TriNet Group (NYSE:TNET) Hits New 12-Month Low – Should You Sell?

TriNet Group, Inc. (NYSE:TNET) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $53.75 and last traded at $54.0550, with a volume of 17901 shares changing hands. The stock had previously closed at $55.96.

Analyst Upgrades and Downgrades

TNET has been the topic of several research reports. Zacks Research lowered shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriNet Group in a research note on Wednesday, January 21st. JPMorgan Chase & Co. reduced their target price on shares of TriNet Group from $75.00 to $65.00 and set an “underweight” rating for the company in a research report on Thursday, October 30th. UBS Group cut their price objective on shares of TriNet Group from $69.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. Finally, TD Cowen decreased their target price on shares of TriNet Group from $65.00 to $64.00 and set a “hold” rating on the stock in a report on Thursday, January 8th. Five analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, TriNet Group has an average rating of “Reduce” and an average target price of $63.50.

TriNet Group Price Performance

The company has a debt-to-equity ratio of 8.14, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market cap of $2.56 billion, a P/E ratio of 19.70 and a beta of 0.81. The firm’s 50 day moving average is $59.61 and its 200 day moving average is $62.51.

TriNet Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 26th. Investors of record on Friday, January 2nd were paid a dividend of $0.275 per share. The ex-dividend date was Friday, January 2nd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.1%. TriNet Group’s payout ratio is 40.59%.

Insider Buying and Selling at TriNet Group

In other news, CTO Jeffery Jon Hayward sold 1,437 shares of TriNet Group stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $57.51, for a total transaction of $82,641.87. Following the sale, the chief technology officer owned 27,922 shares in the company, valued at $1,605,794.22. This trade represents a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Anthony Shea Treadway sold 459 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $54.52, for a total transaction of $25,024.68. Following the transaction, the senior vice president directly owned 28,224 shares of the company’s stock, valued at $1,538,772.48. This trade represents a 1.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,798 shares of company stock valued at $162,593 over the last ninety days. 37.10% of the stock is currently owned by company insiders.

Institutional Trading of TriNet Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Boston Partners purchased a new position in shares of TriNet Group in the 3rd quarter worth approximately $97,712,000. Northwestern Mutual Wealth Management Co. grew its holdings in TriNet Group by 5,911,158.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 709,351 shares of the business services provider’s stock worth $41,944,000 after purchasing an additional 709,339 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of TriNet Group by 19.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,353,004 shares of the business services provider’s stock worth $157,392,000 after purchasing an additional 387,940 shares in the last quarter. Man Group plc lifted its holdings in shares of TriNet Group by 286.6% during the 3rd quarter. Man Group plc now owns 468,897 shares of the business services provider’s stock valued at $31,365,000 after purchasing an additional 347,622 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of TriNet Group by 35.2% in the 2nd quarter. American Century Companies Inc. now owns 1,160,037 shares of the business services provider’s stock worth $84,845,000 after purchasing an additional 301,832 shares in the last quarter. Institutional investors own 96.81% of the company’s stock.

TriNet Group Company 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.