187,202 Shares in TriNet Group, Inc. (NYSE:TNET) Purchased by Point72 Asset Management L.P.

Point72 Asset Management L.P. acquired a new position in TriNet Group, Inc. (NYSE:TNET - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 187,202 shares of the business services provider's stock, valued at approximately $16,992,000. Point72 Asset Management L.P. owned approximately 0.38% of TriNet Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. LRI Investments LLC raised its stake in TriNet Group by 643.8% during the 4th quarter. LRI Investments LLC now owns 662 shares of the business services provider's stock worth $60,000 after acquiring an additional 573 shares during the period. IFP Advisors Inc increased its stake in shares of TriNet Group by 45.5% in the fourth quarter. IFP Advisors Inc now owns 767 shares of the business services provider's stock worth $71,000 after purchasing an additional 240 shares in the last quarter. Avion Wealth increased its stake in shares of TriNet Group by 14.9% in the fourth quarter. Avion Wealth now owns 1,081 shares of the business services provider's stock worth $98,000 after purchasing an additional 140 shares in the last quarter. KBC Group NV raised its position in shares of TriNet Group by 43.7% during the 4th quarter. KBC Group NV now owns 1,365 shares of the business services provider's stock valued at $124,000 after purchasing an additional 415 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of TriNet Group by 118.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the business services provider's stock valued at $131,000 after buying an additional 785 shares in the last quarter. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

TriNet Group Price Performance

NYSE TNET traded down $0.69 on Friday, reaching $81.13. The company had a trading volume of 40,746 shares, compared to its average volume of 384,090. The stock has a market capitalization of $3.93 billion, a PE ratio of 23.84 and a beta of 0.91. TriNet Group, Inc. has a 12 month low of $65.43 and a 12 month high of $116.26. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 13.16. The firm's 50 day moving average price is $79.27 and its 200 day moving average price is $84.79.

TriNet Group (NYSE:TNET - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The business services provider reported $1.99 earnings per share for the quarter, beating analysts' consensus estimates of $1.67 by $0.32. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $319.36 million. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. During the same quarter last year, the business posted $2.18 earnings per share. As a group, equities analysts predict that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.36%. This is a boost from TriNet Group's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, April 1st. TriNet Group's dividend payout ratio is 32.84%.

Analyst Ratings Changes

A number of brokerages have issued reports on TNET. TD Cowen lowered TriNet Group from a "buy" rating to a "hold" rating and cut their price target for the stock from $104.00 to $74.00 in a research note on Tuesday, February 18th. JPMorgan Chase & Co. increased their target price on TriNet Group from $75.00 to $76.00 and gave the stock an "underweight" rating in a research report on Monday, April 28th. Finally, Needham & Company LLC reissued a "hold" rating on shares of TriNet Group in a research note on Thursday, March 13th.

Insider Activity

In related news, Director Paul Edward Chamberlain sold 600 shares of TriNet Group stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total value of $41,616.00. Following the completion of the transaction, the director now owns 36,991 shares in the company, valued at approximately $2,565,695.76. This trade represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $94,607.04. Following the sale, the chief technology officer now owns 19,867 shares in the company, valued at approximately $1,377,975.12. This trade represents a 6.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,147 shares of company stock worth $152,053. 38.10% of the stock is currently owned by insiders.

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.