Insperity, Inc. (NYSE:NSP) Declares Quarterly Dividend of $0.60

Insperity, Inc. (NYSE:NSP) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders of record on Thursday, March 13th will be given a dividend of 0.60 per share by the business services provider on Thursday, March 27th. This represents a $2.40 annualized dividend and a yield of 2.73%.

Insperity has increased its dividend by an average of 10.6% per year over the last three years and has increased its dividend every year for the last 14 years. Insperity has a dividend payout ratio of 55.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Insperity to earn $3.05 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 78.7%.

Insperity Price Performance

Shares of NSP traded up $0.81 during trading hours on Thursday, reaching $88.03. 25,647 shares of the company traded hands, compared to its average volume of 415,056. The stock has a market capitalization of $3.28 billion, a PE ratio of 36.62 and a beta of 1.13. Insperity has a fifty-two week low of $68.79 and a fifty-two week high of $110.72. 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 fifty day simple moving average of $79.11 and a 200 day simple moving average of $82.91.

Insider Activity

In other news, Director Ellen H. Masterson purchased 1,755 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was acquired at an average cost of $85.75 per share, with a total value of $150,491.25. Following the acquisition, the director now owns 16,612 shares in the company, valued at approximately $1,424,479. This trade represents a 11.81 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Paul J. Sarvadi sold 25,000 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $84.32, for a total transaction of $2,108,000.00. Following the completion of the transaction, the chief executive officer now owns 436,584 shares in the company, valued at $36,812,762.88. This 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.

Analysts Set New Price Targets

NSP has been the topic of several research analyst reports. Truist Financial decreased their target price on shares of Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. StockNews.com upgraded Insperity from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $95.67.

Insperity Company Profile

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.