Insperity, Inc. (NYSE:NSP) Announces Quarterly Dividend of $0.60

Insperity, Inc. (NYSE:NSP) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Investors of record on Thursday, March 13th will be paid a dividend of 0.60 per share by the business services provider on Thursday, March 27th. This represents a $2.40 annualized dividend and a yield of 2.73%.

Insperity has raised its dividend payment by an average of 10.6% per year over the last three years and has increased its dividend every year for the last 14 years. Insperity has a dividend payout ratio of 55.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Insperity to earn $3.05 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 78.7%.

Insperity Trading Up 0.9 %

Shares of Insperity stock opened at $87.99 on Friday. The stock has a market cap of $3.28 billion, a P/E ratio of 36.51 and a beta of 1.13. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.80. Insperity has a 12-month low of $68.79 and a 12-month high of $110.72. The business’s 50 day moving average is $79.33 and its 200-day moving average is $82.94.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NSP. Truist Financial dropped their price target on shares of Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. StockNews.com raised shares of Insperity from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $95.67.

Insider Buying and Selling

In other news, CEO Paul J. Sarvadi sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $84.32, for a total transaction of $2,108,000.00. Following the completion of the sale, the chief executive officer now owns 436,584 shares in the company, valued at $36,812,762.88. The trade was a 5.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ellen H. Masterson bought 1,755 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was purchased at an average cost of $85.75 per share, for a total transaction of $150,491.25. Following the transaction, the director now directly owns 16,612 shares of the company’s stock, valued at $1,424,479. The trade was a 11.81 % increase in their position. The disclosure for this purchase can be found here. 5.50% of the stock is owned by insiders.

About Insperity

Insperity, Inc engages in the provision of human resources (HR) and business solutions to improve business performance for small and medium-sized businesses primarily in the United States. It offers its HR services through its workforce optimization and workforce synchronization solutions that include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.