TriNet Group, Inc. (TNET) to Issue Quarterly Dividend of $0.29 on October 26th

TriNet Group, Inc. (NYSE:TNET) declared a quarterly dividend on Friday, September 11th. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.29 per share by the business services provider on Monday, October 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, October 1st.

TriNet Group has a dividend payout ratio of 23.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect TriNet Group to earn $3.86 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 30.1%.

TriNet Group Price Performance

Shares of TNET stock opened at $63.36 on Tuesday. TriNet Group has a 12-month low of $33.60 and a 12-month high of $73.07. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 16.94 and a beta of 0.94. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 7.17. The firm has a fifty day moving average of $67.45 and a 200-day moving average of $52.25.

TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $0.93 by $0.62. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. TriNet Group had a return on equity of 227.28% and a net margin of 3.58%.During the same quarter last year, the business posted $1.15 EPS. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. On average, equities research analysts forecast that TriNet Group will post 3.87 earnings per share for the current year.

Insider Buying and Selling at TriNet Group

In other news, SVP Anthony Shea Treadway sold 1,068 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $69.80, for a total value of $74,546.40. Following the completion of the transaction, the senior vice president owned 65,506 shares in the company, valued at $4,572,318.80. This trade represents a 1.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Sidney Majalya sold 775 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $68.53, for a total value of $53,110.75. Following the completion of the transaction, the senior vice president owned 53,212 shares of the company’s stock, valued at approximately $3,646,618.36. This represents a 1.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 10,016 shares of company stock valued at $691,600. Corporate insiders own 40.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TNET. BlackRock Inc. acquired a new stake in TriNet Group during the 2nd quarter valued at $128,161,000. Norges Bank bought a new position in shares of TriNet Group in the fourth quarter valued at about $28,266,000. Man Group plc acquired a new stake in shares of TriNet Group during the 2nd quarter worth about $13,753,000. Bank of New York Mellon Corp acquired a new position in TriNet Group in the 2nd quarter valued at about $12,918,000. Finally, Bank of America Corp DE bought a new position in TriNet Group in the 2nd quarter valued at about $12,814,000. 96.81% of the stock is currently owned by institutional investors and hedge funds.

TriNet Group Company Profile

TriNet Group, Inc is a professional employer organization and human resources services company that helps small and midsize businesses manage employment-related administrative, regulatory and operational responsibilities. Through its co-employment model, TriNet can support clients with payroll administration, employee benefits, human capital management and risk mitigation services.

The company provides cloud-based tools and services covering payroll and tax administration, time and attendance, recruiting, onboarding, performance management and employee engagement.