TriNet Group, Inc. (NYSE:TNET) Stake Lowered by Prudential Financial Inc.

Prudential Financial Inc. lowered its position in TriNet Group, Inc. (NYSE:TNET - Free Report) by 95.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,328 shares of the business services provider's stock after selling 48,776 shares during the quarter. Prudential Financial Inc.'s holdings in TriNet Group were worth $216,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC grew its stake in TriNet Group by 38.5% during the third quarter. FMR LLC now owns 9,017 shares of the business services provider's stock worth $874,000 after buying an additional 2,506 shares during the period. Captrust Financial Advisors boosted its position in TriNet Group by 22.9% during the 3rd quarter. Captrust Financial Advisors now owns 3,260 shares of the business services provider's stock worth $316,000 after purchasing an additional 608 shares during the period. Quantinno Capital Management LP increased its holdings in TriNet Group by 17.2% in the 3rd quarter. Quantinno Capital Management LP now owns 3,118 shares of the business services provider's stock valued at $302,000 after purchasing an additional 458 shares in the last quarter. Orion Portfolio Solutions LLC raised its position in TriNet Group by 13.1% in the third quarter. Orion Portfolio Solutions LLC now owns 2,933 shares of the business services provider's stock valued at $284,000 after purchasing an additional 339 shares during the period. Finally, Barclays PLC lifted its stake in shares of TriNet Group by 201.0% during the third quarter. Barclays PLC now owns 94,649 shares of the business services provider's stock worth $9,179,000 after purchasing an additional 63,201 shares in the last quarter. Hedge funds and other institutional investors own 96.81% of the company's stock.

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TriNet Group Stock Down 1.3 %

Shares of NYSE:TNET traded down $1.07 during trading on Tuesday, hitting $78.66. The company's stock had a trading volume of 214,468 shares, compared to its average volume of 372,458. The company has a market capitalization of $3.90 billion, a PE ratio of 23.00 and a beta of 1.06. TriNet Group, Inc. has a fifty-two week low of $65.43 and a fifty-two week high of $131.26. The company has a debt-to-equity ratio of 13.16, a quick ratio of 1.07 and a current ratio of 1.07. The stock's 50-day moving average price is $77.16 and its two-hundred day moving average price is $87.04.

TriNet Group (NYSE:TNET - Get Free Report) last announced its earnings results on Thursday, February 13th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. As a group, sell-side analysts expect that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.275 per share. This is a positive change from TriNet Group's previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Tuesday, April 1st. TriNet Group's dividend payout ratio (DPR) is currently 32.16%.

Insider Transactions at TriNet Group

In other news, Director Paul Edward Chamberlain sold 600 shares of TriNet Group stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total value of $41,616.00. Following the completion of the transaction, the director now owns 36,991 shares in the company, valued at approximately $2,565,695.76. This trade represents a 1.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $94,607.04. Following the completion of the sale, the chief technology officer now owns 19,867 shares of the company's stock, valued at $1,377,975.12. This trade represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 37.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TNET. Needham & Company LLC reiterated a "hold" rating on shares of TriNet Group in a report on Thursday, March 13th. TD Cowen cut shares of TriNet Group from a "buy" rating to a "hold" rating and reduced their target price for the stock from $104.00 to $74.00 in a research report on Tuesday, February 18th.

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.