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

TriNet Group, Inc. (NYSE:TNET) announced a quarterly dividend on Thursday, December 12th,NASDAQ Dividends reports. Investors 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. Equities 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 Price Performance

NYSE TNET traded up $0.69 on Friday, reaching $95.58. 273,222 shares of the stock traded hands, compared to its average volume of 304,857. TriNet Group has a 12 month low of $74.32 and a 12 month high of $134.67. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 18.42 and a beta of 1.21. The firm’s fifty day simple moving average is $92.59 and its 200 day simple moving average is $97.84. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 7.70.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, CTO Jeffery Jon Hayward sold 2,345 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $93.03, for a total value of $218,155.35. Following the transaction, the chief technology officer now owns 34,606 shares in the company, valued at $3,219,396.18. This represents a 6.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $86.23, for a total transaction of $32,336.25. Following the completion of the sale, the director now directly owns 37,591 shares of the company’s stock, valued at $3,241,471.93. This trade represents a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,533 shares of company stock valued at $418,629. 37.10% of the stock is owned by corporate insiders.

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.