Shares of Triple-S Management Corp. (NYSE:GTS) have received an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Brokerages have set a twelve-month consensus price objective of $28.00 for the company and are anticipating that the company will post $0.24 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Triple-S Management an industry rank of 57 out of 265 based on the ratings given to related companies.

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A number of brokerages recently weighed in on GTS. ValuEngine raised shares of Triple-S Management from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 2nd. Zacks Investment Research lowered shares of Triple-S Management from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its stake in Triple-S Management by 20.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,030 shares of the company’s stock worth $119,000 after purchasing an additional 1,204 shares during the period. SG Americas Securities LLC acquired a new position in shares of Triple-S Management during the 3rd quarter worth about $148,000. Teacher Retirement System of Texas acquired a new position in shares of Triple-S Management during the 4th quarter worth about $202,000. MetLife Investment Advisors LLC acquired a new position in shares of Triple-S Management during the 4th quarter worth about $300,000. Finally, AXA acquired a new position in shares of Triple-S Management during the 4th quarter worth about $301,000. 84.71% of the stock is owned by hedge funds and other institutional investors.

Shares of Triple-S Management stock opened at $26.69 on Monday. The company has a market cap of $630.51, a price-to-earnings ratio of 13.88, a P/E/G ratio of 1.43 and a beta of 0.28. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.71 and a quick ratio of 0.71. Triple-S Management has a 1 year low of $15.05 and a 1 year high of $29.43.

Triple-S Management (NYSE:GTS) last announced its earnings results on Thursday, March 1st. The company reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.67. The firm had revenue of $706.80 million during the quarter, compared to analyst estimates of $761.29 million. Triple-S Management had a net margin of 1.87% and a return on equity of 5.10%. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 EPS. research analysts expect that Triple-S Management will post 1.85 earnings per share for the current year.

Triple-S Management declared that its Board of Directors has authorized a share buyback program on Thursday, March 1st that authorizes the company to repurchase $25.00 million in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

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About Triple-S Management

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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