TriNet Group, Inc. (NYSE:TNET) Shares Sold by Swiss National Bank

Swiss National Bank decreased its stake in shares of TriNet Group, Inc. (NYSE:TNET) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 64,100 shares of the business services provider’s stock after selling 600 shares during the period. Swiss National Bank owned 0.13% of TriNet Group worth $6,216,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. KBC Group NV lifted its position in TriNet Group by 26.5% during the third quarter. KBC Group NV now owns 950 shares of the business services provider’s stock valued at $92,000 after buying an additional 199 shares in the last quarter. GHE LLC lifted its holdings in shares of TriNet Group by 7.1% during the 3rd quarter. GHE LLC now owns 28,474 shares of the business services provider’s stock valued at $2,579,000 after acquiring an additional 1,880 shares in the last quarter. Chase Investment Counsel Corp boosted its position in TriNet Group by 59.5% during the 3rd quarter. Chase Investment Counsel Corp now owns 13,400 shares of the business services provider’s stock worth $1,299,000 after purchasing an additional 5,000 shares during the period. State of New Jersey Common Pension Fund D increased its holdings in TriNet Group by 11.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 19,624 shares of the business services provider’s stock valued at $1,903,000 after purchasing an additional 1,988 shares in the last quarter. Finally, Summit Global Investments purchased a new position in TriNet Group in the third quarter valued at about $605,000. 96.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TNET shares. Needham & Company LLC lowered TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 target price for the company. in a research note on Monday, October 28th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $103.00 price objective on shares of TriNet Group in a research report on Tuesday, October 22nd. Finally, TD Cowen lifted their price objective on shares of TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $117.00.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, CFO Kelly L. Tuminelli sold 4,683 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $102.96, for a total transaction of $482,161.68. Following the completion of the sale, the chief financial officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was 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 owns 37,591 shares in the company, valued at approximately $3,241,471.93. The trade was a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,871 shares of company stock worth $682,636 in the last ninety days. 37.10% of the stock is owned by insiders.

TriNet Group Price Performance

TNET stock opened at $92.86 on Wednesday. The stock’s 50 day moving average is $93.25 and its two-hundred day moving average is $98.63. TriNet Group, Inc. has a 52-week low of $74.32 and a 52-week high of $134.67. The company has a market capitalization of $4.60 billion, a PE ratio of 17.89 and a beta of 1.20. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 7.70.

TriNet Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Tuesday, October 1st were issued a $0.25 dividend. The ex-dividend date of this dividend 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%.

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.