TriNet Group, Inc. (TNET) To Go Ex-Dividend on April 1st

TriNet Group, Inc. (NYSE:TNET) announced a quarterly dividend on Thursday, March 20th, RTT News reports. Stockholders 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 annualized dividend and a dividend 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 dividend payout ratio of 22.3% meaning its dividend is sufficiently covered by earnings. 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 TriNet Group stock opened at $79.04 on Friday. The firm has a fifty day moving average of $81.44 and a two-hundred day moving average of $88.85. The company has a debt-to-equity ratio of 13.16, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 23.11 and a beta of 1.26. TriNet Group has a 52 week low of $65.43 and a 52 week high of $134.67.

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling at TriNet Group

In related news, CTO Jeffery Jon Hayward sold 1,364 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $94,607.04. Following the sale, the chief technology officer now 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul Edward Chamberlain sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $41,616.00. Following the completion of the transaction, the director now owns 36,991 shares of the company’s stock, valued at approximately $2,565,695.76. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,748 shares of company stock worth $833,436. Corporate 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.