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

Corebridge Financial Inc. trimmed its holdings in 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 fund owned 57,790 shares of the business services provider's stock after selling 3,314 shares during the quarter. Corebridge Financial Inc. owned 0.15% of Insperity worth $4,479,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NSP. Jones Financial Companies Lllp increased its position in Insperity by 493.2% during the 4th quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider's stock valued at $27,000 after purchasing an additional 291 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Insperity during the 3rd quarter valued at approximately $32,000. Millburn Ridgefield Corp purchased a new position in shares of Insperity during the 3rd quarter worth approximately $53,000. UMB Bank n.a. raised its position in shares of Insperity by 45.9% in the 4th quarter. UMB Bank n.a. now owns 849 shares of the business services provider's stock worth $66,000 after acquiring an additional 267 shares in the last quarter. Finally, Quarry LP boosted its position in shares of Insperity by 40.9% during the third quarter. Quarry LP now owns 1,533 shares of the business services provider's stock valued at $135,000 after purchasing an additional 445 shares in the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Insperity Stock Performance

NSP traded down $0.53 during midday trading on Wednesday, hitting $89.39. 274,268 shares of the company traded hands, compared to its average volume of 324,518. The company's 50-day moving average is $84.69 and its 200 day moving average is $82.41. Insperity, Inc. has a 52 week low of $68.79 and a 52 week high of $109.80. The firm has a market capitalization of $3.33 billion, a PE ratio of 37.09 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.

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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. This represents a $2.40 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date was Thursday, March 13th. Insperity's dividend payout ratio (DPR) is presently 99.59%.

Insider Buying and Selling at Insperity

In other news, COO Arthur A. Arizpe sold 6,000 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $84.68, for a total value of $508,080.00. Following the completion of the sale, the chief operating officer now directly owns 72,551 shares of the company's stock, valued at $6,143,618.68. This represents a 7.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ellen H. Masterson acquired 1,755 shares of the firm's stock in a transaction dated Wednesday, February 12th. The shares were purchased at an average price of $85.75 per share, for a total transaction of $150,491.25. Following the completion of the transaction, the director now directly owns 16,612 shares in the company, valued at approximately $1,424,479. This trade represents a 11.81 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com raised 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 given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Insperity currently has an average rating of "Hold" and a consensus price target of $95.67.

About Insperity

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.