Paul Edward Chamberlain Sells 375 Shares of TriNet Group, Inc. (NYSE:TNET) Stock

TriNet Group, Inc. (NYSE:TNET) Director Paul Edward Chamberlain sold 375 shares of TriNet Group stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $86.23, for a total transaction of $32,336.25. Following the transaction, the director now owns 37,591 shares in the company, valued at approximately $3,241,471.93. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

TriNet Group Stock Performance

Shares of 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. TriNet Group, Inc. has a 1-year low of $74.32 and a 1-year high of $134.67. The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 7.70. The company has a market cap of $4.17 billion, a P/E ratio of 16.19 and a beta of 1.20.

TriNet Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Tuesday, October 1st were paid a dividend of $0.25 per share. 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 is currently 19.27%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $103.00 target price on shares of TriNet Group in a research report on Tuesday, October 22nd. Needham & Company LLC downgraded TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 price objective for the company. in a research report on Monday, October 28th. Finally, TD Cowen reduced their target price on TriNet Group from $110.00 to $92.00 and set a “buy” rating on the stock in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $113.20.

Hedge Funds Weigh In On TriNet Group

Institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp grew its position in shares of TriNet Group by 108.1% during the 1st quarter. Van ECK Associates Corp now owns 49,289 shares of the business services provider’s stock worth $6,531,000 after buying an additional 25,606 shares during the period. BNP Paribas Financial Markets grew its holdings in TriNet Group by 23.2% in the first quarter. BNP Paribas Financial Markets now owns 43,952 shares of the business services provider’s stock worth $5,823,000 after purchasing an additional 8,275 shares during the period. Jennison Associates LLC increased its stake in TriNet Group by 1.8% in the first quarter. Jennison Associates LLC now owns 5,663 shares of the business services provider’s stock valued at $750,000 after purchasing an additional 99 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of TriNet Group during the first quarter valued at about $1,936,000. Finally, ProShare Advisors LLC boosted its position in shares of TriNet Group by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 5,755 shares of the business services provider’s stock worth $762,000 after purchasing an additional 452 shares in the last quarter. 96.81% of the stock is owned by institutional investors and hedge funds.

About TriNet Group

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.