TriNet Group (NYSE:TNET) Sets New 12-Month Low - Here's What Happened

TriNet Group, Inc. (NYSE:TNET - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $91.17 and last traded at $91.18, with a volume of 112015 shares trading hands. The stock had previously closed at $93.79.

Analyst Ratings Changes

Several analysts have issued reports on TNET shares. Needham & Company LLC restated a "buy" rating and set a $140.00 price target on shares of TriNet Group in a research report on Wednesday, September 11th. JPMorgan Chase & Co. dropped their target price on shares of TriNet Group from $107.00 to $103.00 and set an "underweight" rating for the company in a report on Tuesday, August 20th. Finally, TD Cowen dropped their target price on shares of TriNet Group from $132.00 to $118.00 and set a "buy" rating for the company in a report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $118.40.

TriNet Group Stock Down 2.7 %

The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 9.84. The company's fifty day simple moving average is $97.21 and its 200 day simple moving average is $103.67. The firm has a market capitalization of $4.53 billion, a PE ratio of 15.42 and a beta of 1.17.

TriNet Group (NYSE:TNET - Get Free Report) last issued its quarterly earnings data on Friday, July 26th. The business services provider reported $1.27 EPS for the quarter, topping the consensus estimate of $0.98 by $0.29. TriNet Group had a net margin of 6.29% and a return on equity of 397.90%. The business had revenue of $310.00 million during the quarter, compared to analyst estimates of $301.76 million. Analysts anticipate that TriNet Group, Inc. will post 5.13 earnings per share for the current fiscal year.

TriNet Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Tuesday, October 1st will be issued a $0.25 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $1.00 annualized dividend and a yield of 1.10%. TriNet Group's dividend payout ratio (DPR) is presently 16.89%.

Insiders Place Their Bets

In other TriNet Group news, Director Paul Edward Chamberlain sold 375 shares of the firm's stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $106.50, for a total transaction of $39,937.50. Following the completion of the transaction, the director now owns 37,966 shares of the company's stock, valued at approximately $4,043,379. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Kelly L. Tuminelli sold 4,683 shares of the firm's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $102.96, for a total transaction of $482,161.68. Following the completion of the sale, the chief financial officer now owns 82,409 shares of the company's stock, valued at $8,484,830.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul Edward Chamberlain sold 375 shares of the firm's stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $106.50, for a total transaction of $39,937.50. Following the sale, the director now directly owns 37,966 shares of the company's stock, valued at $4,043,379. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 37.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TriNet Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Rothschild Investment LLC bought a new stake in shares of TriNet Group during the second quarter valued at approximately $45,000. Blue Trust Inc. increased its position in shares of TriNet Group by 24.9% during the second quarter. Blue Trust Inc. now owns 522 shares of the business services provider's stock valued at $52,000 after acquiring an additional 104 shares in the last quarter. Avion Wealth increased its position in shares of TriNet Group by 19.2% during the second quarter. Avion Wealth now owns 800 shares of the business services provider's stock valued at $80,000 after acquiring an additional 129 shares in the last quarter. LRI Investments LLC bought a new stake in TriNet Group in the 1st quarter worth approximately $81,000. Finally, Headlands Technologies LLC bought a new stake in TriNet Group in the 2nd quarter worth approximately $93,000. Institutional investors own 96.81% of the company's stock.

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.