Legal & General Group Plc Takes Position in TriNet Group, Inc. $TNET

Legal & General Group Plc purchased a new position in TriNet Group, Inc. (NYSE:TNET) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,849 shares of the business services provider’s stock, valued at approximately $1,230,000.

Several other institutional investors have also made changes to their positions in TNET. Caitong International Asset Management Co. Ltd increased its stake in TriNet Group by 160.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider’s stock valued at $28,000 after buying an additional 295 shares during the period. Quantinno Capital Management LP boosted its stake in shares of TriNet Group by 5.9% during the 2nd quarter. Quantinno Capital Management LP now owns 5,652 shares of the business services provider’s stock valued at $413,000 after buying an additional 317 shares during the period. ProShare Advisors LLC boosted its stake in shares of TriNet Group by 6.8% during the 4th quarter. ProShare Advisors LLC now owns 5,466 shares of the business services provider’s stock valued at $323,000 after buying an additional 346 shares during the period. Quarry LP grew its holdings in shares of TriNet Group by 524.7% during the 3rd quarter. Quarry LP now owns 456 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 383 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of TriNet Group by 1.3% in the third quarter. Victory Capital Management Inc. now owns 30,600 shares of the business services provider’s stock worth $2,047,000 after acquiring an additional 386 shares during the last quarter. 96.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TNET has been the subject of several recent research reports. Truist Financial increased their price objective on TriNet Group from $50.00 to $62.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. upped their target price on TriNet Group from $45.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, July 31st. Weiss Ratings raised TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 25th. Zacks Research lowered TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Finally, TD Cowen boosted their price target on TriNet Group from $46.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, June 26th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, TriNet Group currently has a consensus rating of “Hold” and a consensus price target of $56.80.

Insider Buying and Selling

In other TriNet Group news, SVP Anthony Shea Treadway sold 1,068 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $69.80, for a total transaction of $74,546.40. Following the completion of the sale, the senior vice president owned 65,506 shares of the company’s stock, valued at $4,572,318.80. This 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 available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul Chamberlain sold 2,400 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $69.70, for a total value of $167,280.00. Following the transaction, the director owned 40,175 shares in the company, valued at approximately $2,800,197.50. This trade represents a 5.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 10,016 shares of company stock worth $691,600. Insiders own 40.00% of the company’s stock.

TriNet Group Stock Down 0.1%

TriNet Group stock opened at $69.00 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 7.17. TriNet Group, Inc. has a 1-year low of $33.60 and a 1-year high of $73.07. The firm’s fifty day simple moving average is $63.93 and its 200-day simple moving average is $49.01. The company has a market capitalization of $3.17 billion, a P/E ratio of 18.45 and a beta of 0.94.

TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.62. TriNet Group had a net margin of 3.58% and a return on equity of 227.28%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the company posted $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. Sell-side analysts forecast that TriNet Group, Inc. will post 3.87 earnings per share for the current fiscal year.

TriNet Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.7%. TriNet Group’s dividend payout ratio is currently 31.02%.

TriNet Group Profile

TriNet Group, Inc is a leading professional employer organization (PEO) that offers integrated human capital management solutions to small and medium-size businesses. Through a bundled suite of services, TriNet manages payroll administration, employee benefits, workers’ compensation, risk mitigation and federal and state compliance. Its cloud-based platform provides clients with centralized access to HR tools, analytics and streamlined workforce management capabilities.

Founded in 1988 and headquartered in Dublin, California, TriNet has grown to support thousands of organizations across the United States.