Triple-S Management Corp. (NYSE:GTS) insider Iraida T. Ojeda-Castro sold 1,667 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $27.51, for a total transaction of $45,859.17. Following the completion of the transaction, the insider now owns 8,445 shares in the company, valued at $232,321.95. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Triple-S Management Corp. (NYSE:GTS) traded down $0.66 on Friday, reaching $26.26. 161,703 shares of the company traded hands, compared to its average volume of 139,688. Triple-S Management Corp. has a 1 year low of $15.05 and a 1 year high of $29.43. The stock has a market cap of $643.41, a P/E ratio of 24.47, a P/E/G ratio of 2.19 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 EPS for the quarter, beating the Zacks’ 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 the consensus estimate of $728.66 million. During the same period in the prior year, the firm posted ($0.26) EPS. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. research analysts predict that Triple-S Management Corp. will post 1.23 earnings per share for the current year.
Several brokerages recently weighed in on GTS. Zacks Investment Research raised shares of Triple-S Management from a “hold” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a research note on Friday, August 11th. ValuEngine raised shares of Triple-S Management from a “hold” rating to a “buy” rating in a research note on Monday, November 27th. BidaskClub raised shares of Triple-S Management from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. Finally, TheStreet raised shares of Triple-S Management from a “c” rating to a “b-” rating in a research note on Thursday, August 17th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $25.50.
Several large investors have recently made changes to their positions in GTS. Legal & General Group Plc purchased a new stake in shares of Triple-S Management in the 1st quarter valued at approximately $102,000. Geode Capital Management LLC increased its position in shares of Triple-S Management by 1.8% in the 1st quarter. Geode Capital Management LLC now owns 288,124 shares of the company’s stock valued at $5,062,000 after purchasing an additional 5,059 shares during the last quarter. UBS Group AG increased its position in shares of Triple-S Management by 81.1% in the 1st quarter. UBS Group AG now owns 7,677 shares of the company’s stock valued at $135,000 after purchasing an additional 3,439 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Triple-S Management in the 1st quarter valued at $2,397,000. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Triple-S Management by 8.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 239,378 shares of the company’s stock valued at $4,206,000 after buying an additional 17,964 shares during the last quarter. 84.79% of the stock is currently owned by institutional investors.
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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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