Triple-S Management (NYSE:GTS) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued 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 report on Sunday, December 31st. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $25.50.
Shares of Triple-S Management (NYSE:GTS) opened at $24.76 on Wednesday. The company has a market capitalization of $586.08, a PE ratio of 14.15, a P/E/G ratio of 1.34 and a beta of 0.40. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.04. Triple-S Management has a fifty-two week low of $15.05 and a fifty-two week high of $29.43.
Triple-S Management (NYSE:GTS) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.59. The business had revenue of $731.00 million during the quarter, compared to the consensus estimate of $728.66 million. Triple-S Management had a return on equity of 3.05% and a net margin of 1.44%. The firm’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.26) earnings per share. equities analysts expect that Triple-S Management will post 1.23 EPS for the current fiscal year.
In other Triple-S Management news, insider Iraida T. Ojeda-Castro sold 1,667 shares of the stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $27.51, for a total value of $45,859.17. Following the completion of the sale, the insider now directly owns 8,445 shares in the company, valued at $232,321.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.52% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its holdings in shares of Triple-S Management by 1.3% in the second quarter. The Manufacturers Life Insurance Company now owns 18,500 shares of the company’s stock worth $313,000 after acquiring an additional 234 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Triple-S Management by 0.6% in the second quarter. Nordea Investment Management AB now owns 78,900 shares of the company’s stock worth $1,334,000 after acquiring an additional 500 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Triple-S Management by 20.7% in the second quarter. Public Employees Retirement System of Ohio now owns 7,030 shares of the company’s stock worth $119,000 after acquiring an additional 1,204 shares in the last quarter. Voya Investment Management LLC increased its holdings in shares of Triple-S Management by 12.8% in the second quarter. Voya Investment Management LLC now owns 14,176 shares of the company’s stock worth $240,000 after acquiring an additional 1,606 shares in the last quarter. Finally, AHL Partners LLP increased its holdings in shares of Triple-S Management by 4.8% in the second quarter. AHL Partners LLP now owns 53,073 shares of the company’s stock worth $897,000 after acquiring an additional 2,413 shares in the last quarter. Institutional investors own 84.79% of the company’s stock.
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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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