Vestcor Inc Has $553,000 Stock Holdings in Insperity, Inc. (NYSE:NSP)

Vestcor Inc grew its stake in Insperity, Inc. (NYSE:NSP) by 72.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,136 shares of the business services provider’s stock after buying an additional 2,997 shares during the period. Vestcor Inc’s holdings in Insperity were worth $553,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its stake in shares of Insperity by 493.2% in the fourth quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider’s stock valued at $27,000 after buying an additional 291 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Insperity in the third quarter valued at about $32,000. Millburn Ridgefield Corp acquired a new stake in shares of Insperity in the third quarter valued at about $53,000. UMB Bank n.a. boosted its position in shares of Insperity by 45.9% during the 4th quarter. UMB Bank n.a. now owns 849 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 267 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of Insperity by 26.4% during the 3rd quarter. KBC Group NV now owns 1,034 shares of the business services provider’s stock valued at $91,000 after purchasing an additional 216 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Insperity from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $95.67.

Insperity Stock Up 2.0 %

Shares of Insperity stock opened at $89.10 on Monday. Insperity, Inc. has a one year low of $68.79 and a one year high of $110.72. The company has a debt-to-equity ratio of 3.80, a current ratio of 1.08 and a quick ratio of 1.08. The stock’s 50-day moving average is $81.84 and its 200 day moving average is $82.47. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 36.97 and a beta of 1.02.

Insperity Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, March 13th. This represents a $2.40 annualized dividend and a dividend yield of 2.69%. Insperity’s payout ratio is 99.59%.

Insiders Place Their Bets

In other Insperity news, CEO Paul J. Sarvadi sold 25,000 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $84.32, for a total value of $2,108,000.00. Following the transaction, the chief executive officer now owns 436,584 shares in the company, valued at approximately $36,812,762.88. This represents a 5.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Arthur A. Arizpe sold 6,000 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $84.68, for a total value of $508,080.00. Following the completion of the transaction, the chief operating officer now owns 72,551 shares in the company, valued at approximately $6,143,618.68. The trade was a 7.64 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.50% of the company’s stock.

Insperity Company Profile

Insperity, Inc engages in the provision of human resources (HR) and business solutions to improve business performance for small and medium-sized businesses primarily in the United States. It offers its HR services through its workforce optimization and workforce synchronization solutions that include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.