Russell Investments Group Ltd. Has $7.16 Million Stock Holdings in TriNet Group, Inc. (NYSE:TNET)

Russell Investments Group Ltd. increased its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 78,855 shares of the business services provider’s stock after acquiring an additional 2,349 shares during the period. Russell Investments Group Ltd.’s holdings in TriNet Group were worth $7,158,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TNET. Wells Fargo & Company MN boosted its holdings in TriNet Group by 4.7% during the fourth quarter. Wells Fargo & Company MN now owns 77,518 shares of the business services provider’s stock valued at $7,036,000 after purchasing an additional 3,456 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in TriNet Group by 18.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,898,005 shares of the business services provider’s stock valued at $172,282,000 after buying an additional 289,071 shares in the last quarter. Alliancebernstein L.P. grew its position in TriNet Group by 495.2% in the fourth quarter. Alliancebernstein L.P. now owns 214,217 shares of the business services provider’s stock valued at $19,444,000 after acquiring an additional 178,228 shares during the period. Wellington Management Group LLP raised its stake in TriNet Group by 23.1% during the fourth quarter. Wellington Management Group LLP now owns 1,626,902 shares of the business services provider’s stock worth $147,674,000 after acquiring an additional 305,165 shares in the last quarter. Finally, Orion Portfolio Solutions LLC lifted its holdings in shares of TriNet Group by 26.4% during the fourth quarter. Orion Portfolio Solutions LLC now owns 3,706 shares of the business services provider’s stock valued at $336,000 after acquiring an additional 773 shares during the period. Institutional investors own 96.81% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TNET. Needham & Company LLC reaffirmed a “hold” rating on shares of TriNet Group in a research note on Thursday, March 13th. TD Cowen cut TriNet Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $104.00 to $74.00 in a report on Tuesday, February 18th.

TriNet Group Stock Up 2.4 %

Shares of TriNet Group stock opened at $78.61 on Friday. TriNet Group, Inc. has a 1 year low of $65.43 and a 1 year 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 company has a market capitalization of $3.89 billion, a P/E ratio of 22.99 and a beta of 1.06. The business has a 50-day moving average of $77.39 and a two-hundred day moving average of $87.22.

TriNet Group (NYSE:TNET) last released its earnings results on Thursday, February 13th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $252.00 million during the quarter, compared to analysts’ expectations of $225.72 million. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. As a group, equities analysts predict that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.40%. This is an increase from TriNet Group’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, April 1st. TriNet Group’s dividend payout ratio (DPR) is currently 32.16%.

Insiders Place Their Bets

In other news, Director Paul Edward Chamberlain sold 600 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $41,616.00. Following the transaction, the director now owns 36,991 shares in the company, valued at approximately $2,565,695.76. This trade represents a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Jeffery Jon Hayward sold 1,364 shares of TriNet Group stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total value of $94,607.04. Following the sale, the chief technology officer now directly owns 19,867 shares of the company’s stock, valued at $1,377,975.12. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,748 shares of company stock valued at $833,436 in the last 90 days. 37.10% of the stock is currently owned by insiders.

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.