Insperity, Inc. (NYSE:NSP) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC cut its holdings in shares of Insperity, Inc. (NYSE:NSP) by 1.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,529 shares of the business services provider’s stock after selling 390 shares during the period. MetLife Investment Management LLC owned 0.10% of Insperity worth $3,391,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in NSP. nVerses Capital LLC acquired a new position in shares of Insperity during the second quarter worth $64,000. KBC Group NV increased its position in shares of Insperity by 26.4% in the 3rd quarter. KBC Group NV now owns 1,034 shares of the business services provider’s stock valued at $91,000 after acquiring an additional 216 shares during the period. Quarry LP increased its position in shares of Insperity by 205.6% in the 2nd quarter. Quarry LP now owns 1,088 shares of the business services provider’s stock valued at $99,000 after acquiring an additional 732 shares during the period. Covestor Ltd increased its position in shares of Insperity by 21.7% in the 3rd quarter. Covestor Ltd now owns 1,156 shares of the business services provider’s stock valued at $102,000 after acquiring an additional 206 shares during the period. Finally, Accordant Advisory Group Inc acquired a new position in shares of Insperity in the 2nd quarter valued at $109,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Insperity Price Performance

Shares of NSP opened at $81.46 on Wednesday. The business’s 50-day moving average is $81.84 and its two-hundred day moving average is $89.66. The company has a market capitalization of $3.05 billion, a P/E ratio of 25.86, a P/E/G ratio of 2.28 and a beta of 1.15. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.16 and a current ratio of 1.16. Insperity, Inc. has a fifty-two week low of $71.69 and a fifty-two week high of $119.40.

Insperity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Tuesday, December 10th. Insperity’s payout ratio is currently 76.19%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. StockNews.com downgraded Insperity from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Truist Financial cut their target price on Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. began coverage on Insperity in a research report on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 target price on the stock. Finally, William Blair downgraded Insperity from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $95.67.

Insperity Company Profile

Insperity, Inc engages in the provision of human resources (HR) and business solutions to improve business performance for small and medium-sized businesses primarily in the United States. It offers its HR services through its workforce optimization and workforce synchronization solutions that include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.