Vestcor Inc Raises Position in Insperity, Inc. (NYSE:NSP)

Vestcor Inc raised its stake in Insperity, Inc. (NYSE:NSP) by 72.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,136 shares of the business services provider’s stock after purchasing an additional 2,997 shares during the quarter. Vestcor Inc’s holdings in Insperity were worth $553,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp raised its stake 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 purchasing an additional 291 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Insperity during the third quarter valued at approximately $32,000. Millburn Ridgefield Corp purchased a new stake in shares of Insperity during the third quarter valued at approximately $53,000. UMB Bank n.a. increased its position in shares of Insperity by 45.9% during the fourth quarter. UMB Bank n.a. now owns 849 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 267 shares during the last quarter. Finally, KBC Group NV increased its position in shares of Insperity by 26.4% during the third quarter. KBC Group NV now owns 1,034 shares of the business services provider’s stock valued at $91,000 after acquiring an additional 216 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Insperity Stock Performance

Shares of NSP opened at $89.10 on Monday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.80. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 36.97 and a beta of 1.02. The stock has a 50 day moving average of $81.84 and a 200 day moving average of $82.47. Insperity, Inc. has a 12 month low of $68.79 and a 12 month high of $110.72.

Insperity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Thursday, March 13th. Insperity’s dividend payout ratio is currently 99.59%.

Analyst Ratings Changes

Separately, StockNews.com raised Insperity from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Insperity presently has an average rating of “Hold” and an average target price of $95.67.

About Insperity

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.