Insperity, Inc. (NYSE:NSP) to Issue $0.57 Quarterly Dividend

Insperity, Inc. (NYSE:NSP) declared a quarterly dividend on Thursday, November 16th, Zacks reports. Stockholders of record on Monday, December 4th will be given a dividend of 0.57 per share by the business services provider on Monday, December 18th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Friday, December 1st.

Insperity has increased its dividend by an average of 18.8% per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Insperity has a payout ratio of 39.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Insperity to earn $4.62 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 49.4%.

Insperity Stock Performance

Shares of NYSE:NSP opened at $110.52 on Friday. Insperity has a 52 week low of $93.56 and a 52 week high of $131.09. The firm has a 50 day moving average of $100.12 and a 200 day moving average of $107.77. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 1.73 and a beta of 1.20. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 4.44.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NSP. Truist Financial cut their target price on Insperity from $128.00 to $110.00 and set a “hold” rating on the stock in a research note on Wednesday, August 2nd. StockNews.com raised shares of Insperity from a “hold” rating to a “buy” rating in a research report on Wednesday, November 1st.

Insiders Place Their Bets

In other news, COO Arthur A. Arizpe sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $107.07, for a total transaction of $535,350.00. Following the transaction, the chief operating officer now owns 71,574 shares in the company, valued at $7,663,428.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Paul J. Sarvadi sold 17,386 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $103.45, for a total transaction of $1,798,581.70. Following the completion of the transaction, the chief executive officer now directly owns 501,650 shares in the company, valued at $51,895,692.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Arthur A. Arizpe sold 5,000 shares of Insperity stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $107.07, for a total value of $535,350.00. Following the transaction, the chief operating officer now owns 71,574 shares of the company’s stock, valued at $7,663,428.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,886 shares of company stock valued at $2,481,292. 5.61% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Insperity

Large investors have recently bought and sold shares of the business. Point72 Asset Management L.P. acquired a new position in shares of Insperity during the 2nd quarter worth approximately $54,000. Quarry LP lifted its holdings in Insperity by 113.1% during the first quarter. Quarry LP now owns 503 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 267 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Insperity in the first quarter valued at about $124,000. Sunbelt Securities Inc. purchased a new stake in shares of Insperity during the second quarter worth about $133,000. Finally, Public Employees Retirement System of Ohio raised its position in shares of Insperity by 400.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,606 shares of the business services provider’s stock worth $191,000 after purchasing an additional 1,285 shares during the last quarter. Institutional investors and hedge funds own 91.05% of the company’s stock.

About Insperity

Insperity, Inc engages in the provision of human resources (HR) and business solutions to improve business performance for small and medium-sized businesses. 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.