Insperity, Inc. (NYSE:NSP) to Issue $0.60 Quarterly Dividend

Insperity, Inc. (NYSE:NSP) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders 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 by an average of 10.6% per year over the last three years and has raised its dividend annually for the last 14 consecutive years. Insperity has a payout ratio of 55.4% indicating that 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 Price Performance

Shares of NSP stock traded up $0.81 during mid-day trading on Thursday, hitting $88.03. 25,647 shares of the stock traded hands, compared to its average volume of 415,056. Insperity has a twelve month low of $68.79 and a twelve month high of $110.72. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.08 and a current ratio of 1.08. The company’s 50-day simple moving average is $79.11 and its 200-day simple moving average is $82.91. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 36.62 and a beta of 1.13.

Insider Activity

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Truist Financial cut their target price on shares of Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. StockNews.com upgraded shares of Insperity from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Insperity currently has a consensus rating of “Hold” and an average price target of $95.67.

Insperity Company Profile

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.