Principal Financial Group Inc. Has $2.54 Million Stake in TriNet Group, Inc. (NYSE:TNET)

Principal Financial Group Inc. lifted its position in shares of TriNet Group, Inc. (NYSE:TNETFree Report) by 28.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,316 shares of the business services provider’s stock after purchasing an additional 4,778 shares during the quarter. Principal Financial Group Inc.’s holdings in TriNet Group were worth $2,535,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in TriNet Group by 4.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 812,990 shares of the business services provider’s stock valued at $96,690,000 after buying an additional 37,851 shares during the last quarter. Principal Securities Inc. purchased a new stake in TriNet Group in the 4th quarter valued at $26,000. Baxter Bros Inc. raised its position in TriNet Group by 1.1% in the 4th quarter. Baxter Bros Inc. now owns 20,615 shares of the business services provider’s stock valued at $2,452,000 after buying an additional 220 shares during the last quarter. Westover Capital Advisors LLC purchased a new stake in TriNet Group in the 4th quarter valued at $387,000. Finally, New York Life Investment Management LLC purchased a new stake in TriNet Group in the 4th quarter valued at $694,000. 96.81% of the stock is owned by institutional investors and hedge funds.

TriNet Group Stock Down 0.1 %

Shares of NYSE TNET opened at $103.97 on Friday. The company has a market cap of $5.26 billion, a P/E ratio of 17.04 and a beta of 1.16. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 6.88. The business has a 50-day simple moving average of $116.38 and a two-hundred day simple moving average of $118.21. TriNet Group, Inc. has a 52 week low of $87.20 and a 52 week high of $134.67.

TriNet Group (NYSE:TNETGet Free Report) last announced its quarterly earnings data on Friday, April 26th. The business services provider reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.36). The firm had revenue of $357.00 million for the quarter, compared to analysts’ expectations of $380.41 million. TriNet Group had a net margin of 6.78% and a return on equity of 124.38%. Research analysts anticipate that TriNet Group, Inc. will post 4.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TriNet Group news, Director Paul Edward Chamberlain sold 375 shares of TriNet Group stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $101.02, for a total value of $37,882.50. Following the transaction, the director now directly owns 36,341 shares of the company’s stock, valued at approximately $3,671,167.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Paul Edward Chamberlain sold 375 shares of TriNet Group stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $101.02, for a total value of $37,882.50. Following the sale, the director now directly owns 36,341 shares in the company, valued at approximately $3,671,167.82. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Alexander G. Warren sold 1,867 shares of TriNet Group stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $103.74, for a total value of $193,682.58. Following the completion of the sale, the senior vice president now owns 32,661 shares in the company, valued at $3,388,252.14. The disclosure for this sale can be found here. Insiders own 37.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TNET shares. Needham & Company LLC lowered their price target on TriNet Group from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, April 26th. TD Cowen raised their target price on TriNet Group from $129.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. Stifel Nicolaus raised their target price on TriNet Group from $117.00 to $121.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, StockNews.com lowered TriNet Group from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $117.50.

Get Our Latest Analysis on TriNet Group

TriNet Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TriNet Group (NYSE:TNET)

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