TriNet Group (NYSE:TNET) Sets New 12-Month Low After Insider Selling

TriNet Group, Inc. (NYSE:TNET) shares reached a new 52-week low during mid-day trading on Thursday after an insider sold shares in the company. The stock traded as low as $54.22 and last traded at $54.92, with a volume of 127263 shares trading hands. The stock had previously closed at $55.00.

Specifically, SVP Anthony Shea Treadway sold 459 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $54.52, for a total value of $25,024.68. Following the sale, the senior vice president owned 28,224 shares in the company, valued at approximately $1,538,772.48. The trade was a 1.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriNet Group in a research note on Wednesday, October 8th. Zacks Research raised shares of TriNet Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. UBS Group reduced their target price on shares of TriNet Group from $69.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. dropped their price target on shares of TriNet Group from $75.00 to $65.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $67.33.

TriNet Group Stock Performance

The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 21.28 and a beta of 0.84. The company has a debt-to-equity ratio of 8.36, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a 50 day simple moving average of $61.92 and a two-hundred day simple moving average of $69.38.

TriNet Group (NYSE:TNET) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.39. TriNet Group had a return on equity of 232.60% and a net margin of 2.64%.The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $261.92 million. During the same period in the prior year, the firm posted $1.17 EPS. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. As a group, analysts anticipate that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Wednesday, October 1st were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, October 1st. TriNet Group’s dividend payout ratio (DPR) is 40.59%.

Institutional Investors Weigh In On TriNet Group

A number of institutional investors and hedge funds have recently bought and sold shares of TNET. Boston Partners purchased a new position in shares of TriNet Group during the third quarter worth about $97,712,000. American Century Companies Inc. boosted its position in shares of TriNet Group by 183.3% in the 1st quarter. American Century Companies Inc. now owns 858,205 shares of the business services provider’s stock valued at $68,004,000 after purchasing an additional 555,258 shares during the period. Wellington Management Group LLP boosted its position in shares of TriNet Group by 24.3% in the 1st quarter. Wellington Management Group LLP now owns 2,021,749 shares of the business services provider’s stock valued at $160,203,000 after purchasing an additional 394,847 shares during the period. Massachusetts Financial Services Co. MA grew its stake in TriNet Group by 19.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,353,004 shares of the business services provider’s stock worth $157,392,000 after buying an additional 387,940 shares during the last quarter. Finally, Man Group plc increased its position in TriNet Group by 286.6% during the third quarter. Man Group plc now owns 468,897 shares of the business services provider’s stock worth $31,365,000 after buying an additional 347,622 shares during the period. 96.81% of the stock is owned by hedge funds and other institutional investors.

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.