Zacks Investment Research Lowers Triple-S Management (GTS) to Hold
Triple-S Management (NYSE:GTS) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “Triple-S Management Corporation is an independent licensee of the Blue Cross Blue Shield Association. It is the largest managed care company in Puerto Rico, serving approximately one million members across all regions. Triple-S offers a broad portfolio of managed care and related products in the commercial, Medicare and Reform (similar to Medicaid) markets. In addition to its managed care business, Triple-S provides life and property and casualty insurance in Puerto Rico. “
Separately, ValuEngine upgraded Triple-S Management from a “hold” rating to a “buy” rating in a research note on Monday, November 27th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $25.50.
Shares of Triple-S Management (GTS) opened at $24.38 on Wednesday. Triple-S Management has a 12 month low of $15.05 and a 12 month high of $29.43. The stock has a market capitalization of $586.08, a P/E ratio of 13.93, a PEG ratio of 1.34 and a beta of 0.40. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.78 and a current ratio of 0.78.
Triple-S Management (NYSE:GTS) last announced its quarterly earnings data on Thursday, November 9th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.59. Triple-S Management had a return on equity of 3.05% and a net margin of 1.44%. 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 prior year, the business posted ($0.26) EPS. The business’s revenue was down 1.0% compared to the same quarter last year. research analysts forecast that Triple-S Management will post 1.23 earnings per share for the current year.
In related news, insider Iraida T. Ojeda-Castro sold 1,667 shares of the stock in a transaction on Monday, November 27th. The stock was 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 approximately $232,321.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.52% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its stake in Triple-S Management by 1.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,500 shares of the company’s stock valued at $313,000 after acquiring an additional 234 shares during the period. Nordea Investment Management AB raised its stake in Triple-S Management by 0.6% in the 2nd quarter. Nordea Investment Management AB now owns 78,900 shares of the company’s stock valued at $1,334,000 after acquiring an additional 500 shares during the period. Public Employees Retirement System of Ohio raised 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 valued at $119,000 after acquiring an additional 1,204 shares during the period. Voya Investment Management LLC raised its stake in Triple-S Management by 12.8% in the 2nd quarter. Voya Investment Management LLC now owns 14,176 shares of the company’s stock valued at $240,000 after acquiring an additional 1,606 shares during the period. Finally, AHL Partners LLP raised its stake in Triple-S Management by 4.8% in the 2nd quarter. AHL Partners LLP now owns 53,073 shares of the company’s stock valued at $897,000 after acquiring an additional 2,413 shares during the period. Institutional investors and hedge funds own 84.79% of the company’s stock.
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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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