Zacks: Brokerages Set $28.00 Target Price for Triple-S Management Corp. (GTS)
Shares of Triple-S Management Corp. (NYSE:GTS) have received an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Analysts have set a 12-month consensus target price of $28.00 for the company and are forecasting that the company will post $0.24 EPS for the current quarter, according to Zacks. Zacks has also given Triple-S Management an industry rank of 81 out of 265 based on the ratings given to related companies.
A number of equities analysts have recently weighed in on GTS shares. ValuEngine raised shares of Triple-S Management from a “hold” rating to a “buy” rating in a research report on Monday, November 27th. Zacks Investment Research lowered shares of Triple-S Management from a “hold” rating to a “sell” rating in a research report on Friday, March 2nd.
Triple-S Management (NYSE:GTS) last announced its earnings results on Thursday, March 1st. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.67. The company had revenue of $706.80 million during the quarter, compared to analysts’ expectations of $761.29 million. Triple-S Management had a net margin of 1.87% and a return on equity of 5.10%. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 earnings per share. equities analysts expect that Triple-S Management will post 1.85 EPS for the current year.
Triple-S Management declared that its board has authorized a share repurchase plan on Thursday, March 1st that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.
Large investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Triple-S Management in the third quarter valued at approximately $148,000. Public Employees Retirement System of Ohio raised its position in shares of Triple-S Management by 20.7% in the second quarter. Public Employees Retirement System of Ohio now owns 7,030 shares of the company’s stock valued at $119,000 after buying an additional 1,204 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Triple-S Management in the fourth quarter valued at approximately $202,000. Dupont Capital Management Corp acquired a new position in shares of Triple-S Management in the third quarter valued at approximately $277,000. Finally, MetLife Investment Advisors LLC acquired a new position in shares of Triple-S Management in the fourth quarter valued at approximately $300,000. 84.75% of the stock is owned by institutional investors and hedge funds.
About Triple-S Management
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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