12,421 Shares in TriNet Group, Inc. (NYSE:TNET) Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new position in TriNet Group, Inc. (NYSE:TNET - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 12,421 shares of the business services provider's stock, valued at approximately $1,477,000.

Several other institutional investors have also recently made changes to their positions in the company. Amundi purchased a new stake in shares of TriNet Group in the 4th quarter worth approximately $33,000. Captrust Financial Advisors grew its stake in shares of TriNet Group by 78.7% in the 2nd quarter. Captrust Financial Advisors now owns 620 shares of the business services provider's stock worth $48,000 after buying an additional 273 shares during the last quarter. Avion Wealth grew its stake in shares of TriNet Group by 30.8% in the 3rd quarter. Avion Wealth now owns 463 shares of the business services provider's stock worth $53,000 after buying an additional 109 shares during the last quarter. Royal Bank of Canada grew its stake in shares of TriNet Group by 31.7% in the 3rd quarter. Royal Bank of Canada now owns 1,017 shares of the business services provider's stock worth $72,000 after buying an additional 245 shares during the last quarter. Finally, Ronald Blue Trust Inc. grew its stake in shares of TriNet Group by 351.0% in the 3rd quarter. Ronald Blue Trust Inc. now owns 690 shares of the business services provider's stock worth $80,000 after buying an additional 537 shares during the last quarter. Institutional investors own 96.81% of the company's stock.

Insider Transactions at TriNet Group

In other news, EVP Samantha Wellington sold 14,271 shares of the firm's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $124.88, for a total value of $1,782,162.48. Following the transaction, the executive vice president now directly owns 48,562 shares in the company, valued at approximately $6,064,422.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Wayne B. Lowell sold 10,000 shares of the firm's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $122.22, for a total value of $1,222,200.00. Following the transaction, the director now directly owns 84,766 shares of the company's stock, valued at approximately $10,360,100.52. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Samantha Wellington sold 14,271 shares of the firm's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $124.88, for a total value of $1,782,162.48. Following the completion of the transaction, the executive vice president now directly owns 48,562 shares in the company, valued at $6,064,422.56. The disclosure for this sale can be found here. Insiders have sold a total of 33,835 shares of company stock worth $4,161,834 in the last ninety days. Insiders own 37.40% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TNET shares. TD Cowen upped their price target on TriNet Group from $129.00 to $140.00 and gave the stock an "outperform" rating in a research note on Monday, March 4th. Stifel Nicolaus increased their target price on TriNet Group from $117.00 to $121.00 and gave the company a "buy" rating in a research note on Friday, February 16th. StockNews.com upgraded TriNet Group from a "hold" rating to a "buy" rating in a research note on Monday, February 5th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $150.00 target price on shares of TriNet Group in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, TriNet Group has an average rating of "Moderate Buy" and an average target price of $119.17.

TriNet Group Stock Up 0.8 %

TNET traded up $0.97 during trading on Friday, hitting $128.82. 156,585 shares of the company's stock traded hands, compared to its average volume of 178,879. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 19.85 and a beta of 1.09. TriNet Group, Inc. has a 12-month low of $79.00 and a 12-month high of $134.67. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 12.62. The company's 50 day simple moving average is $124.38 and its two-hundred day simple moving average is $118.26.

TriNet Group (NYSE:TNET - Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.46. The firm had revenue of $326.00 million for the quarter, compared to the consensus estimate of $300.36 million. TriNet Group had a return on equity of 87.97% and a net margin of 7.62%. Analysts predict that TriNet Group, Inc. will post 5.79 earnings per share for the current fiscal year.

TriNet Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Monday, April 1st will be paid a $0.25 dividend. The ex-dividend date is Thursday, March 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.78%. TriNet Group's dividend payout ratio (DPR) is currently 15.41%.

TriNet Group Company Profile

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.