TriNet Group, Inc. (NYSE:TNET) Increases Dividend to $0.28 Per Share

TriNet Group, Inc. (NYSE:TNET) declared 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 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Tuesday, April 1st. This is a 10.0% increase from TriNet Group’s previous quarterly dividend of $0.25.

TriNet Group has a payout ratio of 22.3% indicating that 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 $1.10 annual dividend with an expected future payout ratio of 31.4%.

TriNet Group Stock Performance

Shares of NYSE TNET opened at $79.04 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 13.16. The company has a market capitalization of $3.91 billion, a P/E ratio of 23.11 and a beta of 1.26. TriNet Group has a 12 month low of $65.43 and a 12 month high of $134.67. The stock has a 50 day moving average of $81.44 and a 200-day moving average of $88.85.

TriNet Group (NYSE:TNET) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $252.00 million during the quarter, compared to analysts’ expectations of $225.72 million. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. As a group, equities research analysts predict that TriNet Group will post 3.04 EPS for the current year.

Insider Activity at TriNet Group

In related news, Director Paul Edward Chamberlain sold 600 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $41,616.00. Following the completion of the sale, the director now owns 36,991 shares of the company’s stock, valued at $2,565,695.76. This represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $94,607.04. Following the completion of the transaction, the chief technology officer now directly owns 19,867 shares in the company, valued at approximately $1,377,975.12. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,748 shares of company stock worth $833,436. Corporate insiders own 37.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TNET shares. TD Cowen cut shares of TriNet Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $104.00 to $74.00 in a report on Tuesday, February 18th. Needham & Company LLC reiterated a “hold” rating on shares of TriNet Group in a research note on Thursday, March 13th.

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.