Mirae Asset Global Investments Co. Ltd. Has $1.98 Million Position in Insperity, Inc. (NYSE:NSP)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in Insperity, Inc. (NYSE:NSP - Free Report) by 18.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,811 shares of the business services provider's stock after purchasing an additional 3,999 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.07% of Insperity worth $1,983,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Inspire Investing LLC grew its position in shares of Insperity by 19.7% in the 3rd quarter. Inspire Investing LLC now owns 4,660 shares of the business services provider's stock valued at $410,000 after acquiring an additional 768 shares during the period. Creative Planning grew its position in shares of Insperity by 14.6% in the 3rd quarter. Creative Planning now owns 4,104 shares of the business services provider's stock valued at $361,000 after acquiring an additional 522 shares during the period. nVerses Capital LLC grew its position in shares of Insperity by 285.7% in the 3rd quarter. nVerses Capital LLC now owns 2,700 shares of the business services provider's stock valued at $238,000 after acquiring an additional 2,000 shares during the period. Blue Trust Inc. grew its position in shares of Insperity by 10.8% in the 3rd quarter. Blue Trust Inc. now owns 3,413 shares of the business services provider's stock valued at $311,000 after acquiring an additional 333 shares during the period. Finally, Vest Financial LLC grew its position in shares of Insperity by 40.3% in the 3rd quarter. Vest Financial LLC now owns 16,298 shares of the business services provider's stock valued at $1,434,000 after acquiring an additional 4,678 shares during the period. Institutional investors own 93.44% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. StockNews.com raised shares of Insperity from a "hold" rating to a "buy" rating in a report on Wednesday. Truist Financial reduced their target price on shares of Insperity from $95.00 to $88.00 and set a "hold" rating for the company in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. assumed coverage on shares of Insperity in a report on Tuesday, October 22nd. They set an "underweight" rating and a $90.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $95.67.

Insperity Stock Performance

Insperity stock traded up $1.31 during midday trading on Friday, hitting $87.58. The company's stock had a trading volume of 566,069 shares, compared to its average volume of 436,182. Insperity, Inc. has a 1-year low of $68.79 and a 1-year high of $110.72. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.16 and a quick ratio of 1.16. The company has a 50-day moving average price of $78.20 and a two-hundred day moving average price of $83.59. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 27.80 and a beta of 1.13.

Insperity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.74%. The ex-dividend date was Tuesday, December 10th. Insperity's dividend payout ratio (DPR) is 99.59%.

Insiders Place Their Bets

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

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.