Triple-S Management Corp. (NYSE:GTS) Director Purchases $99,276.25 in Stock

November 14th, 2019 - Comments Off - Filed Under - by Lindsey Winhoffer

Triple-S Management Corp. (NYSE:GTS) Director David H. Chafey, Jr. purchased 5,375 shares of Triple-S Management stock in a transaction that occurred on Tuesday, November 12th. The stock was acquired at an average cost of $18.47 per share, with a total value of $99,276.25. Following the acquisition, the director now directly owns 22,361 shares in the company, valued at approximately $413,007.67. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Triple-S Management stock traded up $0.72 during mid-day trading on Thursday, reaching $18.95. 3,991 shares of the stock traded hands, compared to its average volume of 263,036. The business has a 50-day moving average of $14.93 and a 200 day moving average of $21.18. Triple-S Management Corp. has a fifty-two week low of $12.66 and a fifty-two week high of $27.86. The stock has a market capitalization of $416.47 million, a PE ratio of -12.87, a PEG ratio of 0.69 and a beta of 0.22. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.03.

Triple-S Management (NYSE:GTS) last announced its earnings results on Thursday, November 7th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.18. Triple-S Management had a return on equity of 7.35% and a net margin of 2.12%. The business had revenue of $836.00 million during the quarter, compared to analysts’ expectations of $819.42 million. During the same quarter in the prior year, the firm earned $0.60 earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts expect that Triple-S Management Corp. will post 2.6 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Bank of Montreal Can grew its position in Triple-S Management by 575.9% in the second quarter. Bank of Montreal Can now owns 2,021 shares of the company’s stock worth $48,000 after acquiring an additional 1,722 shares during the period. Investors Research Corp grew its position in Triple-S Management by 31.3% in the second quarter. Investors Research Corp now owns 4,200 shares of the company’s stock worth $100,000 after acquiring an additional 1,000 shares during the period. Tower Research Capital LLC TRC purchased a new position in Triple-S Management in the third quarter worth approximately $74,000. Jefferies Group LLC purchased a new position in Triple-S Management in the second quarter worth approximately $291,000. Finally, Algert Global LLC purchased a new position in shares of Triple-S Management during the second quarter worth $363,000. Institutional investors and hedge funds own 84.03% of the company’s stock.

A number of brokerages have commented on GTS. Zacks Investment Research raised Triple-S Management from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Tuesday, October 8th. ValuEngine cut Triple-S Management from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Wells Fargo & Co reduced their target price on Triple-S Management from $27.00 to $21.00 and set a “market perform” rating for the company in a report on Thursday, September 12th. Finally, TheStreet cut Triple-S Management from a “b” rating to a “c+” rating in a report on Monday, September 9th.

About Triple-S Management

Triple-S Management Corporation, through its subsidiaries, provides a portfolio of managed care and related products in the commercial, Medicare Advantage, and Medicaid markets. It operates through three segments: Managed Care, Life Insurance, and Property and Casualty Insurance. The company offers various managed care products, including health maintenance organization plans; preferred provider organization plans; BlueCard program; Medicare Supplement products; Medicare Advantage products; Medicaid plans; and claims processing and other administrative services to employers, professional and trade associations, individuals, and government entities.