Corebridge Financial Inc. Trims Stock Position in Insperity, Inc. (NYSE:NSP)

Corebridge Financial Inc. trimmed its holdings in shares of Insperity, Inc. (NYSE:NSP) by 5.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,790 shares of the business services provider’s stock after selling 3,314 shares during the period. Corebridge Financial Inc. owned about 0.15% of Insperity worth $4,479,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. LPL Financial LLC increased its position in Insperity by 3.5% during the fourth quarter. LPL Financial LLC now owns 6,227 shares of the business services provider’s stock worth $483,000 after buying an additional 208 shares in the last quarter. Assetmark Inc. increased its position in Insperity by 11.6% during the 4th quarter. Assetmark Inc. now owns 2,032 shares of the business services provider’s stock worth $158,000 after purchasing an additional 211 shares in the last quarter. Xponance Inc. raised its stake in Insperity by 4.5% in the 4th quarter. Xponance Inc. now owns 5,080 shares of the business services provider’s stock valued at $394,000 after purchasing an additional 220 shares during the last quarter. UMB Bank n.a. lifted its holdings in Insperity by 45.9% in the 4th quarter. UMB Bank n.a. now owns 849 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 267 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of 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 purchasing an additional 291 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Insperity from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Insperity presently has an average rating of “Hold” and an average price target of $95.67.

Insider Buying and Selling

In other news, CEO Paul J. Sarvadi sold 25,000 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $84.32, for a total transaction of $2,108,000.00. Following the completion of the sale, the chief executive officer now directly owns 436,584 shares in the company, valued at $36,812,762.88. This represents a 5.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Arthur A. Arizpe sold 6,000 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $84.68, for a total value of $508,080.00. Following the completion of the transaction, the chief operating officer now directly owns 72,551 shares in the company, valued at $6,143,618.68. This trade represents a 7.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.50% of the stock is currently owned by company insiders.

Insperity Stock Down 1.3 %

Shares of NYSE:NSP opened at $88.28 on Monday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.80. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 36.63 and a beta of 1.02. The stock’s 50-day moving average price is $84.25 and its two-hundred day moving average price is $82.38. Insperity, Inc. has a 12-month low of $68.79 and a 12-month high of $109.80.

Insperity Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $0.60 dividend. The ex-dividend date was Thursday, March 13th. This represents a $2.40 dividend on an annualized basis and a yield of 2.72%. Insperity’s payout ratio is 99.59%.

Insperity Company Profile

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.