Triple-S Management (GTS) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of Triple-S Management (NYSE:GTS) from a hold rating to a buy rating in a research note published on Monday.

A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Triple-S Management from a buy rating to a hold rating in a research note on Thursday, October 19th. BidaskClub upgraded shares of Triple-S Management from a sell rating to a hold rating in a research report on Thursday, August 24th. TheStreet upgraded shares of Triple-S Management from a c rating to a b- rating in a research report on Thursday, August 17th. Finally, Wells Fargo & Company upgraded shares of Triple-S Management from an underperform rating to a market perform rating and increased their target price for the stock from $16.00 to $20.00 in a research report on Wednesday, August 9th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $25.50.

Triple-S Management (GTS) opened at $28.42 on Monday. The company has a market capitalization of $681.45, a PE ratio of 25.37, a price-to-earnings-growth ratio of 2.27 and a beta of 0.33. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.04. Triple-S Management has a 12 month low of $15.05 and a 12 month high of $29.23.

Triple-S Management (NYSE:GTS) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.59. The firm had revenue of $731.00 million during the quarter, compared to the consensus estimate of $728.66 million. Triple-S Management had a return on equity of 3.05% and a net margin of 1.44%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.26) EPS. equities analysts expect that Triple-S Management will post 1.23 earnings per share for the current year.

Triple-S Management announced that its board has authorized a stock repurchase plan on Tuesday, August 8th that authorizes the company to repurchase $30.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 6.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

In other Triple-S Management news, insider Iraida T. Ojeda-Castro sold 1,667 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $27.51, for a total value of $45,859.17. Following the completion of the sale, the insider now owns 8,445 shares in the company, valued at approximately $232,321.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.52% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP bought a new position in shares of Triple-S Management in the 3rd quarter valued at about $1,363,000. Cubist Systematic Strategies LLC bought a new position in Triple-S Management in the third quarter valued at approximately $479,000. Cornerstone Capital Management Holdings LLC. lifted its stake in Triple-S Management by 158.4% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 62,310 shares of the company’s stock valued at $1,474,000 after buying an additional 38,200 shares in the last quarter. Allianz Asset Management GmbH bought a new position in Triple-S Management in the third quarter valued at approximately $586,000. Finally, OxFORD Asset Management LLP increased its holdings in Triple-S Management by 98.1% during the third quarter. OxFORD Asset Management LLP now owns 121,000 shares of the company’s stock worth $2,779,000 after buying an additional 59,918 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors.

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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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