TriNet Group, Inc. (NYSE:TNET) Announces Dividend Increase – $0.28 Per Share

TriNet Group, Inc. (NYSE:TNET) announced a quarterly dividend on Thursday, March 20th, RTT News reports. Shareholders of record on Tuesday, April 1st will be paid 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 dividend yield of 1.39%. This is a 10.0% increase from TriNet Group’s previous quarterly dividend of $0.25.

TriNet Group has a payout ratio of 20.2% meaning its dividend is sufficiently covered by earnings. Research 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 Down 0.3 %

Shares of NYSE TNET opened at $78.90 on Friday. TriNet Group has a 12-month low of $65.43 and a 12-month high of $134.67. The company has a market capitalization of $3.91 billion, a PE ratio of 23.07 and a beta of 1.26. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. The firm’s 50-day moving average is $82.94 and its two-hundred day moving average is $89.67.

TriNet Group (NYSE:TNET) last announced its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. The business had revenue of $252.00 million for the quarter, compared to the consensus estimate of $225.72 million. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. Equities analysts anticipate that TriNet Group will post 3.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TNET shares. Needham & Company LLC reissued a “hold” rating on shares of TriNet Group in a research note on Thursday, March 13th. TD Cowen downgraded shares of TriNet Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $104.00 to $74.00 in a research note on Tuesday, February 18th.

Insider Buying and Selling at TriNet Group

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