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

TriNet Group, Inc. (NYSE:TNET) announced a quarterly dividend on Friday, September 11th. Investors 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 annualized dividend and a yield of 1.8%. The ex-dividend date is Thursday, October 1st.

TriNet Group has a 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 Trading Down 2.7%

TNET opened at $63.36 on Tuesday. 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’s 50 day simple moving average is $67.45 and its two-hundred day simple moving average is $52.25. TriNet Group has a 1-year low of $33.60 and a 1-year high of $73.07. The company has a debt-to-equity ratio of 7.17, a current ratio of 1.13 and a quick ratio of 1.13.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Thursday, July 30th. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $0.93 by $0.62. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations 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 firm earned $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. Analysts expect that TriNet Group will post 3.87 EPS for the current fiscal year.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, Director Wayne B. Lowell sold 5,773 shares of TriNet Group stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $68.71, for a total value of $396,662.83. Following the transaction, the director directly owned 86,449 shares in the company, valued at approximately $5,939,910.79. This trade represents a 6.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Anthony Shea Treadway sold 1,068 shares of TriNet Group stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $69.80, for a total transaction of $74,546.40. Following the completion of the transaction, the senior vice president owned 65,506 shares in the company, valued at approximately $4,572,318.80. This trade represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 10,016 shares of company stock valued at $691,600. Insiders own 40.00% of the company’s stock.

Institutional Investors Weigh In On TriNet Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd grew its stake in shares of TriNet Group by 160.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider’s stock worth $28,000 after acquiring an additional 295 shares during the last quarter. ProShare Advisors LLC raised its holdings in TriNet Group by 6.8% in the 4th quarter. ProShare Advisors LLC now owns 5,466 shares of the business services provider’s stock valued at $323,000 after acquiring an additional 346 shares in the last quarter. GAMMA Investing LLC raised its holdings in TriNet Group by 63.6% in the 2nd quarter. GAMMA Investing LLC now owns 1,350 shares of the business services provider’s stock valued at $67,000 after acquiring an additional 525 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of TriNet Group by 19.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,113 shares of the business services provider’s stock worth $150,000 after purchasing an additional 675 shares in the last quarter. Finally, Essential Partners LLC grew its holdings in shares of TriNet Group by 427.4% during the 1st quarter. Essential Partners LLC now owns 944 shares of the business services provider’s stock worth $34,000 after purchasing an additional 765 shares in the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

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.