2,619 Shares in TriNet Group, Inc. (NYSE:TNET) Acquired by AE Wealth Management LLC

AE Wealth Management LLC acquired a new position in TriNet Group, Inc. (NYSE:TNET) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,619 shares of the business services provider’s stock, valued at approximately $208,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LRI Investments LLC lifted its stake in shares of TriNet Group by 643.8% in the fourth quarter. LRI Investments LLC now owns 662 shares of the business services provider’s stock worth $60,000 after acquiring an additional 573 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in TriNet Group in the first quarter valued at approximately $206,000. Xponance Inc. lifted its stake in TriNet Group by 6.4% in the first quarter. Xponance Inc. now owns 2,613 shares of the business services provider’s stock valued at $207,000 after buying an additional 157 shares during the period. Mariner LLC lifted its stake in TriNet Group by 13.7% in the fourth quarter. Mariner LLC now owns 2,763 shares of the business services provider’s stock valued at $251,000 after buying an additional 333 shares during the period. Finally, GAMMA Investing LLC lifted its stake in TriNet Group by 4,677.9% in the first quarter. GAMMA Investing LLC now owns 3,249 shares of the business services provider’s stock valued at $257,000 after buying an additional 3,181 shares during the period. 96.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TriNet Group

In other news, CTO Jeffery Jon Hayward sold 1,437 shares of the business’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $82.04, for a total transaction of $117,891.48. Following the completion of the sale, the chief technology officer owned 32,932 shares in the company, valued at $2,701,741.28. The trade was a 4.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Sidney A. Majalya sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $83.14, for a total value of $41,570.00. Following the sale, the senior vice president owned 23,033 shares of the company’s stock, valued at approximately $1,914,963.62. This represents a 2.12% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,120 shares of company stock valued at $175,291. Corporate insiders own 38.10% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. dropped their price target on TriNet Group from $76.00 to $75.00 and set an “underweight” rating on the stock in a research note on Monday, July 28th.

TriNet Group Price Performance

Shares of TNET opened at $63.37 on Friday. TriNet Group, Inc. has a 52-week low of $63.23 and a 52-week high of $104.06. The company has a debt-to-equity ratio of 8.36, a quick ratio of 1.08 and a current ratio of 1.10. The business’s 50 day moving average price is $73.90 and its two-hundred day moving average price is $78.45. The firm has a market cap of $3.08 billion, a PE ratio of 21.78 and a beta of 0.83.

TriNet Group (NYSE:TNET) last released its quarterly earnings data on Friday, July 25th. The business services provider reported $1.15 EPS 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 the consensus estimate of $278.93 million. TriNet Group had a return on equity of 208.35% and a net margin of 2.85%. During the same quarter in the previous year, the company posted $1.53 earnings per share. On average, equities analysts anticipate that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Tuesday, July 1st. This represents a $1.10 annualized dividend and a dividend yield of 1.7%. TriNet Group’s payout ratio is currently 37.80%.

TriNet Group Company 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.