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

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 given 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 dividend yield of 1.05%. The ex-dividend date is Thursday, January 2nd.

TriNet Group has a dividend payout ratio of 18.0% meaning its dividend is sufficiently covered by earnings. Equities research 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 0.7 %

TriNet Group stock traded up $0.69 during mid-day trading on Friday, hitting $95.58. 273,222 shares of the company’s stock were exchanged, compared to its average volume of 304,857. TriNet Group has a 1-year low of $74.32 and a 1-year high of $134.67. The stock has a 50 day moving average of $92.59 and a two-hundred day moving average of $97.84. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 7.70. The stock has a market cap of $4.74 billion, a P/E ratio of 18.42 and a beta of 1.21.

Insider Buying and Selling at TriNet Group

In other news, CTO Jeffery Jon Hayward sold 2,345 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $93.03, for a total transaction of $218,155.35. Following the transaction, the chief technology officer now owns 34,606 shares in the company, valued at approximately $3,219,396.18. The trade was a 6.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction dated Wednesday, October 30th. The shares were 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 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 position. The disclosure for this sale can be found here. Insiders have sold 4,533 shares of company stock valued at $418,629 in the last 90 days. 37.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

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.