Principal Financial Group Inc. Lowers Position in Insperity, Inc. (NYSE:NSP)

Principal Financial Group Inc. cut its stake in Insperity, Inc. (NYSE:NSP - Free Report) by 39.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,607 shares of the business services provider's stock after selling 54,216 shares during the period. Principal Financial Group Inc. owned 0.22% of Insperity worth $7,357,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Andina Capital Management LLC boosted its holdings in shares of Insperity by 5.4% during the second quarter. Andina Capital Management LLC now owns 2,736 shares of the business services provider's stock worth $250,000 after purchasing an additional 140 shares during the period. Grandeur Peak Global Advisors LLC lifted its stake in shares of Insperity by 0.3% in the first quarter. Grandeur Peak Global Advisors LLC now owns 43,984 shares of the business services provider's stock valued at $4,821,000 after buying an additional 146 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Insperity by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,075 shares of the business services provider's stock valued at $3,929,000 after buying an additional 150 shares during the period. Arizona State Retirement System raised its holdings in shares of Insperity by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 9,918 shares of the business services provider's stock worth $905,000 after buying an additional 185 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in shares of Insperity by 0.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 31,168 shares of the business services provider's stock valued at $3,418,000 after acquiring an additional 215 shares during the period. Institutional investors own 93.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on NSP shares. William Blair downgraded Insperity from an "outperform" rating to a "market perform" rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. began coverage on shares of Insperity in a research report on Tuesday, October 22nd. They issued an "underweight" rating and a $90.00 price objective on the stock. StockNews.com cut shares of Insperity from a "buy" rating to a "hold" rating in a research note on Monday, November 4th. Finally, Truist Financial dropped their target price on Insperity from $95.00 to $88.00 and set a "hold" rating on the stock in a report on Friday, November 1st. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, Insperity has an average rating of "Hold" and a consensus price target of $95.67.

Insperity Trading Down 1.1 %

Shares of NSP stock opened at $72.51 on Wednesday. Insperity, Inc. has a 52-week low of $71.70 and a 52-week high of $119.40. The business's fifty day moving average is $84.35 and its 200 day moving average is $91.73. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $2.71 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 2.05 and a beta of 1.12.

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.