TriNet Group, Inc. (TNET) To Go Ex-Dividend on January 2nd

TriNet Group, Inc. (NYSE:TNET) declared a quarterly dividend on Thursday, December 12th,NASDAQ Dividends reports. Investors of record on Thursday, January 2nd will be given a dividend of 0.25 per share by the business services provider on Monday, January 27th. This represents a $1.00 dividend on an annualized basis and a dividend 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 research 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 Stock Up 0.7 %

Shares of NYSE TNET opened at $95.58 on Friday. The company’s 50 day moving average price is $92.59 and its 200-day moving average price is $97.84. The company has a debt-to-equity ratio of 7.70, a quick ratio of 1.07 and a current ratio of 1.07. TriNet Group has a 52-week low of $74.32 and a 52-week high of $134.67. The company has a market capitalization of $4.74 billion, a P/E ratio of 18.42 and a beta of 1.21.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TNET. Needham & Company LLC cut shares of TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 price target on the stock. in a research report on Monday, October 28th. TD Cowen upped their target price on TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $103.00 price target on shares of TriNet Group in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, TriNet Group currently has a consensus rating of “Hold” and a consensus target price of $117.00.

Insider Activity at TriNet Group

In related news, Director Paul Edward Chamberlain sold 375 shares of TriNet Group stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $86.23, for a total value of $32,336.25. Following the completion of the sale, the director now owns 37,591 shares of the company’s stock, valued at approximately $3,241,471.93. This trade represents a 0.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Jeffery Jon Hayward sold 2,345 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $93.03, for a total transaction of $218,155.35. Following the sale, the chief technology officer now directly owns 34,606 shares of the company’s stock, valued at approximately $3,219,396.18. The trade was a 6.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,533 shares of company stock valued at $418,629 in the last three months. Corporate insiders own 37.10% of the company’s stock.

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.