TriNet (TNET) Mixed Outlook: Truist Maintains Hold Amid Uncertain Timing

TriNet Group, Inc. (NYSE:TNET) is included among the 11 Worst Performing Dividend Stocks Year-to-Date.

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On December 5, Truist initiated its coverage on TriNet Group, Inc. (NYSE:TNET) with a Hold rating and a $62 price target. The analyst noted that macroeconomic uncertainty and rising medical care utilization have created headwinds for the company, which has pressured both worksite employee levels and insurance costs. However, Truist expects the company to eventually reprice its insurance book and resume WSE growth. The firm also appreciated the company’s use of indirect channels and offshore labor, believing that it can support better growth and margins over time, but the uncertain timeline keeps Truist at a Hold recommendation.

TriNet Group, Inc. (NYSE:TNET) reported its earnings for the third quarter of 2025 on October 29, posting total revenues of $1.2 billion, down slightly by 2% from the same period last year. The company announced the launch of its go-to-market initiatives and is also close to finishing the most aggressive phase of its repricing work. This puts the company on a stronger growth trajectory for the quarters to come.

Despite facing challenges due to the uncertain SMB business environment, TriNet Group, Inc. (NYSE:TNET) recorded its highest-ever customer net promoter score, with customer retention above historical averages. The company’s cash position also remained stable with free cash flow of $191 million in the first nine months of the year, up from $154 million in the prior year period. Its operating cash flow was $242 million, up from $214 million.

TriNet Group, Inc. (NYSE:TNET) is an American company that provides Human Resources solutions for small and medium-sized businesses.

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