Juan J. Diaz Sells 600 Shares of Triple-S Management Corporation (GTS) Stock
Triple-S Management Corporation (NYSE:GTS) insider Juan J. Diaz sold 600 shares of Triple-S Management Corporation stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $24.00, for a total transaction of $14,400.00. Following the sale, the insider now owns 9,374 shares in the company, valued at $224,976. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Triple-S Management Corporation (NYSE GTS) traded up 1.20% on Friday, hitting $24.44. 268,372 shares of the stock were exchanged. The company has a 50 day moving average of $22.01 and a 200 day moving average of $18.31. The company has a market cap of $592.57 million, a price-to-earnings ratio of 32.54 and a beta of 0.44. Triple-S Management Corporation has a 52-week low of $15.05 and a 52-week high of $25.41.
Triple-S Management Corporation (NYSE:GTS) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.57. Triple-S Management Corporation had a net margin of 0.63% and a return on equity of 0.19%. The business had revenue of $745.90 million for the quarter, compared to analysts’ expectations of $723.25 million. During the same period last year, the business earned $0.11 earnings per share. The business’s quarterly revenue was down .9% on a year-over-year basis. Equities research analysts forecast that Triple-S Management Corporation will post $0.86 earnings per share for the current year.
Triple-S Management Corporation announced that its board has authorized a share repurchase plan on Tuesday, August 8th that authorizes the company to buyback $30.00 million in shares. This buyback authorization authorizes the company to reacquire up to 6.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.
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Several equities research analysts recently commented on GTS shares. Zacks Investment Research upgraded shares of Triple-S Management Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. ValuEngine upgraded shares of Triple-S Management Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. TheStreet upgraded shares of Triple-S Management Corporation from a “c” rating to a “b-” rating in a research report on Thursday, August 17th. BidaskClub upgraded shares of Triple-S Management Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Finally, Wells Fargo & Company upgraded shares of Triple-S Management Corporation from an “underperform” rating to a “market perform” rating and lifted their target price for the stock from $16.00 to $20.00 in a research report on Wednesday, August 9th. Three analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $23.00.
Several large investors have recently added to or reduced their stakes in GTS. Northern Trust Corp boosted its stake in shares of Triple-S Management Corporation by 25.6% during the second quarter. Northern Trust Corp now owns 1,054,116 shares of the company’s stock valued at $17,824,000 after purchasing an additional 214,812 shares during the period. Kennedy Capital Management Inc. purchased a new stake in shares of Triple-S Management Corporation during the second quarter valued at approximately $2,958,000. Renaissance Technologies LLC purchased a new stake in shares of Triple-S Management Corporation during the first quarter valued at approximately $2,397,000. Lakewood Capital Management LP boosted its stake in shares of Triple-S Management Corporation by 12.5% during the first quarter. Lakewood Capital Management LP now owns 952,458 shares of the company’s stock valued at $16,735,000 after purchasing an additional 106,049 shares during the period. Finally, Schroder Investment Management Group boosted its stake in shares of Triple-S Management Corporation by 133.7% during the first quarter. Schroder Investment Management Group now owns 163,100 shares of the company’s stock valued at $2,835,000 after purchasing an additional 93,300 shares during the period. 80.48% of the stock is owned by hedge funds and other institutional investors.
Triple-S Management Corporation 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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