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

Insperity, Inc. (NYSE:NSP) declared a quarterly dividend on Friday, November 22nd,NASDAQ Dividends reports. Investors of record on Tuesday, December 10th will be given a dividend of 0.60 per share by the business services provider on Tuesday, December 24th. This represents a $2.40 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Tuesday, December 10th.

Insperity has raised its dividend by an average of 11.7% annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Insperity has a dividend payout ratio of 65.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Insperity to earn $2.55 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 94.1%.

Insperity Stock Performance

Shares of NYSE:NSP opened at $82.91 on Friday. Insperity has a 12-month low of $71.69 and a 12-month high of $119.40. The company’s 50 day moving average price is $81.58 and its two-hundred day moving average price is $89.31. The firm has a market cap of $3.10 billion, a PE ratio of 26.32, a PEG ratio of 2.33 and a beta of 1.15. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.95.

Analyst Upgrades and Downgrades

NSP has been the topic of a number of analyst reports. Truist Financial reduced their price target on Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. William Blair cut Insperity from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. began coverage on shares of Insperity in a research report on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 price objective for the company. Finally, StockNews.com lowered shares of Insperity from a “buy” rating to a “hold” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, Insperity presently has a consensus rating of “Hold” and an average price target of $95.67.

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.