Corebridge Financial Inc. Sells 3,314 Shares of Insperity, Inc. (NYSE:NSP)

Corebridge Financial Inc. trimmed its stake in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 57,790 shares of the business services provider's stock after selling 3,314 shares during the quarter. Corebridge Financial Inc. owned about 0.15% of Insperity worth $4,479,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its position in shares of Insperity by 66.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 47,477 shares of the business services provider's stock worth $4,178,000 after acquiring an additional 18,968 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Insperity by 58.3% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 34,200 shares of the business services provider's stock valued at $3,010,000 after purchasing an additional 12,600 shares in the last quarter. Verition Fund Management LLC increased its stake in shares of Insperity by 274.2% in the 3rd quarter. Verition Fund Management LLC now owns 14,306 shares of the business services provider's stock valued at $1,259,000 after purchasing an additional 10,483 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Insperity in the 3rd quarter valued at $1,589,000. Finally, Holocene Advisors LP raised its holdings in shares of Insperity by 222.3% during the 3rd quarter. Holocene Advisors LP now owns 27,154 shares of the business services provider's stock worth $2,390,000 after buying an additional 18,728 shares in the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Insperity news, Director Ellen H. Masterson bought 1,755 shares of Insperity stock in a transaction on Wednesday, February 12th. The shares were purchased at an average cost of $85.75 per share, with a total value of $150,491.25. Following the acquisition, the director now directly owns 16,612 shares of the company's stock, valued at $1,424,479. The trade was a 11.81 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Paul J. Sarvadi sold 25,000 shares of the firm's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $84.32, for a total transaction of $2,108,000.00. Following the transaction, the chief executive officer now directly owns 436,584 shares of the company's stock, valued at $36,812,762.88. The trade was a 5.42 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.50% of the company's stock.

Insperity Price Performance

Shares of NYSE NSP traded down $3.25 during midday trading on Friday, reaching $84.57. 468,751 shares of the company were exchanged, compared to its average volume of 325,585. The stock's 50-day moving average price is $85.20 and its 200-day moving average price is $82.47. The stock has a market cap of $3.15 billion, a P/E ratio of 35.09 and a beta of 1.02. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.80. Insperity, Inc. has a one year low of $68.79 and a one year high of $109.80.

Insperity Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $0.60 per share. The ex-dividend date was Thursday, March 13th. This represents a $2.40 dividend on an annualized basis and a yield of 2.84%. Insperity's dividend payout ratio is currently 99.59%.

Insperity 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.