Legal & General Group Plc Has $5.91 Million Holdings in Insperity, Inc. (NYSE:NSP)

Legal & General Group Plc decreased its stake in Insperity, Inc. (NYSE:NSP) by 2.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 76,223 shares of the business services provider’s stock after selling 2,238 shares during the period. Legal & General Group Plc’s holdings in Insperity were worth $5,908,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Value Holdings Management CO. LLC increased its position in shares of Insperity by 4.2% in the 4th quarter. Value Holdings Management CO. LLC now owns 237,798 shares of the business services provider’s stock valued at $18,432,000 after buying an additional 9,600 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Insperity by 493.2% in the fourth 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 in the last quarter. Reinhart Partners LLC. raised its position in shares of Insperity by 8.3% during the fourth quarter. Reinhart Partners LLC. now owns 1,171,843 shares of the business services provider’s stock worth $90,830,000 after purchasing an additional 89,809 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Insperity by 16.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 150,669 shares of the business services provider’s stock valued at $13,259,000 after purchasing an additional 21,325 shares in the last quarter. Finally, Barclays PLC grew its position in shares of Insperity by 129.7% in the 3rd quarter. Barclays PLC now owns 82,580 shares of the business services provider’s stock valued at $7,269,000 after purchasing an additional 46,625 shares during the period. Institutional investors own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

NSP has been the topic of several research analyst reports. StockNews.com upgraded shares of Insperity from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Truist Financial cut their price objective on shares of Insperity from $88.00 to $82.00 and set a “hold” rating on the stock in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Insperity has an average rating of “Hold” and a consensus target price of $93.67.

Insperity Trading Down 5.0 %

NYSE:NSP opened at $78.76 on Monday. The company has a market cap of $2.93 billion, a P/E ratio of 32.68 and a beta of 0.67. Insperity, Inc. has a twelve month low of $68.79 and a twelve month high of $109.80. The business has a 50 day moving average price of $86.46 and a two-hundred day moving average price of $81.91. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.80.

Insperity Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Thursday, March 13th. Insperity’s payout ratio is 99.59%.

Insider Activity at Insperity

In related news, COO Arthur A. Arizpe sold 6,000 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $84.68, for a total transaction of $508,080.00. Following the completion of the transaction, the chief operating officer now directly owns 72,551 shares of the company’s stock, valued at approximately $6,143,618.68. This represents a 7.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ellen H. Masterson purchased 1,755 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was bought at an average price of $85.75 per share, with a total value of $150,491.25. Following the completion of the purchase, the director now owns 16,612 shares of the company’s stock, valued at approximately $1,424,479. This represents a 11.81 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.50% of the stock is owned by insiders.

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.