TriNet Group, Inc. (NYSE:TNET) Stock Holdings Increased by Nordea Investment Management AB

Nordea Investment Management AB grew its holdings in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 160,991 shares of the business services provider's stock after purchasing an additional 6,420 shares during the period. Nordea Investment Management AB owned 0.32% of TriNet Group worth $14,732,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Principal Financial Group Inc. grew its position in TriNet Group by 11.9% in the 2nd quarter. Principal Financial Group Inc. now owns 21,859 shares of the business services provider's stock worth $2,186,000 after purchasing an additional 2,320 shares during the last quarter. Rhumbline Advisers grew its holdings in TriNet Group by 4.3% in the 2nd quarter. Rhumbline Advisers now owns 49,253 shares of the business services provider's stock worth $4,925,000 after buying an additional 2,051 shares in the last quarter. Chase Investment Counsel Corp acquired a new stake in TriNet Group in the 2nd quarter valued at approximately $875,000. Victory Capital Management Inc. increased its position in TriNet Group by 6.7% in the 2nd quarter. Victory Capital Management Inc. now owns 23,759 shares of the business services provider's stock valued at $2,376,000 after acquiring an additional 1,485 shares during the period. Finally, Arizona State Retirement System raised its stake in TriNet Group by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 9,203 shares of the business services provider's stock valued at $920,000 after acquiring an additional 180 shares in the last quarter. 96.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TNET has been the subject of several recent analyst reports. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $103.00 price target on shares of TriNet Group in a research note on Tuesday, October 22nd. TD Cowen increased their target price on shares of TriNet Group from $92.00 to $104.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Finally, Needham & Company LLC cut shares of TriNet Group from a "buy" rating to a "hold" rating and set a $140.00 target price on the stock. in a research note on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, TriNet Group currently has a consensus rating of "Hold" and a consensus price target of $117.00.

TriNet Group Price Performance

Shares of TriNet Group stock traded down $0.10 during trading on Thursday, hitting $90.13. The stock had a trading volume of 255,191 shares, compared to its average volume of 255,758. The business has a fifty day moving average of $91.63 and a two-hundred day moving average of $95.95. The firm has a market cap of $4.47 billion, a P/E ratio of 17.37 and a beta of 1.21. TriNet Group, Inc. has a fifty-two week low of $74.32 and a fifty-two week high of $134.67. The company has a debt-to-equity ratio of 7.70, a current ratio of 1.07 and a quick ratio of 1.07.

TriNet Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, January 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.11%. TriNet Group's dividend payout ratio (DPR) is 19.27%.

Insider Transactions at TriNet Group

In related news, CTO Jeffery Jon Hayward sold 1,813 shares of TriNet Group stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $92.74, for a total value of $168,137.62. Following the transaction, the chief technology officer now directly owns 36,951 shares in the company, valued at $3,426,835.74. The trade was a 4.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul Edward Chamberlain sold 375 shares of the business's stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $86.23, for a total value of $32,336.25. Following the sale, the director now owns 37,591 shares in the company, valued at approximately $3,241,471.93. The trade was a 0.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,533 shares of company stock valued at $418,629 in the last quarter. Insiders own 37.10% of the company's stock.

TriNet Group Profile

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.