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

TriNet Group, Inc. (NYSE:TNET - Get Free Report) declared a quarterly dividend on Thursday, March 20th, RTT News reports. Shareholders of record on Tuesday, April 1st will be given 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 1.38%. 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 dividend payout ratio of 20.2% meaning its dividend is sufficiently covered by earnings. Equities 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 Up 4.2 %

Shares of TNET stock traded up $3.23 during mid-day trading on Monday, reaching $79.92. 495,447 shares of the company's stock traded hands, compared to its average volume of 340,271. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 13.16. The company's 50-day moving average price is $82.68 and its 200-day moving average price is $89.34. The company has a market cap of $3.96 billion, a P/E ratio of 23.37 and a beta of 1.26. TriNet Group has a 12 month low of $65.43 and a 12 month high of $134.67.

TriNet Group (NYSE:TNET - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.02. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. The business had revenue of $252.00 million for the quarter, compared to analysts' expectations of $225.72 million. On average, equities analysts expect that TriNet Group will post 3.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Jeffery Jon Hayward sold 1,364 shares of TriNet Group stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total value of $94,607.04. Following the completion of the sale, the chief technology officer now directly owns 19,867 shares in the company, valued at approximately $1,377,975.12. This trade represents a 6.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the director now owns 36,991 shares in the company, valued at $2,565,695.76. This represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,748 shares of company stock worth $833,436 in the last three months. Insiders own 37.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Needham & Company LLC reiterated a "hold" rating on shares of TriNet Group in a research note on Thursday, March 13th. TD Cowen lowered TriNet Group from a "buy" rating to a "hold" rating and lowered their price target for the stock from $104.00 to $74.00 in a research report on Tuesday, February 18th.

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.