TriNet Group, Inc. (NYSE:TNET) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in TriNet Group, Inc. (NYSE:TNET) by 7.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,735 shares of the business services provider’s stock after selling 232 shares during the period. Principal Financial Group Inc.’s holdings in TriNet Group were worth $248,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. TD Private Client Wealth LLC raised its holdings in TriNet Group by 25.5% in the 3rd quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock valued at $58,000 after acquiring an additional 121 shares during the last quarter. KBC Group NV raised its holdings in TriNet Group by 26.5% in the 3rd quarter. KBC Group NV now owns 950 shares of the business services provider’s stock valued at $92,000 after acquiring an additional 199 shares during the last quarter. Avion Wealth raised its holdings in TriNet Group by 14.9% in the 4th quarter. Avion Wealth now owns 1,081 shares of the business services provider’s stock valued at $98,000 after acquiring an additional 140 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in TriNet Group in the 4th quarter valued at about $230,000. Finally, Quadrature Capital Ltd acquired a new stake in TriNet Group in the 3rd quarter valued at about $275,000. Institutional investors and hedge funds own 96.81% of the company’s stock.

TriNet Group Stock Up 1.5 %

Shares of NYSE TNET opened at $75.72 on Friday. The company has a 50 day simple moving average of $85.55 and a 200-day simple moving average of $91.20. The company has a market capitalization of $3.75 billion, a P/E ratio of 22.14 and a beta of 1.21. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. TriNet Group, Inc. has a 1 year low of $65.43 and a 1 year high of $134.67.

TriNet Group (NYSE:TNET) last announced its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $252.00 million during the quarter, compared to the consensus estimate of $225.72 million. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. On average, equities research analysts predict that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were given a dividend of $0.25 per share. The ex-dividend date was Thursday, January 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.32%. TriNet Group’s payout ratio is currently 29.24%.

Analyst Ratings Changes

TNET has been the subject of a number of recent research reports. TD Cowen downgraded shares of TriNet Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $104.00 to $74.00 in a report on Tuesday, February 18th. Needham & Company LLC restated a “hold” rating on shares of TriNet Group in a report on Friday, February 14th.

Insider Buying and Selling

In other news, CTO Jeffery Jon Hayward sold 7,784 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $89.57, for a total transaction of $697,212.88. Following the sale, the chief technology officer now owns 21,769 shares of the company’s stock, valued at approximately $1,949,849.33. This represents a 26.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul Edward Chamberlain sold 600 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $41,616.00. Following the completion of the sale, the director now owns 36,991 shares in the company, valued at approximately $2,565,695.76. The trade was a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,748 shares of company stock valued at $833,436. Company insiders own 37.10% of the company’s stock.

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.