Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Sells 33,300 Shares of Triple-S Management Corp. (GTS)

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp cut its position in shares of Triple-S Management Corp. (NYSE:GTS) by 22.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,800 shares of the company’s stock after selling 33,300 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Triple-S Management were worth $2,014,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC raised its stake in shares of Triple-S Management by 3.4% in the 4th quarter. Barclays PLC now owns 23,542 shares of the company’s stock valued at $409,000 after acquiring an additional 775 shares in the last quarter. Citigroup Inc. raised its stake in shares of Triple-S Management by 15.2% in the 4th quarter. Citigroup Inc. now owns 9,359 shares of the company’s stock valued at $163,000 after acquiring an additional 1,232 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Triple-S Management by 15.9% in the 4th quarter. Bank of America Corp DE now owns 11,468 shares of the company’s stock valued at $199,000 after acquiring an additional 1,574 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Triple-S Management by 3.7% in the 3rd quarter. Teachers Advisors LLC now owns 62,445 shares of the company’s stock valued at $1,180,000 after acquiring an additional 2,246 shares in the last quarter. Finally, Martingale Asset Management L P raised its stake in shares of Triple-S Management by 3.6% in the 3rd quarter. Martingale Asset Management L P now owns 79,630 shares of the company’s stock valued at $1,505,000 after acquiring an additional 2,789 shares in the last quarter. 83.97% of the stock is owned by institutional investors.

Shares of GTS stock opened at $24.42 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.04. Triple-S Management Corp. has a twelve month low of $15.45 and a twelve month high of $44.01. The company has a market capitalization of $569.18 million, a P/E ratio of 47.88, a P/E/G ratio of 1.25 and a beta of 0.49.

Triple-S Management (NYSE:GTS) last issued its quarterly earnings results on Thursday, February 28th. The company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.31. Triple-S Management had a positive return on equity of 1.44% and a negative net margin of 2.11%. On average, research analysts forecast that Triple-S Management Corp. will post 1.95 EPS for the current year.

A number of research analysts recently weighed in on the company. Zacks Investment Research raised Triple-S Management from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Thursday. TheStreet raised Triple-S Management from a “d+” rating to a “c-” rating in a research note on Friday, March 1st. Finally, ValuEngine raised Triple-S Management from a “hold” rating to a “buy” rating in a research note on Thursday, February 28th.

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Triple-S Management Profile

Triple-S Management Corporation, through its subsidiaries, provides a portfolio of managed care and related products in the commercial, Medicare, and Medicaid markets in Puerto Rico, the United States. The company operates through three segments: Managed Care, Life Insurance, and Property and Casualty Insurance.

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

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