American International Group Inc. raised its holdings in Insperity, Inc. (NYSE:NSP) by 5.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,539 shares of the business services provider’s stock after purchasing an additional 763 shares during the quarter. American International Group Inc. owned 0.07% of Insperity worth $1,279,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Suntrust Banks Inc. raised its position in Insperity by 1.6% in the second quarter. Suntrust Banks Inc. now owns 3,457 shares of the business services provider’s stock valued at $244,000 after purchasing an additional 53 shares during the period. Albion Financial Group UT raised its holdings in shares of Insperity by 1.8% in the 2nd quarter. Albion Financial Group UT now owns 3,358 shares of the business services provider’s stock valued at $238,000 after buying an additional 60 shares during the period. Alps Advisors Inc. raised its holdings in shares of Insperity by 1.5% in the 2nd quarter. Alps Advisors Inc. now owns 5,868 shares of the business services provider’s stock valued at $417,000 after buying an additional 86 shares during the period. Renaissance Group LLC raised its holdings in shares of Insperity by 2.4% in the 2nd quarter. Renaissance Group LLC now owns 4,010 shares of the business services provider’s stock valued at $285,000 after buying an additional 93 shares during the period. Finally, Wedge Capital Management L L P NC raised its holdings in shares of Insperity by 2.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 3,598 shares of the business services provider’s stock valued at $255,000 after buying an additional 96 shares during the period. Institutional investors own 80.38% of the company’s stock.

In related news, EVP Arthur A. Arizpe sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $117.01, for a total transaction of $585,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jon Craig Goodwin bought 200,000 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were bought at an average cost of $0.18 per share, with a total value of $36,000.00. Over the last three months, insiders have purchased 586,667 shares of company stock valued at $105,600 and have sold 357,209 shares valued at $14,933,644. Insiders own 27.47% of the company’s stock.

NSP has been the topic of several research analyst reports. SunTrust Banks reiterated a “hold” rating and issued a $55.00 price objective on shares of Insperity in a report on Friday, November 3rd. They noted that the move was a valuation call. Robert W. Baird reiterated a “buy” rating and issued a $56.00 price objective on shares of Insperity in a report on Friday, November 10th. Finally, Zacks Investment Research downgraded Insperity from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $50.60.

Shares of Insperity, Inc. (NYSE:NSP) opened at $116.50 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $2,425.08, a price-to-earnings ratio of 31.11, a P/E/G ratio of 1.61 and a beta of 0.92. Insperity, Inc. has a 1-year low of $69.20 and a 1-year high of $118.50.

Insperity’s stock is going to split on Monday, December 18th. The 2-1 split was announced on Thursday, November 16th. The newly minted shares will be issued to shareholders after the market closes on Friday, December 15th.

Insperity (NYSE:NSP) last posted its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.08. The firm had revenue of $795.50 million for the quarter, compared to the consensus estimate of $786.44 million. Insperity had a return on equity of 94.38% and a net margin of 2.43%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 EPS. research analysts forecast that Insperity, Inc. will post 4.03 earnings per share for the current fiscal year.

Insperity declared that its board has approved a stock buyback program on Thursday, November 16th that authorizes the company to buyback 500,000 shares. This buyback authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

The business also recently announced a dividend, which will be paid on Monday, December 18th. Investors of record on Monday, December 4th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, December 1st. Insperity’s payout ratio is 32.35%.

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About Insperity

Insperity, Inc provides a range of human resources (HR) and business solutions. The Company’s HR services offerings are provided through its Workforce Optimization and Workforce Synchronization solutions (together, its professional employer organization (PEO) HR Outsourcing solutions), which encompass a range of human resources functions, including payroll and employment administration, employee benefits, workers’ compensation, performance management and training and development services, along with its cloud-based human capital management platform, the Employee Service Center (ESC).

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Institutional Ownership by Quarter for Insperity (NYSE:NSP)

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