Nationwide Fund Advisors Buys 5,000 Shares of Triple-S Management Corporation (GTS)
Nationwide Fund Advisors raised its stake in shares of Triple-S Management Corporation (NYSE:GTS) by 21.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,871 shares of the company’s stock after purchasing an additional 5,000 shares during the quarter. Nationwide Fund Advisors owned 0.12% of Triple-S Management Corporation worth $471,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GTS. Public Employees Retirement System of Ohio boosted its holdings in Triple-S Management Corporation by 16.0% during the first quarter. Public Employees Retirement System of Ohio now owns 5,826 shares of the company’s stock valued at $102,000 after purchasing an additional 803 shares in the last quarter. Legal & General Group Plc acquired a new stake in Triple-S Management Corporation during the first quarter valued at approximately $102,000. UBS Group AG boosted its holdings in Triple-S Management Corporation by 81.1% during the first quarter. UBS Group AG now owns 7,677 shares of the company’s stock valued at $135,000 after purchasing an additional 3,439 shares in the last quarter. American International Group Inc. boosted its holdings in Triple-S Management Corporation by 7.1% during the first quarter. American International Group Inc. now owns 14,350 shares of the company’s stock valued at $252,000 after purchasing an additional 949 shares in the last quarter. Finally, Tudor Investment Corp ET AL boosted its holdings in Triple-S Management Corporation by 19.2% during the first quarter. Tudor Investment Corp ET AL now owns 24,525 shares of the company’s stock valued at $431,000 after purchasing an additional 3,948 shares in the last quarter. 80.37% of the stock is currently owned by institutional investors.
A number of research firms have weighed in on GTS. ValuEngine raised Triple-S Management Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Zacks Investment Research downgraded Triple-S Management Corporation from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. BidaskClub raised Triple-S Management Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. TheStreet raised Triple-S Management Corporation from a “c” rating to a “b-” rating in a report on Thursday, August 17th. Finally, Wells Fargo & Company raised Triple-S Management Corporation from an “underperform” rating to a “market perform” rating and lifted their price objective for the company from $16.00 to $20.00 in a report on Wednesday, August 9th. Four investment analysts have rated the stock with a hold rating, Triple-S Management Corporation presently has an average rating of “Hold” and a consensus price target of $23.50.
Triple-S Management Corporation (GTS) opened at $24.20 on Friday. Triple-S Management Corporation has a one year low of $15.05 and a one year high of $25.41. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.04. The stock has a market cap of $591.54, a P/E ratio of 345.71, a PEG ratio of 2.81 and a beta of 0.33.
Triple-S Management Corporation (NYSE:GTS) last posted its earnings results on Tuesday, August 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.57. Triple-S Management Corporation had a net margin of 0.63% and a return on equity of 0.19%. The company had revenue of $745.90 million during the quarter, compared to analysts’ expectations of $723.25 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. Triple-S Management Corporation’s quarterly revenue was down .9% compared to the same quarter last year. sell-side analysts forecast that Triple-S Management Corporation will post 0.86 EPS for the current fiscal year.
Triple-S Management Corporation declared that its board has initiated a share repurchase plan on Tuesday, August 8th that permits the company to repurchase $30.00 million in shares. This repurchase authorization permits the company to reacquire up to 6.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
In other news, insider Arturo Carrion sold 1,100 shares of Triple-S Management Corporation stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $23.80, for a total value of $26,180.00. Following the completion of the transaction, the insider now owns 48,663 shares in the company, valued at $1,158,179.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.52% of the company’s stock.
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Triple-S Management Corporation Profile
Triple-S Management Corporation operates as a managed care company. The Company offers a range of managed care and related products in the commercial, Medicaid and Medicare markets. The Company’s segments include Managed Care, Life Insurance, and Property and Casualty Insurance. The Managed Care segment is engaged in the sale of managed care products to the Commercial, Medicare and Medicaid market sectors.
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