11,694 Shares in Triple-S Management Corporation (GTS) Acquired by Dupont Capital Management Corp

Dupont Capital Management Corp bought a new position in shares of Triple-S Management Corporation (NYSE:GTS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,694 shares of the company’s stock, valued at approximately $277,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its stake in shares of Triple-S Management Corporation by 16.0% during the first quarter. Public Employees Retirement System of Ohio now owns 5,826 shares of the company’s stock worth $102,000 after buying an additional 803 shares during the period. Legal & General Group Plc acquired a new stake in shares of Triple-S Management Corporation during the first quarter worth about $102,000. UBS Group AG boosted its stake in shares of Triple-S Management Corporation by 81.1% during the first quarter. UBS Group AG now owns 7,677 shares of the company’s stock worth $135,000 after buying an additional 3,439 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Triple-S Management Corporation during the second quarter worth about $187,000. Finally, Nine Chapters Capital Management LLC acquired a new stake in shares of Triple-S Management Corporation during the third quarter worth about $211,000. Institutional investors and hedge funds own 80.88% of the company’s stock.

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Several equities research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Triple-S Management Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Zacks Investment Research downgraded shares of Triple-S Management Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. BidaskClub upgraded shares of Triple-S Management Corporation from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 10th. TheStreet upgraded shares of Triple-S Management Corporation from a “c” rating to a “b-” rating in a research note on Thursday, August 17th. Finally, Wells Fargo & Company upgraded shares of Triple-S Management Corporation from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $16.00 to $20.00 in a research note on Wednesday, August 9th. Three research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $25.50.

Shares of Triple-S Management Corporation (NYSE:GTS) opened at $26.54 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market cap of $647.28, a PE ratio of 24.07, a P/E/G ratio of 2.15 and a beta of 0.33. Triple-S Management Corporation has a 12-month low of $15.05 and a 12-month high of $27.61.

Triple-S Management Corporation (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. The firm had revenue of $731.00 million during the quarter, compared to the consensus estimate of $728.66 million. Triple-S Management Corporation had a net margin of 1.44% and a return on equity of 3.05%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.26) earnings per share. equities analysts forecast that Triple-S Management Corporation will post 1.23 EPS for the current year.

Triple-S Management Corporation announced that its Board of Directors has approved a share buyback plan on Tuesday, August 8th that permits the company to repurchase $30.00 million in shares. This repurchase authorization permits the company to reacquire up to 6.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

About Triple-S Management Corporation

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.

Institutional Ownership by Quarter for Triple-S Management Corporation (NYSE:GTS)

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