Triple-S Management (GTS) Upgraded at ValuEngine
ValuEngine upgraded shares of Triple-S Management (NYSE:GTS) from a hold rating to a buy rating in a research report sent to investors on Monday morning.
Several other equities research analysts have also recently weighed in on GTS. Wells Fargo & Company upgraded shares of Triple-S Management from an underperform rating to a market perform rating and boosted their price target for the stock from $16.00 to $20.00 in a research report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Triple-S Management from a hold rating to a strong-buy rating and set a $26.00 price target on the stock in a research report on Friday, August 11th. BidaskClub upgraded shares of Triple-S Management from a strong sell rating to a sell rating in a research report on Thursday, August 10th. Finally, TheStreet upgraded shares of Triple-S Management from a c rating to a b- rating in a research report on Thursday, August 17th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and an average target price of $25.50.
Triple-S Management (NYSE:GTS) opened at $28.50 on Monday. Triple-S Management has a 1-year low of $15.05 and a 1-year high of $29.23. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market cap of $667.08, a price-to-earnings ratio of 25.37, a PEG ratio of 2.27 and a beta of 0.33.
Triple-S Management (NYSE:GTS) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.59. Triple-S Management had a net margin of 1.44% and a return on equity of 3.05%. The company had revenue of $731.00 million for the quarter, compared to analysts’ expectations of $728.66 million. During the same quarter in the previous year, the business posted ($0.26) earnings per share. Triple-S Management’s quarterly revenue was down 1.0% on a year-over-year basis. research analysts expect that Triple-S Management will post 1.23 EPS for the current fiscal year.
Triple-S Management announced that its Board of Directors has authorized a stock repurchase program on Tuesday, August 8th that allows the company to repurchase $30.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 6.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
In related news, insider Iraida T. Ojeda-Castro sold 1,667 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $27.51, for a total value of $45,859.17. Following the sale, the insider now owns 8,445 shares in the company, valued at $232,321.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.52% of the company’s stock.
A number of hedge funds have recently bought and sold shares of GTS. Legal & General Group Plc bought a new position in Triple-S Management during the first quarter valued at $102,000. Public Employees Retirement System of Ohio increased its position in Triple-S Management 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 acquiring an additional 803 shares during the last quarter. UBS Group AG increased its position in Triple-S Management 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 acquiring an additional 3,439 shares during the last quarter. SG Americas Securities LLC bought a new position in Triple-S Management during the third quarter valued at $148,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in Triple-S Management during the second quarter valued at $187,000. Institutional investors and hedge funds own 84.70% of the company’s stock.
Triple-S Management Company 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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