Zacks: Triple-S Management Corp. (NYSE:GTS) Given $27.00 Average Price Target by Analysts
Triple-S Management Corp. (NYSE:GTS) has received a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Brokerages have set a 12 month consensus price objective of $27.00 for the company and are expecting that the company will post $0.44 EPS for the current quarter, according to Zacks. Zacks has also assigned Triple-S Management an industry rank of 18 out of 256 based on the ratings given to its competitors.
Several brokerages have weighed in on GTS. Zacks Investment Research upgraded Triple-S Management from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Saturday, March 2nd. ValuEngine downgraded Triple-S Management from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th. Finally, TheStreet upgraded Triple-S Management from a “d+” rating to a “c-” rating in a report on Friday, March 1st.
Triple-S Management (NYSE:GTS) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.51. Triple-S Management had a positive return on equity of 1.88% and a negative net margin of 1.06%. The firm had revenue of $787.59 million during the quarter, compared to the consensus estimate of $769.21 million. During the same period in the previous year, the firm posted $0.60 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, analysts forecast that Triple-S Management will post 2.25 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in GTS. Bank of New York Mellon Corp raised its stake in Triple-S Management by 2.0% during the third quarter. Bank of New York Mellon Corp now owns 153,771 shares of the company’s stock worth $2,905,000 after acquiring an additional 2,981 shares during the period. Morgan Stanley raised its stake in Triple-S Management by 118.9% during the third quarter. Morgan Stanley now owns 327,741 shares of the company’s stock worth $6,190,000 after acquiring an additional 178,025 shares during the period. Rhumbline Advisers raised its stake in Triple-S Management by 41.9% during the fourth quarter. Rhumbline Advisers now owns 31,937 shares of the company’s stock worth $555,000 after acquiring an additional 9,425 shares during the period. ClariVest Asset Management LLC raised its stake in Triple-S Management by 9.9% during the fourth quarter. ClariVest Asset Management LLC now owns 246,665 shares of the company’s stock worth $4,289,000 after acquiring an additional 22,237 shares during the period. Finally, Prudential Financial Inc. acquired a new stake in Triple-S Management during the fourth quarter worth about $375,000. 82.57% of the stock is owned by institutional investors.
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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