TriNet Group, Inc. (NYSE:TNET) Announces Quarterly Dividend of $0.28

TriNet Group, Inc. (NYSE:TNET) announced a quarterly dividend on Thursday, March 20th, RTT News reports. Investors of record on Tuesday, April 1st will be given a dividend of 0.275 per share by the business services provider on Monday, April 28th. This represents a $1.10 annualized dividend and a yield of 1.39%. This is a 10.0% increase from TriNet Group’s previous quarterly dividend of $0.25.

TriNet Group has a dividend payout ratio of 20.2% meaning its dividend is sufficiently covered by earnings. Analysts expect TriNet Group to earn $3.50 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 28.6%.

TriNet Group Stock Performance

Shares of TNET stock opened at $78.90 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 13.16. TriNet Group has a 52 week low of $65.43 and a 52 week high of $134.67. The stock has a market capitalization of $3.91 billion, a PE ratio of 23.07 and a beta of 1.26. The firm has a 50 day moving average of $82.94 and a two-hundred day moving average of $89.67.

TriNet Group (NYSE:TNET) last issued its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $252.00 million during the quarter, compared to analysts’ expectations of $225.72 million. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. On average, research analysts predict that TriNet Group will post 3.04 EPS for the current fiscal year.

Insider Buying and Selling at TriNet Group

In other news, CTO Jeffery Jon Hayward sold 7,784 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $89.57, for a total transaction of $697,212.88. Following the transaction, the chief technology officer now directly owns 21,769 shares in the company, valued at $1,949,849.33. The trade was a 26.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul Edward Chamberlain sold 600 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $41,616.00. Following the transaction, the director now owns 36,991 shares in the company, valued at $2,565,695.76. The trade was a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,748 shares of company stock worth $833,436. 37.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TNET has been the subject of a number of research reports. Needham & Company LLC reissued a “hold” rating on shares of TriNet Group in a research report on Thursday, March 13th. TD Cowen cut shares of TriNet Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $104.00 to $74.00 in a research report on Tuesday, February 18th.

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.