MetLife Investment Management LLC Decreases Stake in TriNet Group, Inc. $TNET

MetLife Investment Management LLC reduced its stake in TriNet Group, Inc. (NYSE:TNET) by 1.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 19,027 shares of the business services provider’s stock after selling 292 shares during the period. MetLife Investment Management LLC’s holdings in TriNet Group were worth $1,508,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Xponance Inc. raised its position in shares of TriNet Group by 6.4% in the 1st quarter. Xponance Inc. now owns 2,613 shares of the business services provider’s stock valued at $207,000 after purchasing an additional 157 shares during the last quarter. US Bancorp DE raised its position in TriNet Group by 4.6% during the 1st quarter. US Bancorp DE now owns 7,534 shares of the business services provider’s stock worth $597,000 after buying an additional 332 shares during the last quarter. Farther Finance Advisors LLC raised its position in TriNet Group by 11.4% during the 1st quarter. Farther Finance Advisors LLC now owns 4,165 shares of the business services provider’s stock worth $331,000 after buying an additional 427 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in TriNet Group by 2.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,190 shares of the business services provider’s stock worth $1,651,000 after buying an additional 502 shares during the last quarter. Finally, Integrated Investment Consultants LLC raised its position in TriNet Group by 7.4% during the 1st quarter. Integrated Investment Consultants LLC now owns 7,769 shares of the business services provider’s stock worth $616,000 after buying an additional 532 shares during the last quarter. 96.81% of the stock is owned by hedge funds and other institutional investors.

TriNet Group Stock Performance

TNET opened at $71.33 on Thursday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 8.36. The firm has a market capitalization of $3.47 billion, a PE ratio of 24.51 and a beta of 0.84. The firm has a 50 day moving average of $68.31 and a two-hundred day moving average of $74.61. TriNet Group, Inc. has a 12-month low of $62.55 and a 12-month high of $100.05.

TriNet Group (NYSE:TNET) last posted its earnings results on Friday, July 25th. The business services provider reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.12. The firm had revenue of $282.90 million during the quarter, compared to analyst estimates of $278.93 million. TriNet Group had a net margin of 2.85% and a return on equity of 208.35%. During the same period in the previous year, the firm earned $1.53 EPS. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. On average, analysts anticipate that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 28th. Stockholders of record on Tuesday, July 1st were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, July 1st. TriNet Group’s payout ratio is 37.80%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reduced their price target on shares of TriNet Group from $76.00 to $75.00 and set an “underweight” rating for the company in a research report on Monday, July 28th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $96.33.

Insider Activity

In other news, SVP Anthony Shea Treadway sold 2,583 shares of TriNet Group stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $66.07, for a total transaction of $170,658.81. Following the completion of the transaction, the senior vice president directly owned 29,437 shares of the company’s stock, valued at $1,944,902.59. The trade was a 8.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Sidney A. Majalya sold 775 shares of TriNet Group stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $68.80, for a total transaction of $53,320.00. Following the transaction, the senior vice president directly owned 21,708 shares of the company’s stock, valued at approximately $1,493,510.40. This trade represents a 3.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,395 shares of company stock worth $560,612. 37.10% of the stock is currently owned by corporate insiders.

TriNet Group 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.