Paul Edward Chamberlain Sells 375 Shares of TriNet Group, Inc. (NYSE:TNET) Stock

TriNet Group, Inc. (NYSE:TNET) Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $86.23, for a total transaction 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 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TriNet Group Price Performance

Shares of NYSE TNET traded down $0.86 during trading on Friday, hitting $84.03. 402,402 shares of the company were exchanged, compared to its average volume of 293,519. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 16.31 and a beta of 1.17. The firm’s fifty day moving average price is $95.83 and its 200 day moving average price is $101.66. TriNet Group, Inc. has a 1 year low of $74.32 and a 1 year high of $134.67. The company has a debt-to-equity ratio of 7.70, a current ratio of 1.07 and a quick ratio of 1.04.

TriNet Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Tuesday, October 1st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Tuesday, October 1st. TriNet Group’s dividend payout ratio is presently 19.27%.

Institutional Trading of TriNet Group

Several large investors have recently modified their holdings of the business. Summit Global Investments acquired a new position in TriNet Group in the third quarter worth about $605,000. Cannon Global Investment Management LLC bought a new stake in shares of TriNet Group in the 3rd quarter valued at approximately $339,000. Emerald Advisers LLC lifted its stake in TriNet Group by 1.1% during the third quarter. Emerald Advisers LLC now owns 252,819 shares of the business services provider’s stock worth $24,516,000 after purchasing an additional 2,651 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in TriNet Group by 108.1% in the third quarter. Harbor Capital Advisors Inc. now owns 19,646 shares of the business services provider’s stock worth $1,905,000 after purchasing an additional 10,207 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in TriNet Group by 7,191.7% in the third quarter. Farther Finance Advisors LLC now owns 4,375 shares of the business services provider’s stock worth $424,000 after purchasing an additional 4,315 shares during the period. 96.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TNET has been the topic of several analyst reports. TD Cowen reduced their target price on shares of TriNet Group from $110.00 to $92.00 and set a “buy” rating on the stock in a report on Monday. Needham & Company LLC lowered 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. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $103.00 target price on shares of TriNet Group in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $113.20.

About TriNet Group

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.