TriNet Group, Inc. (NYSE:TNET) Shares Bought by KBC Group NV

KBC Group NV increased its stake in TriNet Group, Inc. (NYSE:TNET) by 26.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 950 shares of the business services provider’s stock after acquiring an additional 199 shares during the period. KBC Group NV’s holdings in TriNet Group were worth $92,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Rothschild Investment LLC acquired a new position in TriNet Group during the second quarter worth about $45,000. Blue Trust Inc. grew its stake in shares of TriNet Group by 24.9% in the 2nd quarter. Blue Trust Inc. now owns 522 shares of the business services provider’s stock worth $52,000 after purchasing an additional 104 shares during the last quarter. Avion Wealth raised its holdings in shares of TriNet Group by 19.2% in the 2nd quarter. Avion Wealth now owns 800 shares of the business services provider’s stock worth $80,000 after purchasing an additional 129 shares in the last quarter. LRI Investments LLC acquired a new stake in TriNet Group during the first quarter valued at approximately $81,000. Finally, Headlands Technologies LLC acquired a new stake in TriNet Group during the second quarter valued at approximately $93,000. Institutional investors and hedge funds own 96.81% of the company’s stock.

Insiders Place Their Bets

In other news, Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction 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 transaction, the director now owns 37,591 shares in the company, valued at $3,241,471.93. This represents a 0.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kelly L. Tuminelli sold 4,683 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $102.96, for a total transaction of $482,161.68. Following the transaction, the chief financial officer now directly owns 82,409 shares in the company, valued at $8,484,830.64. The trade was a 5.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 37.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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

TriNet Group Trading Up 0.8 %

Shares of NYSE TNET opened at $93.02 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 7.70. TriNet Group, Inc. has a one year low of $74.32 and a one year high of $134.67. The business has a 50-day moving average price of $93.51 and a two-hundred day moving average price of $98.90. The firm has a market capitalization of $4.61 billion, a PE ratio of 17.79 and a beta of 1.20.

TriNet Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Tuesday, October 1st were paid a $0.25 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.00 annualized dividend and a yield of 1.08%. TriNet Group’s dividend payout ratio is presently 19.27%.

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.