TriNet Group, Inc. (NYSE:TNET) Shares Bought by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. grew its stake in TriNet Group, Inc. (NYSE:TNET - Free Report) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 231,813 shares of the business services provider's stock after acquiring an additional 5,194 shares during the quarter. Royal London Asset Management Ltd. owned about 0.47% of TriNet Group worth $21,042,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. TD Private Client Wealth LLC grew its holdings in shares of TriNet Group by 25.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider's stock worth $58,000 after purchasing an additional 121 shares during the period. IFP Advisors Inc boosted its position in shares of TriNet Group by 45.5% during the fourth quarter. IFP Advisors Inc now owns 767 shares of the business services provider's stock worth $71,000 after buying an additional 240 shares during the period. KBC Group NV boosted its position in shares of TriNet Group by 26.5% during the third quarter. KBC Group NV now owns 950 shares of the business services provider's stock worth $92,000 after buying an additional 199 shares during the period. Avion Wealth raised its holdings in shares of TriNet Group by 14.9% in the 4th quarter. Avion Wealth now owns 1,081 shares of the business services provider's stock valued at $98,000 after buying an additional 140 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in TriNet Group by 118.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the business services provider's stock valued at $131,000 after acquiring an additional 785 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 Up 0.9 %

NYSE TNET traded up $0.71 during trading on Wednesday, reaching $79.17. 311,647 shares of the company's stock were exchanged, compared to its average volume of 496,603. The company has a 50 day moving average price of $82.17 and a two-hundred day moving average price of $89.11. The stock has a market cap of $3.92 billion, a P/E ratio of 23.15 and a beta of 1.26. TriNet Group, Inc. has a 1 year low of $65.43 and a 1 year high of $134.67. The company has a debt-to-equity ratio of 13.16, a quick ratio of 1.07 and a current ratio of 1.07.

TriNet Group (NYSE:TNET - Get Free Report) last announced its quarterly 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. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. The firm had revenue of $252.00 million during the quarter, compared to the consensus estimate of $225.72 million. On average, equities research analysts anticipate that TriNet Group, Inc. will post 3.04 EPS for the current fiscal 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 paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Tuesday, April 1st. This is an increase from TriNet Group's previous quarterly dividend of $0.25. TriNet Group's dividend payout ratio is currently 32.16%.

Wall Street Analyst Weigh In

TNET has been the topic of several recent research reports. TD Cowen downgraded shares of TriNet Group from a "buy" rating to a "hold" rating and cut their target price for the stock from $104.00 to $74.00 in a research note on Tuesday, February 18th. Needham & Company LLC reiterated a "hold" rating on shares of TriNet Group in a research note on Thursday, March 13th.

Insiders Place Their Bets

In other TriNet Group 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 transaction, the director now directly 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $94,607.04. Following the completion of the transaction, the chief technology officer now directly owns 19,867 shares in the company, valued at $1,377,975.12. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,748 shares of company stock valued at $833,436. 37.10% of the stock is currently owned by insiders.

TriNet Group Company 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.