Principal Financial Group Inc. Raises Stock Position in Insperity, Inc. (NYSE:NSP)

Posted by Defense World Staff on May 24th, 2023

Principal Financial Group Inc. raised its stake in shares of Insperity, Inc. (NYSE:NSP – Get Rating) by 0.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 146,698 shares of the business services provider’s stock after purchasing an additional 138 shares during the quarter. Principal Financial Group Inc. owned approximately 0.39% of Insperity worth $16,665,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in NSP. Mitsubishi UFJ Trust & Banking Corp bought a new position in Insperity in the 3rd quarter worth about $25,000. Ronald Blue Trust Inc. purchased a new stake in Insperity during the 4th quarter valued at approximately $25,000. U.S. Capital Wealth Advisors LLC purchased a new stake in Insperity during the 4th quarter valued at approximately $28,000. Point72 Hong Kong Ltd purchased a new stake in Insperity during the 1st quarter valued at approximately $124,000. Finally, Van ECK Associates Corp purchased a new stake in Insperity during the 4th quarter valued at approximately $186,000. 90.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. 22nd Century Group reaffirmed a “maintains” rating on shares of Insperity in a report on Thursday, April 27th. StockNews.com assumed coverage on shares of Insperity in a report on Thursday, May 18th. They set a “strong-buy” rating for the company. 1-800-FLOWERS.COM reaffirmed a “maintains” rating on shares of Insperity in a report on Thursday, April 27th. Finally, Truist Financial downgraded Insperity from a “buy” rating to a “hold” rating and set a $128.00 target price for the company. in a research report on Monday, April 24th. One investment analyst has rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $133.50.

Insider Transactions at Insperity

In other news, CFO Douglas S. Sharp sold 5,159 shares of the firm’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $123.78, for a total transaction of $638,581.02. Following the transaction, the chief financial officer now owns 21,015 shares in the company, valued at $2,601,236.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Paul J. Sarvadi sold 840 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $124.12, for a total transaction of $104,260.80. Following the transaction, the chief executive officer now owns 550,288 shares in the company, valued at $68,301,746.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Douglas S. Sharp sold 5,159 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $123.78, for a total value of $638,581.02. Following the completion of the sale, the chief financial officer now owns 21,015 shares in the company, valued at approximately $2,601,236.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,999 shares of company stock worth $1,523,742. 5.61% of the stock is currently owned by insiders.

Insperity Stock Down 0.5 %

NYSE NSP opened at $112.88 on Wednesday. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $4.31 billion, a P/E ratio of 21.34, a P/E/G ratio of 1.55 and a beta of 1.24. Insperity, Inc. has a one year low of $87.74 and a one year high of $131.09. The stock has a 50 day moving average price of $118.89 and a 200-day moving average price of $117.23.

Insperity Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 24th. Investors of record on Friday, March 10th were given a $0.52 dividend. The ex-dividend date was Thursday, March 9th. This represents a $2.08 dividend on an annualized basis and a yield of 1.84%. Insperity’s dividend payout ratio is presently 39.32%.

About Insperity

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Insperity, Inc engages in the provision of human resources and business solutions designed to help improve business performance. The firm also offers payroll and employment administration, employee benefits, workers’ compensation, government compliance, performance management, and training and development services, along with cloud-based human capital management platform.