Triple-S Management (NYSE:GTS) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Triple-S Management (NYSE:GTS) from a buy rating to a strong-buy rating in a report issued on Friday, March 2nd.

Separately, Zacks Investment Research downgraded Triple-S Management from a hold rating to a sell rating in a research note on Friday, March 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $25.50.

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Triple-S Management (NYSE GTS) traded down $0.19 during mid-day trading on Friday, reaching $25.87. The company had a trading volume of 80,339 shares, compared to its average volume of 127,328. The firm has a market capitalization of $605.31, a P/E ratio of 11.35, a PEG ratio of 1.40 and a beta of 0.28. Triple-S Management has a fifty-two week low of $15.05 and a fifty-two week high of $29.43. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.71 and a current ratio of 0.71.

Triple-S Management (NYSE:GTS) last posted its quarterly earnings results on Thursday, March 1st. The company reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.67. The business had revenue of $706.80 million during the quarter, compared to the consensus estimate of $761.29 million. Triple-S Management had a return on equity of 5.10% and a net margin of 1.87%. Triple-S Management’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 earnings per share. analysts anticipate that Triple-S Management will post 1.85 EPS for the current fiscal year.

Triple-S Management declared that its Board of Directors has approved a stock buyback program on Thursday, March 1st that allows the company to buyback $25.00 million in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Several large investors have recently added to or reduced their stakes in the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its holdings in shares of Triple-S Management by 137.3% during the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 92,800 shares of the company’s stock worth $2,306,000 after purchasing an additional 53,700 shares during the last quarter. Sterling Capital Management LLC bought a new stake in shares of Triple-S Management during the fourth quarter worth about $841,000. MetLife Investment Advisors LLC bought a new stake in shares of Triple-S Management during the fourth quarter worth about $300,000. Macquarie Group Ltd. grew its holdings in shares of Triple-S Management by 32.5% during the fourth quarter. Macquarie Group Ltd. now owns 18,357 shares of the company’s stock worth $456,000 after purchasing an additional 4,500 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Triple-S Management by 50.0% during the fourth quarter. Millennium Management LLC now owns 410,540 shares of the company’s stock worth $10,202,000 after purchasing an additional 136,821 shares during the last quarter. Institutional investors own 84.71% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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