Vanguard Group Inc. boosted its stake in shares of Triple-S Management Corporation (NYSE:GTS) by 3.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,026,213 shares of the company’s stock after acquiring an additional 29,547 shares during the quarter. Vanguard Group Inc. owned 4.37% of Triple-S Management Corporation worth $17,353,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio increased its stake in shares of Triple-S Management Corporation by 16.0% in the first quarter. Public Employees Retirement System of Ohio now owns 5,826 shares of the company’s stock valued at $102,000 after buying an additional 803 shares in the last quarter. American International Group Inc. increased its stake in shares of Triple-S Management Corporation by 7.1% in the first quarter. American International Group Inc. now owns 14,350 shares of the company’s stock valued at $252,000 after buying an additional 949 shares in the last quarter. Strs Ohio increased its stake in shares of Triple-S Management Corporation by 3.8% in the second quarter. Strs Ohio now owns 40,700 shares of the company’s stock valued at $688,000 after buying an additional 1,500 shares in the last quarter. Marshall Wace North America L.P. increased its stake in shares of Triple-S Management Corporation by 5.1% in the second quarter. Marshall Wace North America L.P. now owns 50,830 shares of the company’s stock valued at $864,000 after buying an additional 2,447 shares in the last quarter. Finally, UBS Group AG increased its stake in shares of Triple-S Management Corporation by 81.1% in the first quarter. UBS Group AG now owns 7,677 shares of the company’s stock valued at $135,000 after buying an additional 3,439 shares in the last quarter. Hedge funds and other institutional investors own 80.88% of the company’s stock.

GTS has been the subject of a number of research reports. Zacks Investment Research lowered Triple-S Management Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. BidaskClub upgraded Triple-S Management Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. TheStreet upgraded Triple-S Management Corporation from a “c” rating to a “b-” rating in a report on Thursday, August 17th. Wells Fargo & Company upgraded Triple-S Management Corporation from an “underperform” rating to a “market perform” rating and raised their price target for the company from $16.00 to $20.00 in a report on Wednesday, August 9th. Finally, ValuEngine upgraded Triple-S Management Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Three research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $25.50.

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Triple-S Management Corporation (NYSE:GTS) opened at $27.08 on Friday. The stock has a market capitalization of $641.66, a PE ratio of 23.86, a P/E/G ratio of 2.13 and a beta of 0.33. Triple-S Management Corporation has a 1-year low of $15.05 and a 1-year high of $27.61. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.04.

Triple-S Management Corporation (NYSE:GTS) last issued its earnings results on Thursday, November 9th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.59. Triple-S Management Corporation had a return on equity of 3.05% and a net margin of 1.44%. The firm had revenue of $731.00 million for the quarter, compared to analysts’ expectations of $728.66 million. During the same quarter last year, the business earned ($0.26) earnings per share. The company’s revenue was down 1.0% compared to the same quarter last year. equities analysts forecast that Triple-S Management Corporation will post 1.23 EPS for the current year.

Triple-S Management Corporation declared that its Board of Directors has initiated a share buyback program on Tuesday, August 8th that authorizes the company to buyback $30.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 6.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

About Triple-S Management Corporation

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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Institutional Ownership by Quarter for Triple-S Management Corporation (NYSE:GTS)

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