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

TriNet Group, Inc. (NYSE:TNET) declared a quarterly dividend on Thursday, December 12th,NASDAQ Dividends reports. Investors of record on Thursday, January 2nd will be given a dividend of 0.25 per share by the business services provider on Monday, January 27th. This represents a $1.00 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, January 2nd.

TriNet Group has a dividend payout ratio of 18.0% meaning 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 Stock Up 0.5 %

TriNet Group stock opened at $90.68 on Tuesday. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 17.47 and a beta of 1.21. The firm has a fifty day moving average price of $91.22 and a two-hundred day moving average price of $96.52. TriNet Group has a fifty-two week low of $74.32 and a fifty-two week high of $134.67. The company has a debt-to-equity ratio of 7.70, a current ratio of 1.07 and a quick ratio of 1.07.

Analyst Ratings Changes

A number of analysts have issued reports on TNET shares. Needham & Company LLC lowered TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 target price on the stock. in a report on Monday, October 28th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $103.00 target price on shares of TriNet Group in a research report on Tuesday, October 22nd. Finally, TD Cowen raised their price target on shares of TriNet Group from $92.00 to $104.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. One equities 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $117.00.

Insider Activity

In other TriNet Group news, CTO Jeffery Jon Hayward sold 2,345 shares of TriNet Group stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $93.03, for a total transaction of $218,155.35. Following the sale, the chief technology officer now directly owns 34,606 shares of the company’s stock, valued at approximately $3,219,396.18. The trade was a 6.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 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. The trade was a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,533 shares of company stock worth $418,629. Company insiders own 37.10% of the company’s stock.

About TriNet Group

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.