Chicago Equity Partners LLC grew its holdings in shares of Triple-S Management Corp. (NYSE:GTS) by 40.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 82,640 shares of the company’s stock after purchasing an additional 23,810 shares during the period. Chicago Equity Partners LLC’s holdings in Triple-S Management were worth $2,054,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its stake in Triple-S Management by 1.3% during the second quarter. The Manufacturers Life Insurance Company now owns 18,500 shares of the company’s stock worth $313,000 after buying an additional 234 shares during the period. Public Employees Retirement System of Ohio grew its stake in Triple-S Management by 20.7% during the second quarter. Public Employees Retirement System of Ohio now owns 7,030 shares of the company’s stock worth $119,000 after buying an additional 1,204 shares during the period. Voya Investment Management LLC grew its stake in Triple-S Management by 12.8% during the second quarter. Voya Investment Management LLC now owns 14,176 shares of the company’s stock worth $240,000 after buying an additional 1,606 shares during the period. AHL Partners LLP grew its stake in Triple-S Management by 4.8% during the second quarter. AHL Partners LLP now owns 53,073 shares of the company’s stock worth $897,000 after buying an additional 2,413 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its stake in Triple-S Management by 15.9% during the third quarter. State Board of Administration of Florida Retirement System now owns 23,917 shares of the company’s stock worth $566,000 after buying an additional 3,274 shares during the period. Institutional investors own 84.93% of the company’s stock.
Several equities research analysts have issued reports on the stock. ValuEngine upgraded shares of Triple-S Management from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research downgraded shares of Triple-S Management from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $25.50.
Triple-S Management Corp. (NYSE GTS) opened at $23.57 on Tuesday. The firm has a market cap of $570.78, a price-to-earnings ratio of 13.47, a PEG ratio of 1.27 and a beta of 0.34. 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 Corp. has a 52 week low of $15.05 and a 52 week high of $29.43.
Triple-S Management (NYSE:GTS) last announced its earnings results on Thursday, November 9th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate 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 net margin of 1.44% and a return on equity of 3.05%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.26) earnings per share. analysts anticipate that Triple-S Management Corp. will post 1.23 EPS for the current fiscal year.
In other news, insider Iraida T. Ojeda-Castro sold 1,667 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $27.51, for a total value of $45,859.17. Following the completion of the transaction, the insider now directly owns 8,445 shares in the company, valued at $232,321.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.52% of the stock is currently owned by corporate insiders.
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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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