Insperity, Inc. (NYSE:NSP) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its stake in shares of Insperity, Inc. (NYSE:NSP) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,378 shares of the business services provider’s stock after selling 265 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Insperity were worth $737,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Andina Capital Management LLC lifted its position in 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 raised its stake in shares of Insperity by 0.3% during the second quarter. The Manufacturers Life Insurance Company now owns 43,075 shares of the business services provider’s stock valued at $3,929,000 after purchasing an additional 150 shares during the period. Arizona State Retirement System lifted its position in shares of Insperity by 1.9% during the second quarter. Arizona State Retirement System now owns 9,918 shares of the business services provider’s stock worth $905,000 after purchasing an additional 185 shares in the last quarter. Covestor Ltd boosted its stake in shares of Insperity by 21.7% in the third quarter. Covestor Ltd now owns 1,156 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 206 shares during the period. Finally, Crossmark Global Holdings Inc. grew its holdings in Insperity by 9.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,525 shares of the business services provider’s stock valued at $222,000 after purchasing an additional 213 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. William Blair cut shares of Insperity from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th. StockNews.com cut Insperity from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Truist Financial lowered their price objective on Insperity from $95.00 to $88.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. assumed coverage on Insperity in a research note on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 target price for the company. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, Insperity has a consensus rating of “Hold” and a consensus price target of $95.67.

Insperity Trading Up 0.2 %

NYSE:NSP opened at $81.46 on Wednesday. The company has a market cap of $3.05 billion, a PE ratio of 25.86, a P/E/G ratio of 2.28 and a beta of 1.15. The business’s 50 day moving average is $81.84 and its two-hundred day moving average is $89.66. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.95. Insperity, Inc. has a 52 week low of $71.69 and a 52 week high of $119.40.

Insperity Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be issued 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 is presently 76.19%.

Insperity Profile

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.