TriNet Group, Inc. (NYSE:TNET) Plans $0.25 Quarterly Dividend

TriNet Group, Inc. (NYSE:TNET) announced a quarterly dividend on Thursday, December 12th,NASDAQ Dividends reports. Shareholders of record on Thursday, January 2nd will be paid a dividend of 0.25 per share by the business services provider on Monday, January 27th. This represents a $1.00 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, January 2nd.

TriNet Group has a dividend payout ratio of 18.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect TriNet Group to earn $4.67 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 21.4%.

TriNet Group Stock Up 0.7 %

Shares of TNET stock traded up $0.69 during mid-day trading on Friday, hitting $95.58. The company’s stock had a trading volume of 273,222 shares, compared to its average volume of 304,857. The company has a debt-to-equity ratio of 7.70, a quick ratio of 1.07 and a current ratio of 1.07. TriNet Group has a 52-week low of $74.32 and a 52-week high of $134.67. The stock has a market cap of $4.74 billion, a price-to-earnings ratio of 18.39 and a beta of 1.21. The business has a 50-day moving average price of $92.59 and a 200 day moving average price of $97.84.

Insiders Place Their Bets

In related news, CTO Jeffery Jon Hayward sold 1,813 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $92.74, for a total value of $168,137.62. Following the completion of the transaction, the chief technology officer now owns 36,951 shares of the company’s stock, valued at approximately $3,426,835.74. This represents a 4.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Paul Edward Chamberlain sold 375 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $86.23, for a total value of $32,336.25. Following the completion of the transaction, the director now directly owns 37,591 shares of the company’s stock, valued at approximately $3,241,471.93. This trade represents a 0.99 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,533 shares of company stock valued at $418,629. Insiders own 37.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Needham & Company LLC cut shares of TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 target price on the stock. in a research note on Monday, October 28th. TD Cowen increased their price objective on shares of TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $103.00 target price on shares of TriNet Group in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, TriNet Group currently has a consensus rating of “Hold” and a consensus price target of $117.00.

TriNet Group Company Profile

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.