MetLife Investment Management LLC Lowers Stake in Insperity, Inc. (NYSE:NSP)

MetLife Investment Management LLC reduced its position in shares of Insperity, Inc. (NYSE:NSP) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,529 shares of the business services provider’s stock after selling 390 shares during the quarter. MetLife Investment Management LLC’s holdings in Insperity were worth $3,391,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Andina Capital Management LLC boosted its stake in shares of Insperity by 5.4% during the 2nd quarter. Andina Capital Management LLC now owns 2,736 shares of the business services provider’s stock worth $250,000 after acquiring an additional 140 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Insperity by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,075 shares of the business services provider’s stock valued at $3,929,000 after buying an additional 150 shares in the last quarter. Arizona State Retirement System lifted its stake in Insperity by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 9,918 shares of the business services provider’s stock valued at $905,000 after buying an additional 185 shares in the last quarter. Covestor Ltd lifted its stake in Insperity by 21.7% in the 3rd quarter. Covestor Ltd now owns 1,156 shares of the business services provider’s stock valued at $102,000 after buying an additional 206 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in Insperity by 9.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,525 shares of the business services provider’s stock valued at $222,000 after buying an additional 213 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NSP has been the topic of a number of research reports. JPMorgan Chase & Co. initiated coverage on shares of Insperity in a research note on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 price target on the stock. Truist Financial decreased their price target on shares of Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. StockNews.com lowered shares of Insperity from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Finally, William Blair lowered shares of Insperity from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $95.67.

Insperity Trading Up 0.2 %

NSP opened at $81.46 on Wednesday. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.16 and a quick ratio of 1.16. The company’s 50 day simple moving average is $81.84 and its two-hundred day simple moving average is $89.66. Insperity, Inc. has a 1-year low of $71.69 and a 1-year high of $119.40. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 25.86, a price-to-earnings-growth ratio of 2.28 and a beta of 1.15.

Insperity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Tuesday, December 10th. Insperity’s dividend payout ratio (DPR) is 76.19%.

About Insperity

Insperity, Inc engages in the provision of human resources (HR) and business solutions to improve business performance for small and medium-sized businesses primarily in the United States. It offers its HR services through its workforce optimization and workforce synchronization solutions that include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.