Triple-S Management Corporation (GTS) Shares Bought by Public Employees Retirement System of Ohio
Public Employees Retirement System of Ohio increased its stake in shares of Triple-S Management Corporation (NYSE:GTS) by 20.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,030 shares of the company’s stock after buying an additional 1,204 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Triple-S Management Corporation were worth $119,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in GTS. Northern Trust Corp grew its holdings 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 buying an additional 214,812 shares during the last quarter. Kennedy Capital Management Inc. purchased a new stake in Triple-S Management Corporation in the second quarter valued at $2,958,000. Renaissance Technologies LLC purchased a new stake in Triple-S Management Corporation in the first quarter valued at $2,397,000. Schwab Charles Investment Management Inc. boosted its holdings in Triple-S Management Corporation by 28.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 307,588 shares of the company’s stock valued at $5,202,000 after purchasing an additional 68,210 shares during the last quarter. Finally, State Street Corp boosted its holdings in Triple-S Management Corporation by 8.0% in the second quarter. State Street Corp now owns 571,596 shares of the company’s stock valued at $9,665,000 after purchasing an additional 42,575 shares during the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Triple-S Management Corporation (NYSE:GTS) opened at $27.18 on Monday. Triple-S Management Corporation has a 1-year low of $15.05 and a 1-year high of $27.71. 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 $649.63, a price-to-earnings ratio of 24.71, a price-to-earnings-growth ratio of 2.21 and a beta of 0.33.
Triple-S Management Corporation (NYSE:GTS) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.18 by $0.59. The company had revenue of $731.00 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the company earned ($0.26) earnings per share. equities research analysts anticipate that Triple-S Management Corporation will post 1.23 EPS for the current year.
Triple-S Management Corporation declared that its Board of Directors has authorized a share repurchase program on Tuesday, August 8th that permits the company to repurchase $30.00 million in shares. This repurchase authorization permits the company to buy up to 6.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
Several equities research analysts have commented on the stock. Wells Fargo & Company raised shares of Triple-S Management Corporation from an “underperform” rating to a “market perform” rating and upped their price target for the company from $16.00 to $20.00 in a report on Wednesday, August 9th. Zacks Investment Research raised shares of Triple-S Management Corporation from a “hold” rating to a “strong-buy” rating and set a $26.00 price target on the stock in a report on Friday, August 11th. BidaskClub raised shares of Triple-S Management Corporation from a “strong sell” rating to a “sell” rating in a report on Thursday, August 10th. TheStreet raised shares of Triple-S Management Corporation from a “c” rating to a “b-” rating in a report on Thursday, August 17th. Finally, ValuEngine raised shares of Triple-S Management Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Three investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $25.50.
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.
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