The Manufacturers Life Insurance Company Cuts Stock Position in Insperity, Inc. (NYSE:NSP)

The Manufacturers Life Insurance Company trimmed its holdings in shares of Insperity, Inc. (NYSE:NSP) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,556 shares of the business services provider’s stock after selling 1,033 shares during the period. The Manufacturers Life Insurance Company owned 0.11% of Insperity worth $3,143,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in NSP. Jones Financial Companies Lllp grew its stake in shares of Insperity by 493.2% in the fourth quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider’s stock valued at $27,000 after buying an additional 291 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Insperity in the 3rd quarter worth approximately $32,000. UMB Bank n.a. grew its position in Insperity by 45.9% in the fourth quarter. UMB Bank n.a. now owns 849 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 267 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Insperity during the fourth quarter valued at approximately $87,000. Finally, Covestor Ltd lifted its position in shares of Insperity by 12.6% during the fourth quarter. Covestor Ltd now owns 1,302 shares of the business services provider’s stock worth $101,000 after purchasing an additional 146 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Insperity

In related news, CEO Paul J. Sarvadi sold 14,203 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $65.26, for a total transaction of $926,887.78. Following the completion of the transaction, the chief executive officer now owns 458,589 shares in the company, valued at $29,927,518.14. The trade was a 3.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ellen H. Masterson acquired 1,755 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were bought at an average price of $85.75 per share, with a total value of $150,491.25. Following the completion of the purchase, the director now owns 16,612 shares in the company, valued at $1,424,479. The trade was a 11.81 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 45,203 shares of company stock worth $3,542,968. 5.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NSP. Truist Financial dropped their price target on shares of Insperity from $82.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, April 30th. StockNews.com cut Insperity from a “buy” rating to a “hold” rating in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $89.67.

Insperity Stock Performance

Shares of Insperity stock opened at $65.96 on Friday. The firm has a market cap of $2.48 billion, a PE ratio of 27.37 and a beta of 0.55. Insperity, Inc. has a 1 year low of $61.54 and a 1 year high of $106.69. The firm’s 50-day simple moving average is $81.71 and its 200-day simple moving average is $80.30. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.08 and a current ratio of 1.08.

Insperity (NYSE:NSP) last released its earnings results on Tuesday, April 29th. The business services provider reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.44). The firm had revenue of $310.00 million for the quarter, compared to the consensus estimate of $1.87 billion. Insperity had a return on equity of 72.22% and a net margin of 1.38%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.27 EPS. Equities analysts forecast that Insperity, Inc. will post 2.33 earnings per share for the current fiscal year.

Insperity Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $0.60 per share. The ex-dividend date was Thursday, March 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.64%. Insperity’s dividend payout ratio (DPR) is 142.86%.

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.