Markel Group Inc. Grows Stake in Insperity, Inc. (NYSE:NSP)

Markel Group Inc. boosted its position in Insperity, Inc. (NYSE:NSP) by 87.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 131,728 shares of the business services provider’s stock after buying an additional 61,585 shares during the period. Markel Group Inc.’s holdings in Insperity were worth $10,210,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. River Road Asset Management LLC purchased a new position in Insperity during the fourth quarter worth $47,513,000. Massachusetts Financial Services Co. MA increased its position in Insperity by 32.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 882,324 shares of the business services provider’s stock worth $77,645,000 after buying an additional 215,206 shares in the last quarter. Geode Capital Management LLC increased its position in Insperity by 16.7% during the third quarter. Geode Capital Management LLC now owns 968,634 shares of the business services provider’s stock worth $85,254,000 after buying an additional 138,837 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Insperity during the fourth quarter worth $10,390,000. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in Insperity during the third quarter worth $8,690,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Insperity

In other news, COO Arthur A. Arizpe sold 6,000 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $84.68, for a total transaction of $508,080.00. Following the sale, the chief operating officer now owns 72,551 shares in the company, valued at $6,143,618.68. This trade represents a 7.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Paul J. Sarvadi sold 25,000 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $84.32, for a total value of $2,108,000.00. Following the sale, the chief executive officer now owns 436,584 shares in the company, valued at $36,812,762.88. This trade represents a 5.42 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Insperity from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Insperity has a consensus rating of “Hold” and an average target price of $95.67.

Insperity Price Performance

NSP stock opened at $94.20 on Tuesday. Insperity, Inc. has a 52-week low of $68.79 and a 52-week high of $110.72. The stock’s fifty day simple moving average is $80.94 and its 200-day simple moving average is $82.60. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.80. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 39.09 and a beta of 1.02.

Insperity Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, March 13th. Insperity’s dividend payout ratio (DPR) is 99.59%.

About Insperity

Insperity, Inc engages in the provision of human resources (HR) and business solutions to improve business performance for small and medium-sized businesses primarily in the United States. It offers its HR services through its workforce optimization and workforce synchronization solutions that include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.