Insider Selling: TriNet Group, Inc. (NYSE:TNET) Director Sells 600 Shares of Stock

TriNet Group, Inc. (NYSE:TNET - Get Free Report) Director Paul Edward Chamberlain sold 600 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $41,616.00. Following the transaction, the director now owns 36,991 shares of the company's stock, valued at approximately $2,565,695.76. The trade was a 1.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

TriNet Group Stock Performance

Shares of TNET traded down $1.06 during midday trading on Monday, reaching $72.65. 490,617 shares of the stock were exchanged, compared to its average volume of 421,440. TriNet Group, Inc. has a twelve month low of $65.43 and a twelve month high of $134.67. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 21.24 and a beta of 1.21. The business's 50-day moving average price is $87.15 and its 200 day moving average price is $91.91.

TriNet Group (NYSE:TNET - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The company 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%. On average, sell-side analysts expect that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

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TriNet Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, January 2nd. TriNet Group's dividend payout ratio is currently 29.24%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. TD Private Client Wealth LLC raised its position in TriNet Group by 25.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider's stock worth $58,000 after buying an additional 121 shares during the last quarter. Avion Wealth increased its stake in shares of TriNet Group by 14.9% during the fourth quarter. Avion Wealth now owns 1,081 shares of the business services provider's stock worth $98,000 after acquiring an additional 140 shares during the period. Summit Investment Advisors Inc. raised its holdings in TriNet Group by 4.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,344 shares of the business services provider's stock worth $304,000 after purchasing an additional 149 shares in the last quarter. Franklin Resources Inc. lifted its position in TriNet Group by 3.4% in the third quarter. Franklin Resources Inc. now owns 5,086 shares of the business services provider's stock valued at $499,000 after purchasing an additional 169 shares during the period. Finally, Linden Thomas Advisory Services LLC lifted its position in TriNet Group by 2.6% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 7,731 shares of the business services provider's stock valued at $702,000 after purchasing an additional 196 shares during the period. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TNET has been the subject of several recent analyst reports. Needham & Company LLC restated a "hold" rating on shares of TriNet Group in a research note on Friday, February 14th. TD Cowen downgraded shares of TriNet Group from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $104.00 to $74.00 in a research report on Tuesday, February 18th.

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.