TriNet Group (NYSE:TNET) Hits New 12-Month Low - Here's Why

TriNet Group, Inc. (NYSE:TNET - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $65.14 and last traded at $65.81, with a volume of 34821 shares. The stock had previously closed at $65.83.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lifted their price objective on shares of TriNet Group from $75.00 to $76.00 and gave the company an "underweight" rating in a research note on Monday, April 28th.

TriNet Group Stock Performance

The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 14.43. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 19.07 and a beta of 0.84. The firm has a fifty day simple moving average of $77.35 and a 200-day simple moving average of $80.08.

TriNet Group (NYSE:TNET - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The business services provider reported $1.99 EPS for the quarter, topping analysts' consensus estimates of $1.67 by $0.32. TriNet Group had a net margin of 3.32% and a return on equity of 237.87%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $319.36 million. During the same period last year, the business posted $2.18 earnings per share. Analysts forecast that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Tuesday, July 1st will be paid a dividend of $0.275 per share. The ex-dividend date is Tuesday, July 1st. This represents a $1.10 dividend on an annualized basis and a yield of 1.72%. TriNet Group's dividend payout ratio (DPR) is presently 32.84%.

Insider Activity at TriNet Group

In other news, CTO Jeffery Jon Hayward sold 1,437 shares of TriNet Group stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $82.04, for a total value of $117,891.48. Following the completion of the transaction, the chief technology officer directly owned 32,932 shares of the company's stock, valued at approximately $2,701,741.28. This trade represents a 4.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Sidney A. Majalya sold 500 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $83.14, for a total value of $41,570.00. Following the completion of the transaction, the senior vice president directly owned 23,033 shares in the company, valued at approximately $1,914,963.62. This trade represents a 2.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,120 shares of company stock valued at $175,291 over the last 90 days. Corporate insiders own 38.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TNET. LRI Investments LLC grew its position in TriNet Group by 643.8% in the fourth quarter. LRI Investments LLC now owns 662 shares of the business services provider's stock worth $60,000 after acquiring an additional 573 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of TriNet Group by 118.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the business services provider's stock worth $131,000 after purchasing an additional 785 shares in the last quarter. AlphaQuest LLC increased its position in shares of TriNet Group by 633.5% during the 1st quarter. AlphaQuest LLC now owns 2,472 shares of the business services provider's stock valued at $196,000 after purchasing an additional 2,135 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of TriNet Group during the 1st quarter valued at about $206,000. Finally, Xponance Inc. lifted its position in TriNet Group by 6.4% in the 1st quarter. Xponance Inc. now owns 2,613 shares of the business services provider's stock worth $207,000 after buying an additional 157 shares during the last quarter. 96.81% of the stock is owned by institutional investors.

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.