Emerald Mutual Fund Advisers Trust Sells 903 Shares of TriNet Group, Inc. (NYSE:TNET)

Emerald Mutual Fund Advisers Trust lessened its stake in shares of TriNet Group, Inc. (NYSE:TNET) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 204,425 shares of the business services provider’s stock after selling 903 shares during the quarter. Emerald Mutual Fund Advisers Trust owned about 0.41% of TriNet Group worth $19,823,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Jennison Associates LLC boosted its stake in shares of TriNet Group by 1.8% during the 1st quarter. Jennison Associates LLC now owns 5,663 shares of the business services provider’s stock worth $750,000 after acquiring an additional 99 shares in the last quarter. Blue Trust Inc. boosted its stake in TriNet Group by 24.9% during the 2nd 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 boosted its stake in TriNet Group by 19.2% during the 2nd quarter. Avion Wealth now owns 800 shares of the business services provider’s stock valued at $80,000 after purchasing an additional 129 shares during the period. SummerHaven Investment Management LLC boosted its stake in TriNet Group by 1.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 8,222 shares of the business services provider’s stock valued at $822,000 after purchasing an additional 142 shares during the period. Finally, Linden Thomas Advisory Services LLC boosted its stake in TriNet Group by 2.2% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 7,163 shares of the business services provider’s stock valued at $716,000 after purchasing an additional 156 shares during the period. Institutional investors own 96.81% of the company’s stock.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, Director Paul Edward Chamberlain sold 375 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 37,591 shares of the company’s stock, valued at approximately $3,241,471.93. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Kelly L. Tuminelli sold 4,683 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $102.96, for a total value of $482,161.68. Following the completion of the transaction, the chief financial officer now directly owns 82,409 shares of the company’s stock, valued at approximately $8,484,830.64. The trade was a 0.00 % 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.

TriNet Group Trading Down 1.0 %

TriNet Group stock opened at $84.03 on Friday. The business has a 50 day moving average price of $95.46 and a two-hundred day moving average price of $101.19. The company has a quick ratio of 1.04, a current ratio of 1.07 and a debt-to-equity ratio of 7.70. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 16.19 and a beta of 1.20. TriNet Group, Inc. has a 12 month low of $74.32 and a 12 month high of $134.67.

TriNet Group Announces Dividend

The company 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. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.00 annualized dividend and a yield of 1.19%. TriNet Group’s dividend payout ratio (DPR) is 19.27%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. TD Cowen decreased their target price on TriNet Group from $110.00 to $92.00 and set a “buy” rating for the company in a research note on Monday, October 28th. JPMorgan Chase & Co. restated an “underweight” rating and set a $103.00 target price on shares of TriNet Group in a research note on Tuesday, October 22nd. Finally, Needham & Company LLC downgraded 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $113.20.

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.