TriNet Group (NYSE:TNET) Reaches New 12-Month Low After Insider Selling

TriNet Group, Inc. (NYSE:TNET) reached a new 52-week low during mid-day trading on Monday following insider selling activity. The stock traded as low as $96.70 and last traded at $96.77, with a volume of 16618 shares trading hands. The stock had previously closed at $100.47.

Specifically, Director Paul Edward Chamberlain sold 375 shares of the 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 directly owns 37,966 shares of the company’s stock, valued at approximately $4,043,379. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Paul Edward Chamberlain sold 375 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $106.50, for a total transaction of $39,937.50. Following the transaction, the director now owns 37,966 shares of the company’s stock, valued at approximately $4,043,379. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Alexander G. Warren sold 1,867 shares of TriNet Group stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $103.74, for a total value of $193,682.58. Following the completion of the sale, the senior vice president now directly owns 32,661 shares of the company’s stock, valued at approximately $3,388,252.14. The disclosure for this sale can be found here. Corporate insiders own 37.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TNET. Needham & Company LLC restated a “buy” rating and set a $140.00 price target on shares of TriNet Group in a research note on Monday, July 29th. StockNews.com lowered TriNet Group from a “buy” rating to a “hold” rating in a report on Monday, April 29th. Finally, TD Cowen decreased their price objective on TriNet Group from $132.00 to $118.00 and set a “buy” rating on the stock in a research note on Monday, June 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $119.20.

TriNet Group Price Performance

The stock has a market capitalization of $4.82 billion, a PE ratio of 15.61 and a beta of 1.19. The business’s 50-day moving average price is $103.60 and its 200 day moving average price is $113.94. The company has a debt-to-equity ratio of 9.84, a quick ratio of 1.06 and a current ratio of 1.04.

TriNet Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 1st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Monday, July 1st. TriNet Group’s payout ratio is 16.39%.

Hedge Funds Weigh In On TriNet Group

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of TriNet Group by 1.9% during the first quarter. Vanguard Group Inc. now owns 2,838,347 shares of the business services provider’s stock worth $376,053,000 after purchasing an additional 52,240 shares in the last quarter. Jane Street Group LLC grew its stake in TriNet Group by 67.7% in the 1st quarter. Jane Street Group LLC now owns 1,149,929 shares of the business services provider’s stock worth $152,354,000 after buying an additional 464,289 shares in the last quarter. Earnest Partners LLC increased its holdings in shares of TriNet Group by 19.8% in the 1st quarter. Earnest Partners LLC now owns 898,335 shares of the business services provider’s stock worth $119,020,000 after buying an additional 148,779 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of TriNet Group by 11.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 897,009 shares of the business services provider’s stock valued at $106,681,000 after buying an additional 89,797 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of TriNet Group by 4.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 812,990 shares of the business services provider’s stock valued at $96,690,000 after buying an additional 37,851 shares in the last quarter. 96.81% of the stock is currently owned by institutional investors.

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.