Insperity, Inc. (NYSE:NSP) Shares Bought by Markel Group Inc.

Markel Group Inc. boosted its stake in shares of Insperity, Inc. (NYSE:NSP) by 87.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 131,728 shares of the business services provider’s stock after acquiring an additional 61,585 shares during the quarter. Markel Group Inc. owned about 0.35% of Insperity worth $10,210,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its position in Insperity by 493.2% during the 4th quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider’s stock worth $27,000 after acquiring an additional 291 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Insperity during the 3rd quarter worth approximately $32,000. Millburn Ridgefield Corp acquired a new stake in Insperity during the 3rd quarter worth approximately $53,000. UMB Bank n.a. lifted its position in Insperity by 45.9% during the 4th quarter. UMB Bank n.a. now owns 849 shares of the business services provider’s stock worth $66,000 after acquiring an additional 267 shares during the period. Finally, KBC Group NV lifted its position in Insperity by 26.4% during the 3rd quarter. KBC Group NV now owns 1,034 shares of the business services provider’s stock worth $91,000 after acquiring an additional 216 shares during the period. 93.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Insperity

In related news, CEO Paul J. Sarvadi sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $84.32, for a total value of $2,108,000.00. Following the completion of the transaction, the chief executive officer now directly owns 436,584 shares of the company’s stock, valued at $36,812,762.88. This trade represents a 5.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ellen H. Masterson acquired 1,755 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average cost of $85.75 per share, with a total value of $150,491.25. Following the completion of the purchase, the director now directly owns 16,612 shares in the company, valued at $1,424,479. This represents a 11.81 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 5.50% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Insperity from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $95.67.

Insperity Stock Performance

Shares of NSP stock opened at $94.20 on Tuesday. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 39.09 and a beta of 1.02. The stock has a 50 day simple moving average of $80.94 and a 200-day simple moving average of $82.60. Insperity, Inc. has a 12-month low of $68.79 and a 12-month high of $110.72. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.80.

Insperity Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, March 13th. Insperity’s dividend payout ratio (DPR) is 99.59%.

About Insperity

Insperity, Inc engages in the provision of human resources (HR) and business solutions to improve business performance for small and medium-sized businesses primarily in the United States. It offers its HR services through its workforce optimization and workforce synchronization solutions that include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.