Nordea Investment Management AB Purchases 6,420 Shares of TriNet Group, Inc. (NYSE:TNET)

Nordea Investment Management AB raised its position in shares of TriNet Group, Inc. (NYSE:TNET) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 160,991 shares of the business services provider’s stock after buying an additional 6,420 shares during the period. Nordea Investment Management AB owned about 0.32% of TriNet Group worth $14,732,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. TD Private Client Wealth LLC grew its holdings in TriNet Group by 25.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock worth $58,000 after acquiring an additional 121 shares during the last quarter. KBC Group NV grew its stake in shares of 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 purchasing an additional 199 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of TriNet Group in the second quarter valued at approximately $93,000. Aristides Capital LLC bought a new position in TriNet Group in the 2nd quarter worth approximately $258,000. Finally, Quadrature Capital Ltd acquired a new position in TriNet Group during the 3rd quarter worth $275,000. Institutional investors own 96.81% of the company’s stock.

Analysts Set New Price Targets

TNET has been the subject of a number of recent research reports. JPMorgan Chase & Co. restated an “underweight” rating and set a $103.00 target price on shares of TriNet Group in a research report on Tuesday, October 22nd. TD Cowen upped their target price on shares of TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Needham & Company LLC cut shares of 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. 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’s stock. Based on data from MarketBeat, TriNet Group has a consensus rating of “Hold” and a consensus price target of $117.00.

Insider Activity at TriNet Group

In other news, Director Paul Edward Chamberlain sold 375 shares of the company’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 value of $32,336.25. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Jeffery Jon Hayward sold 1,813 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $92.74, for a total transaction of $168,137.62. Following the sale, the chief technology officer now owns 36,951 shares in the company, valued at approximately $3,426,835.74. The trade was a 4.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,533 shares of company stock worth $418,629. 37.10% of the stock is currently owned by company insiders.

TriNet Group Trading Down 0.1 %

NYSE:TNET opened at $90.13 on Thursday. 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 1-year low of $74.32 and a 1-year high of $134.67. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 17.37 and a beta of 1.21. The business’s 50-day moving average price is $91.54 and its two-hundred day moving average price is $95.99.

TriNet Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.11%. The ex-dividend date is Thursday, January 2nd. TriNet Group’s payout ratio is 19.27%.

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.