TriNet Group, Inc. (NYSE:TNET) Shares Sold by Summit Trail Advisors LLC

Summit Trail Advisors LLC trimmed its stake in shares of TriNet Group, Inc. (NYSE:TNET) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 135,878 shares of the business services provider’s stock after selling 2,085 shares during the period. Summit Trail Advisors LLC owned about 0.27% of TriNet Group worth $13,176,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wedge Capital Management L L P NC grew its position in TriNet Group by 14.5% during the 2nd quarter. Wedge Capital Management L L P NC now owns 163,600 shares of the business services provider’s stock worth $16,360,000 after purchasing an additional 20,680 shares in the last quarter. Boston Partners grew its holdings in shares of TriNet Group by 20.8% during the first quarter. Boston Partners now owns 108,157 shares of the business services provider’s stock valued at $14,319,000 after buying an additional 18,586 shares in the last quarter. US Bancorp DE raised its position in TriNet Group by 9,893.1% during the third quarter. US Bancorp DE now owns 7,195 shares of the business services provider’s stock valued at $698,000 after buying an additional 7,123 shares during the period. Summit Global Investments purchased a new stake in TriNet Group in the 3rd quarter worth about $605,000. Finally, Harbor Capital Advisors Inc. lifted its stake in TriNet Group by 276.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,439 shares of the business services provider’s stock worth $944,000 after acquiring an additional 6,933 shares in the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

TriNet Group Stock Up 0.7 %

Shares of TriNet Group stock opened at $93.00 on Friday. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 17.92 and a beta of 1.20. The stock has a 50-day simple moving average of $93.41 and a 200-day simple moving average of $98.83. TriNet Group, Inc. has a 52-week low of $74.32 and a 52-week high of $134.67. The company has a debt-to-equity ratio of 7.70, a current ratio of 1.07 and a quick ratio of 1.07.

TriNet Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Tuesday, October 1st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Tuesday, October 1st. TriNet Group’s dividend payout ratio is 19.27%.

Analyst Ratings Changes

Several equities analysts have weighed in on TNET shares. TD Cowen lifted their target price on TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $103.00 price objective on shares of TriNet Group in a research note on Tuesday, October 22nd. Finally, Needham & Company LLC downgraded shares of TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 target price for the company. in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, TriNet Group has an average rating of “Hold” and an average price target of $117.00.

Insider Transactions at TriNet Group

In related news, Director Paul Edward Chamberlain sold 375 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $86.23, for a total value of $32,336.25. Following the completion of the sale, the director now directly owns 37,591 shares in the company, valued at approximately $3,241,471.93. The trade was a 0.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kelly L. Tuminelli sold 4,683 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $102.96, for a total value of $482,161.68. Following the transaction, the chief financial officer now owns 82,409 shares in the company, valued at approximately $8,484,830.64. This trade represents a 5.38 % decrease in their position. The disclosure for this sale can be found here. 37.10% of the stock is currently owned by company insiders.

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.