KBC Group NV Buys 199 Shares of TriNet Group, Inc. (NYSE:TNET)

KBC Group NV lifted its stake in TriNet Group, Inc. (NYSE:TNET) by 26.5% in the 3rd quarter, Holdings Channel reports. 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 as of its most recent filing with the SEC.

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

Insiders Place Their Bets

In other news, CFO Kelly L. Tuminelli sold 4,683 shares of TriNet Group 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 transaction, the chief financial officer now directly owns 82,409 shares of the company’s stock, valued at $8,484,830.64. This trade represents a 5.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $86.23, for a total value of $32,336.25. Following the sale, the director now directly owns 37,591 shares in the company, valued at $3,241,471.93. The trade was a 0.99 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 37.10% of the company’s stock.

TriNet Group Price Performance

TNET opened at $93.02 on Friday. The company has a debt-to-equity ratio of 7.70, a current ratio of 1.07 and a quick ratio of 1.07. The company’s 50 day simple moving average is $93.51 and its 200-day simple moving average is $98.90. TriNet Group, Inc. has a one year low of $74.32 and a one year high of $134.67. The stock has a market capitalization of $4.61 billion, a P/E ratio of 17.79 and a beta of 1.20.

TriNet Group Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 1.08%. TriNet Group’s payout ratio is presently 19.27%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TNET shares. TD Cowen increased 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. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $103.00 price target on shares of TriNet Group in a research report on Tuesday, October 22nd. Finally, Needham & Company LLC downgraded 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, October 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $117.00.

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.