Man Group plc Makes New $13.75 Million Investment in TriNet Group, Inc. $TNET

Man Group plc purchased a new position in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 277,903 shares of the business services provider's stock, valued at approximately $13,753,000. Man Group plc owned approximately 0.61% of TriNet Group as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TNET. Jupiter Topco LLC bought a new stake in shares of TriNet Group in the 2nd quarter valued at $12,148,000. Hsbc Holdings PLC acquired a new position in TriNet Group in the second quarter valued at about $910,000. EFG International AG bought a new stake in shares of TriNet Group in the second quarter worth about $753,000. Canada Pension Plan Investment Board bought a new stake in shares of TriNet Group in the second quarter worth about $747,000. Finally, Legal & General Group Plc acquired a new stake in shares of TriNet Group during the second quarter worth about $1,230,000. Institutional investors and hedge funds own 96.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TNET. Zacks Research cut shares of TriNet Group from a "strong-buy" rating to a "hold" rating in a report on Friday, July 3rd. Truist Financial raised their price target on TriNet Group from $50.00 to $62.00 and gave the company a "hold" rating in a research note on Wednesday, July 22nd. TD Cowen boosted their price objective on shares of TriNet Group from $46.00 to $49.00 and gave the stock a "hold" rating in a research note on Friday, June 26th. Weiss Ratings upgraded TriNet Group from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. increased their price target on shares of TriNet Group from $45.00 to $50.00 and gave the company an "underweight" rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $56.80.

Insider Activity

In related news, SVP Anthony Shea Treadway sold 1,068 shares of TriNet Group stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $69.80, for a total transaction of $74,546.40. Following the sale, the senior vice president directly owned 65,506 shares in the company, valued at $4,572,318.80. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Wayne B. Lowell sold 5,773 shares of TriNet Group stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $68.71, for a total transaction of $396,662.83. Following the transaction, the director owned 86,449 shares in the company, valued at approximately $5,939,910.79. This trade represents a 6.26% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 7,616 shares of company stock worth $524,320. Insiders own 40.00% of the company's stock.

TriNet Group Trading Down 1.4%

TNET opened at $69.43 on Friday. TriNet Group, Inc. has a twelve month low of $33.60 and a twelve month high of $73.07. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 18.56 and a beta of 0.95. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 7.17. The company has a 50-day simple moving average of $61.22 and a 200 day simple moving average of $47.99.

TriNet Group (NYSE:TNET - Get Free Report) last issued its earnings results on Thursday, July 30th. The business services provider reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.62. TriNet Group had a return on equity of 227.28% and a net margin of 3.58%.The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the business posted $1.15 EPS. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. Analysts predict that TriNet Group, Inc. will post 3.87 EPS for the current fiscal year.

TriNet Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Wednesday, July 1st were paid a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $1.16 annualized dividend and a yield of 1.7%. TriNet Group's dividend payout ratio is presently 31.02%.

TriNet Group Profile

TriNet Group, Inc is a leading professional employer organization (PEO) that offers integrated human capital management solutions to small and medium-size businesses. Through a bundled suite of services, TriNet manages payroll administration, employee benefits, workers' compensation, risk mitigation and federal and state compliance. Its cloud-based platform provides clients with centralized access to HR tools, analytics and streamlined workforce management capabilities.

Founded in 1988 and headquartered in Dublin, California, TriNet has grown to support thousands of organizations across the United States.

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