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