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

TriNet Group, Inc. (NYSE:TNET) announced a quarterly dividend on Monday, June 24th, Wall Street Journal reports. Stockholders of record on Monday, July 1st will be given a dividend of 0.25 per share by the business services provider on Monday, July 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Monday, July 1st.

TriNet Group has a dividend payout ratio of 14.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect TriNet Group to earn $5.55 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 18.0%.

TriNet Group Price Performance

NYSE:TNET opened at $100.00 on Friday. TriNet Group has a 52 week low of $90.55 and a 52 week high of $134.67. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 6.88. The stock has a market capitalization of $5.06 billion, a PE ratio of 16.39 and a beta of 1.19. The stock’s 50-day moving average price is $105.62 and its 200-day moving average price is $116.66.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Friday, April 26th. The business services provider reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.36). TriNet Group had a return on equity of 124.38% and a net margin of 6.78%. The firm had revenue of $357.00 million during the quarter, compared to analyst estimates of $380.41 million. As a group, equities analysts expect that TriNet Group will post 4.82 EPS for the current fiscal year.

Insider Transactions at TriNet Group

In other news, Director Paul Edward Chamberlain sold 375 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $101.02, for a total transaction of $37,882.50. Following the transaction, the director now directly owns 36,341 shares in the company, valued at approximately $3,671,167.82. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Paul Edward Chamberlain sold 375 shares of TriNet Group stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $101.02, for a total transaction of $37,882.50. Following the sale, the director now owns 36,341 shares of the company’s stock, valued at approximately $3,671,167.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Alexander G. Warren sold 1,867 shares of TriNet Group stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $103.74, for a total transaction of $193,682.58. Following the sale, the senior vice president now directly owns 32,661 shares in the company, valued at approximately $3,388,252.14. The disclosure for this sale can be found here. Insiders own 37.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TNET shares. StockNews.com cut TriNet Group from a “buy” rating to a “hold” rating in a report on Monday, April 29th. TD Cowen lowered their price objective on TriNet Group from $132.00 to $118.00 and set a “buy” rating on the stock in a report on Monday, June 24th. Finally, Needham & Company LLC lowered their price objective on TriNet Group from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $113.83.

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.