Legal & General Group Plc bought a new position in shares of Insperity, Inc. (NYSE:NSP – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 83,188 shares of the business services provider’s stock, valued at approximately $3,436,000. Legal & General Group Plc owned approximately 0.22% of Insperity as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company purchased a new position in Insperity in the second quarter valued at approximately $613,000. Sanctuary Advisors LLC acquired a new stake in shares of Insperity in the 2nd quarter valued at about $1,073,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Insperity in the second quarter valued at about $227,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Insperity during the second quarter worth $295,000. Finally, Ieq Capital LLC purchased a new stake in shares of Insperity in the second quarter valued at approximately $2,654,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.
Insperity Price Performance
NSP opened at $51.82 on Friday. The company has a debt-to-equity ratio of 6.87, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $1.98 billion, a PE ratio of -120.51 and a beta of 0.51. The stock’s fifty day moving average is $49.84 and its 200-day moving average is $36.56. Insperity, Inc. has a one year low of $18.57 and a one year high of $57.22.
Insperity Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Wednesday, September 2nd will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 4.6%. Insperity’s dividend payout ratio is currently -558.14%.
Wall Street Analyst Weigh In
NSP has been the subject of several research reports. Wall Street Zen upgraded Insperity from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Robert W. Baird set a $56.00 price objective on Insperity in a report on Friday, July 31st. Truist Financial set a $52.00 price objective on Insperity and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Weiss Ratings raised shares of Insperity from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 15th. Finally, Zacks Research raised shares of Insperity from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $53.33.
Read Our Latest Research Report on NSP
Insperity Profile
Insperity, Inc is a leading provider of human resources and business performance solutions designed to help small and midsize businesses operate more efficiently. Headquartered in Kingwood, Texas, the company offers a comprehensive suite of products and services that span workforce management, payroll administration, employee benefits, risk management, and talent development. By leveraging its proprietary technology platform and team of HR experts, Insperity enables clients to focus on core business objectives while outsourcing complex administrative functions.
The company’s flagship offering is its Professional Employer Organization (PEO) service, which allows clients to outsource critical HR tasks such as payroll processing, workers’ compensation administration, and compliance with employment regulations.
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