Robeco Institutional Asset Management B.V. Sells 502 Shares of TriNet Group, Inc. (NYSE:TNET)

Robeco Institutional Asset Management B.V. trimmed its stake in TriNet Group, Inc. (NYSE:TNET) by 16.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,545 shares of the business services provider’s stock after selling 502 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in TriNet Group were worth $231,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Marshall Wace LLP acquired a new stake in TriNet Group in the second quarter worth about $892,000. The Manufacturers Life Insurance Company boosted its stake in TriNet Group by 5.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,097 shares of the business services provider’s stock worth $2,010,000 after purchasing an additional 1,017 shares in the last quarter. Creative Planning increased its stake in TriNet Group by 62.1% during the 2nd quarter. Creative Planning now owns 3,557 shares of the business services provider’s stock valued at $356,000 after purchasing an additional 1,362 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of TriNet Group in the third quarter worth $412,000. Finally, Tilia Fiduciary Partners Inc. lifted its stake in shares of TriNet Group by 8.6% during the third quarter. Tilia Fiduciary Partners Inc. now owns 20,220 shares of the business services provider’s stock worth $1,961,000 after buying an additional 1,595 shares during the period. Hedge funds and other institutional investors own 96.81% of the company’s stock.

TriNet Group Price Performance

NYSE:TNET opened at $92.74 on Wednesday. The company has a 50 day moving average price of $92.16 and a 200-day moving average price of $94.66. TriNet Group, Inc. has a 1-year low of $74.32 and a 1-year high of $134.67. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 17.87 and a beta of 1.21. The company has a debt-to-equity ratio of 7.70, a current ratio of 1.07 and a quick ratio of 1.07.

TriNet Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.08%. TriNet Group’s dividend payout ratio (DPR) is 19.27%.

Insider Buying and Selling

In other TriNet Group news, CTO Jeffery Jon Hayward sold 7,784 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $89.57, for a total value of $697,212.88. Following the completion of the sale, the chief technology officer now directly owns 21,769 shares of the company’s stock, valued at $1,949,849.33. This trade represents a 26.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have sold 11,942 shares of company stock worth $1,083,506. Insiders own 37.10% of the company’s stock.

Analysts Set New Price Targets

TNET has been the topic of several research analyst reports. TD Cowen boosted their price target on TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $103.00 price target on shares of TriNet Group in a research report on Tuesday, October 22nd. Finally, Needham & Company LLC downgraded shares of TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 price objective on the stock. in a report on Monday, October 28th. One investment 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 data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $117.00.

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.