Nordea Investment Management AB Acquires 6,420 Shares of TriNet Group, Inc. (NYSE:TNET)

Nordea Investment Management AB boosted its holdings in TriNet Group, Inc. (NYSE:TNET) by 4.2% in the fourth quarter, Holdings Channel reports. The firm owned 160,991 shares of the business services provider’s stock after purchasing an additional 6,420 shares during the quarter. Nordea Investment Management AB’s holdings in TriNet Group were worth $14,732,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC grew its holdings in shares of TriNet Group by 25.5% in the 3rd quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock valued at $58,000 after acquiring an additional 121 shares in the last quarter. KBC Group NV grew its stake in TriNet Group by 26.5% in the third quarter. KBC Group NV now owns 950 shares of the business services provider’s stock valued at $92,000 after purchasing an additional 199 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of TriNet Group during the 2nd quarter worth approximately $93,000. Aristides Capital LLC acquired a new stake in shares of TriNet Group in the 2nd quarter valued at approximately $258,000. Finally, Quadrature Capital Ltd bought a new position in shares of TriNet Group in the third quarter valued at $275,000. 96.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TNET has been the subject of a number of analyst reports. TD Cowen lifted their price objective on shares of TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $103.00 price objective on shares of TriNet Group in a research report on Tuesday, October 22nd. Finally, Needham & Company LLC lowered TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 target price on the stock. in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, TriNet Group has an average rating of “Hold” and a consensus target price of $117.00.

Insider Buying and Selling

In related news, CTO Jeffery Jon Hayward sold 2,345 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $93.03, for a total transaction of $218,155.35. Following the sale, the chief technology officer now owns 34,606 shares of the company’s stock, valued at $3,219,396.18. This represents a 6.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul Edward Chamberlain sold 375 shares of TriNet Group stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $86.23, for a total value of $32,336.25. Following the completion of the transaction, the director now directly owns 37,591 shares of the company’s stock, valued at $3,241,471.93. This represents a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,533 shares of company stock valued at $418,629. Insiders own 37.10% of the company’s stock.

TriNet Group Stock Down 0.1 %

TriNet Group stock opened at $90.13 on Thursday. The company’s 50-day moving average price is $91.54 and its two-hundred day moving average price is $95.99. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 7.70. The stock has a market cap of $4.47 billion, a P/E ratio of 17.37 and a beta of 1.21. TriNet Group, Inc. has a twelve month low of $74.32 and a twelve month high of $134.67.

TriNet Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, January 2nd. This represents a $1.00 annualized dividend and a yield of 1.11%. TriNet Group’s payout ratio is currently 19.27%.

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.