The Manufacturers Life Insurance Company Invests $839,000 in TriNet Group, Inc. $TNET

Key Points

• The Manufacturers Life Insurance Company acquired 16,959 TriNet Group shares worth approximately $839,000 during the second quarter. Institutional investors and hedge funds collectively own 96.81% of the stock.
• TriNet reported quarterly earnings of $1.55 per share, exceeding analyst expectations of $0.93, on revenue of $1.18 billion. The company issued fiscal 2026 EPS guidance of $4.50–$5.10 and pays a quarterly dividend of $0.29, yielding about 1.7% annually.
• Analysts maintain an overall “Hold” rating, with an average price target of $56.80, below the reported share price of $69.00. Recent insider activity was net negative, with insiders selling 10,016 shares worth approximately $691,600 over 90 days.

The Manufacturers Life Insurance Company acquired a new stake 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 fund acquired 16,959 shares of the business services provider's stock, valued at approximately $839,000.

Several other hedge funds have also recently made changes to their positions in TNET. Quarry LP lifted its position in TriNet Group by 524.7% during the 3rd quarter. Quarry LP now owns 456 shares of the business services provider's stock worth $31,000 after acquiring an additional 383 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of TriNet Group in the fourth quarter valued at about $28,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of TriNet Group by 160.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider's stock valued at $28,000 after purchasing an additional 295 shares during the period. Essential Partners LLC raised its stake in shares of TriNet Group by 427.4% in the first quarter. Essential Partners LLC now owns 944 shares of the business services provider's stock worth $34,000 after purchasing an additional 765 shares during the last quarter. Finally, Cache Advisors LLC purchased a new position in shares of TriNet Group in the first quarter worth about $36,000. 96.81% of the stock is owned by institutional investors and hedge funds.

TriNet Group Trading Down 0.6%

Shares of NYSE:TNET opened at $69.00 on Friday. TriNet Group, Inc. has a 12-month low of $33.60 and a 12-month high of $73.07. The company has a market capitalization of $3.17 billion, a PE ratio of 18.45 and a beta of 0.94. The business has a 50 day moving average of $63.93 and a two-hundred day moving average of $48.94. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 7.17.

TriNet Group (NYSE:TNET - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.62. The business had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.18 billion. TriNet Group had a net margin of 3.58% and a return on equity of 227.28%. During the same quarter last year, the company earned $1.15 EPS. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. As a group, analysts forecast that TriNet Group, Inc. will post 3.87 EPS for the current year.

TriNet Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Truist Financial increased their price target on shares of TriNet Group from $50.00 to $62.00 and gave the stock a "hold" rating in a report on Wednesday, July 22nd. Zacks Research downgraded shares of TriNet Group from a "strong-buy" rating to a "hold" rating in a report on Friday, July 3rd. Weiss Ratings upgraded shares of TriNet Group from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, August 25th. JPMorgan Chase & Co. raised their target price on shares of TriNet Group from $45.00 to $50.00 and gave the stock an "underweight" rating in a report on Friday, July 31st. Finally, TD Cowen boosted their target price on shares of TriNet Group from $46.00 to $49.00 and gave the company a "hold" rating in a research report on Friday, June 26th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $56.80.

Insider Activity

In other news, SVP Anthony Shea Treadway sold 1,068 shares of the stock in a transaction dated 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 of the company's stock, valued at $4,572,318.80. This represents a 1.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Wayne Lowell sold 5,773 shares of the firm's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $68.71, for a total value of $396,662.83. Following the sale, the director owned 86,449 shares in the company, valued at $5,939,910.79. This trade represents a 6.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 10,016 shares of company stock worth $691,600. 40.00% of the stock is currently owned by insiders.

TriNet Group Company 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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