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

TriNet Group, Inc. (NYSE:TNET - Get Free Report) declared a quarterly dividend on Thursday, December 12th,NASDAQ Dividends reports. Shareholders of record on Thursday, January 2nd will be paid 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 yield of 1.05%. The ex-dividend date is Thursday, January 2nd.

TriNet Group has a payout ratio of 18.0% indicating that 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 Price Performance

Shares of TNET traded up $0.69 during trading hours on Friday, reaching $95.58. 273,222 shares of the company's stock traded hands, compared to its average volume of 304,857. TriNet Group has a 12 month low of $74.32 and a 12 month high of $134.67. 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 PE ratio of 18.39 and a beta of 1.21. The firm's 50 day simple moving average is $92.59 and its 200-day simple moving average is $97.84.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TNET shares. Needham & Company LLC downgraded TriNet Group from a "buy" rating to a "hold" rating and set a $140.00 price objective on the stock. in a report on Monday, October 28th. TD Cowen increased their price objective on TriNet Group from $92.00 to $104.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $103.00 target price on shares of TriNet Group in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, TriNet Group currently has an average rating of "Hold" and an average price target of $117.00.

Insider Activity

In related news, Director Paul Edward Chamberlain sold 375 shares of the company's stock in a transaction 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 sale, the director now directly owns 37,591 shares of the company's stock, valued at $3,241,471.93. This represents a 0.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Jeffery Jon Hayward sold 2,345 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $93.03, for a total value of $218,155.35. Following the completion of the transaction, the chief technology officer now owns 34,606 shares of the company's stock, valued at approximately $3,219,396.18. This trade represents a 6.35 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,533 shares of company stock valued at $418,629. Company insiders own 37.10% of the company's stock.

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.

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