Insider Selling: TriNet Group, Inc. (NYSE:TNET) Director Sells $39,937.50 in Stock

TriNet Group, Inc. (NYSE:TNET) 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 sale, the director now directly owns 37,966 shares of the company’s stock, valued at $4,043,379. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

TriNet Group Price Performance

NYSE TNET opened at $100.47 on Monday. TriNet Group, Inc. has a 12 month low of $96.76 and a 12 month high of $134.67. The firm has a market capitalization of $4.99 billion, a PE ratio of 16.47 and a beta of 1.19. The company’s 50 day simple moving average is $103.82 and its 200 day simple moving average is $114.07. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.04 and a quick ratio of 1.06.

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 paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.00%. The ex-dividend date was Monday, July 1st. TriNet Group’s dividend payout ratio is presently 16.39%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Principal Securities Inc. acquired a new position in shares of TriNet Group in the 4th quarter valued at $26,000. Rothschild Investment LLC acquired a new position in shares of TriNet Group in the second quarter worth about $45,000. Blue Trust Inc. increased its position in shares of TriNet Group by 24.9% in the second quarter. Blue Trust Inc. now owns 522 shares of the business services provider’s stock worth $52,000 after acquiring an additional 104 shares in the last quarter. Avion Wealth raised its holdings in shares of TriNet Group by 22.9% during the fourth quarter. Avion Wealth now owns 569 shares of the business services provider’s stock valued at $68,000 after acquiring an additional 106 shares during the period. Finally, LRI Investments LLC acquired a new position in TriNet Group in the 1st quarter worth approximately $81,000. Institutional investors own 96.81% of the company’s stock.

Wall Street Analyst Weigh In

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

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.