in the company. TD Private Client Wealth LLC raised its position in TriNet Group by 25.5% in 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. LRI Investments LLC lifted its position in shares of TriNet Group by 643.8% during the fourth quarter. LRI Investments LLC now owns 662 shares of the business services provider’s stock worth $60,000 after purchasing an additional 573 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of TriNet Group by 45.5% in the fourth quarter. IFP Advisors Inc now owns 767 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 240 shares during the period. KBC Group NV grew its holdings in TriNet Group by 26.5% during the 3rd quarter. KBC Group NV now owns 950 shares of the business services provider’s stock valued at $92,000 after purchasing an additional 199 shares in the last quarter. Finally, Avion Wealth increased its stake in TriNet Group by 14.9% during the 4th quarter. Avion Wealth now owns 1,081 shares of the business services provider’s stock worth $98,000 after buying an additional 140 shares during the period. Hedge funds and other institutional investors own 96.81% of the company’s stock.

Analysts Set New Price Targets

TNET has been the subject of several research reports. TD Cowen downgraded shares of TriNet Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $104.00 to $74.00 in a report on Tuesday, February 18th. Needham & Company LLC reiterated a “hold” rating on shares of TriNet Group in a research report on Friday, February 14th.

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.