Prudential Financial Inc. Decreases Stake in TriNet Group, Inc. (NYSE:TNET)

Prudential Financial Inc. lowered its position in TriNet Group, Inc. (NYSE:TNET - Free Report) by 95.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,328 shares of the business services provider's stock after selling 48,776 shares during the period. Prudential Financial Inc.'s holdings in TriNet Group were worth $216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. TD Private Client Wealth LLC increased its holdings in TriNet Group by 25.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider's stock worth $58,000 after purchasing an additional 121 shares during the period. Avion Wealth raised its holdings 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 valued at $98,000 after acquiring an additional 140 shares in the last quarter. Franklin Resources Inc. increased its position in TriNet Group by 3.4% during the 3rd quarter. Franklin Resources Inc. now owns 5,086 shares of the business services provider's stock valued at $499,000 after purchasing an additional 169 shares during the period. Linden Thomas Advisory Services LLC raised its holdings in shares of TriNet Group by 2.6% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,731 shares of the business services provider's stock valued at $702,000 after purchasing an additional 196 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of TriNet Group by 45.5% during the fourth quarter. IFP Advisors Inc now owns 767 shares of the business services provider's stock valued at $71,000 after purchasing an additional 240 shares in the last quarter. 96.81% of the stock is owned by institutional investors.

Insider Buying and Selling at TriNet Group

In other news, Director Paul Edward Chamberlain sold 600 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $41,616.00. Following the sale, the director now directly owns 36,991 shares in the company, valued at $2,565,695.76. This trade represents a 1.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total value of $94,607.04. Following the completion of the transaction, the chief technology officer now directly owns 19,867 shares of the company's stock, valued at $1,377,975.12. The trade was a 6.42 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 37.10% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Needham & Company LLC reaffirmed a "hold" rating on shares of TriNet Group in a research report on Thursday, March 13th. TD Cowen downgraded shares of TriNet Group from a "buy" rating to a "hold" rating and reduced their target price for the stock from $104.00 to $74.00 in a report on Tuesday, February 18th.

TriNet Group Stock Down 4.5 %

TriNet Group stock traded down $3.50 during midday trading on Thursday, reaching $74.93. The company's stock had a trading volume of 120,543 shares, compared to its average volume of 463,844. TriNet Group, Inc. has a 52-week low of $65.43 and a 52-week high of $131.26. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $3.63 billion, a P/E ratio of 21.91 and a beta of 1.06. The stock's 50-day simple moving average is $76.73 and its 200-day simple moving average is $86.93.

TriNet Group (NYSE:TNET - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.02. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. The business had revenue of $252.00 million for the quarter, compared to analyst estimates of $225.72 million. On average, sell-side analysts expect that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 1st will be given a $0.275 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $1.10 dividend on an annualized basis and a yield of 1.47%. This is a positive change from TriNet Group's previous quarterly dividend of $0.25. TriNet Group's dividend payout ratio is currently 32.16%.

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.