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 TriNet Group stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $86.23, for a total transaction of $32,336.25. Following the completion of the sale, the director now directly owns 37,591 shares of the company’s stock, valued at approximately $3,241,471.93. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

TriNet Group Price Performance

TNET opened at $84.03 on Friday. The firm’s fifty day moving average price is $95.46 and its two-hundred day moving average price is $101.19. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 16.19 and a beta of 1.20. The company has a debt-to-equity ratio of 7.70, a current ratio of 1.07 and a quick ratio of 1.04. TriNet Group, Inc. has a 1 year low of $74.32 and a 1 year high of $134.67.

TriNet Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Tuesday, October 1st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.19%. The ex-dividend date was Tuesday, October 1st. TriNet Group’s dividend payout ratio (DPR) is presently 19.27%.

Analyst Ratings Changes

A number of research analysts have weighed in on TNET shares. TD Cowen dropped their price objective on shares of TriNet Group from $110.00 to $92.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $103.00 price target on shares of TriNet Group in a research report on Tuesday, October 22nd. Finally, 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 research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $113.20.

Institutional Investors Weigh In On TriNet Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of TriNet Group by 1.9% in the first quarter. Vanguard Group Inc. now owns 2,838,347 shares of the business services provider’s stock valued at $376,053,000 after acquiring an additional 52,240 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in TriNet Group by 9.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,217,214 shares of the business services provider’s stock worth $121,721,000 after purchasing an additional 103,809 shares during the last quarter. Jane Street Group LLC boosted its position in TriNet Group by 67.7% in the first quarter. Jane Street Group LLC now owns 1,149,929 shares of the business services provider’s stock worth $152,354,000 after purchasing an additional 464,289 shares during the last quarter. Earnest Partners LLC grew its stake in TriNet Group by 1.9% in the 2nd quarter. Earnest Partners LLC now owns 915,043 shares of the business services provider’s stock valued at $91,504,000 after purchasing an additional 16,708 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of TriNet Group by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 823,019 shares of the business services provider’s stock valued at $82,304,000 after purchasing an additional 9,386 shares during the last quarter. Hedge funds and other institutional investors own 96.81% of the company’s stock.

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.