TriNet Appoints Shea Treadway as Chief Revenue OfficerTriNet Appoints Shea Treadway as Chief Revenue Officer Treadway most recently served as Senior Vice President and Head of Distribution for Principal Financial Group where he led a team of over 2,000 sales consultants, account managers, and affiliated distribution team members responsible for more than 100,000 SMB customers. He has also held senior leadership roles in both direct and brokerage distribution of voluntary benefits and served as Colonial Life ...

Company Insights - TriNet Group (TNET) shares increased by 4.2% in the last trading session, closing at $101.10, attributed to notable trading volume exceeding typical levels [4] - The company is expected to report quarterly earnings of $1.24 per share, reflecting a year-over-year decline of 28.7%, with revenues projected at $301.76 million, down 11.5% from the previous year [5] - The consensus EPS estimate for TriNet has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [6] Industry Context - TriNet operates within the Zacks Outsourcing industry, which includes other companies like Automatic Data Processing (ADP) [7] - ADP's stock closed 0.6% higher at $235.63, but has experienced a return of -4.9% over the past month [7] - The growth in professional services revenues and insurance revenue due to inflationary pressures is noted as a positive trend in the broader market [1]

Core Insights - TriNet has appointed Brian Evanko, President and CEO of Cigna Healthcare, to its Board of Directors, enhancing its leadership with his extensive experience in healthcare and finance [1][2][3] Company Overview - TriNet is a leading provider of comprehensive human resources solutions specifically designed for small and medium-sized businesses (SMBs), offering services such as professional employer organization (PEO) and human resources information system (HRIS) [5] - The company has over 30 years of experience in supporting entrepreneurs and adapting to the evolving modern workplace, enabling SMBs to focus on growth and employee development [5] Leadership Experience - Brian Evanko has a robust background in financial and operational roles within The Cigna Group, including leadership positions in U.S. Government business and International Health operations [3][4] - Evanko holds multiple professional designations, including Fellow of the Society of Actuaries (FSA), Member of the American Academy of Actuaries (MAAA), and Chartered Financial Analyst (CFA) [4]

CHICAGO, June 25, 2024 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), announced a series of new product enhancements, capabilities and strategic partners designed to meet the needs of its customers in today's everevolving business environment. These announcements were made today in Chicago at the Society for Human Resource Management (SHRM) Annual Conference and Expo 2024. TriNet has announced a series of new pr ...

DUBLIN, Calif., June 24, 2024 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced its Board of Directors approved a dividend of $0.25 per share of the Company's common stock with a record date and exdividend date of July 1, 2024 and a payout date of July 22, 2024. About TriNet SOURCE TriNet Group, Inc. TriNet (NYSE: TNET) provides small and medium-size businesses (SMBs) with full-service industry-spec ...

Recognized for its Commitment to Environmental, Social and Governance Initiatives DUBLIN, Calif., June 11, 2024 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced it has been awarded "Prime" status from ISS ESG, as of April 26, 2024. ISS ESG is the responsible investment arm for Institutional Shareholder Services (ISS), and evaluates companies utilizing publicly available environmental, social, and g ...

Core Insights - TriNet has appointed Tim Nimmer as Senior Vice President, Insurance Services and Operations, effective June 24, 2024, reporting to CEO Mike Simonds [1][2] - The company also announced the departure of Chief Revenue Officer Alex Warren, who has been with TriNet since 2016 [4][5] Leadership Changes - Tim Nimmer brings extensive experience from Aetna Inc., where he led pricing, underwriting, and digital transformation for over $100 billion in revenue and 26 million members [3] - Nimmer previously served as Aon's Global Chief Actuary, overseeing pricing, underwriting, analytics, and innovation [3] - Alex Warren's departure is acknowledged by CEO Mike Simonds, who expressed gratitude for his contributions to TriNet's success [5] Strategic Focus - CEO Mike Simonds emphasized the importance of employee benefits for small and medium-sized businesses (SMBs) and the need for top talent and technology to address rising costs and complexity [3] - Nimmer expressed enthusiasm for joining TriNet and aims to enhance solutions for SMBs, particularly in healthcare and workers' compensation [4]

TriNet Group, Inc. (NYSE:TNET) Q1 2024 Earnings Conference Call April 26, 2024 8:30 AM ET Company Participants Alex Bauer - Head of IR Mike Simonds - CEO Kelly Tuminelli - CFO Conference Call Participants Tien-Tsin Huang - JPMorgan Kyle Peterson - Needham Andrew Nicholas - William Blair Jared Levine - TD Cowen David Grossman - Stifel Operator Good morning, and welcome to the TriNet First Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Delaware 95-3359658 (State or other jurisdiction of incorporation or organization) One Park Place, Suite 600 Dublin, CA 94568 (Address of principal executive offices) (Zip Code) (I.R.S. Employer Identification No.) Registrant's telephone number, including area code: (510) 352-5000 Sec ...

TriNet Announces First Quarter 2024 Results 1% Growth in Total Revenues to $1.3 Billion 4% Growth in Professional Service Revenues to $214 million Net Income per Diluted Share of $1.78 and Adjusted Net Income per Diluted Share $2.16 | | Q2 2024 | | | | | Full Year 2024 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | Low | | | High | Low | | High | | Total Revenues | | (1)% | | 1 % | | (1)% | 4 % | | Professional Service Revenues | | (2)% | | 4 % | | 1 % | 5 % | | Insurance Cost Ratio | | 90.0 % | ...