KLP Kapitalforvaltning AS Purchases Shares of 10,000 TriNet Group, Inc. (NYSE:TNET)

KLP Kapitalforvaltning AS purchased a new stake in TriNet Group, Inc. (NYSE:TNET - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the business services provider's stock, valued at approximately $908,000.

Several other large investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its position in shares of TriNet Group by 11.4% in the third quarter. JPMorgan Chase & Co. now owns 385,335 shares of the business services provider's stock valued at $37,366,000 after purchasing an additional 39,351 shares during the last quarter. Simcoe Capital Management LLC acquired a new position in TriNet Group in the 3rd quarter valued at $16,966,000. Tidal Investments LLC grew its holdings in TriNet Group by 5.4% in the 3rd quarter. Tidal Investments LLC now owns 5,121 shares of the business services provider's stock valued at $495,000 after buying an additional 263 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of TriNet Group by 16.2% during the third quarter. Wellington Management Group LLP now owns 1,321,737 shares of the business services provider's stock worth $128,169,000 after buying an additional 184,186 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of TriNet Group by 4.2% during the fourth quarter. Nordea Investment Management AB now owns 160,991 shares of the business services provider's stock worth $14,732,000 after buying an additional 6,420 shares in the last quarter. 96.81% of the stock is owned by institutional investors.

TriNet Group Price Performance

TriNet Group stock traded down $2.33 during trading hours on Thursday, reaching $77.22. 323,859 shares of the stock were exchanged, compared to its average volume of 365,282. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 13.16. TriNet Group, Inc. has a twelve month low of $65.43 and a twelve month high of $134.67. The company has a market cap of $3.82 billion, a P/E ratio of 22.58 and a beta of 1.26. The stock has a 50 day moving average of $80.63 and a two-hundred day moving average of $88.49.

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TriNet Group (NYSE:TNET - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The business had revenue of $252.00 million for the quarter, compared to analyst estimates of $225.72 million. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. Equities analysts expect that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.275 per share. The ex-dividend date is Tuesday, April 1st. This is an increase from TriNet Group's previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 1.42%. TriNet Group's dividend payout ratio is 32.16%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of TriNet Group in a research report on Thursday, March 13th. TD Cowen downgraded shares of TriNet Group from a "buy" rating to a "hold" rating and dropped their price target for the company from $104.00 to $74.00 in a research report on Tuesday, February 18th.

Insider Activity at TriNet Group

In other TriNet Group news, Director Paul Edward Chamberlain sold 600 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total value of $41,616.00. Following the sale, the director now owns 36,991 shares in the company, valued at approximately $2,565,695.76. The trade was a 1.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Jeffery Jon Hayward sold 7,784 shares of the company's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $89.57, for a total value of $697,212.88. Following the completion of the sale, the chief technology officer now owns 21,769 shares in the company, valued at $1,949,849.33. The trade was a 26.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,748 shares of company stock valued at $833,436 in the last 90 days. 37.10% of the stock is owned by corporate insiders.

TriNet Group 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.