6,247 Shares in Triple-S Management Corp. (GTS) Purchased by SG Americas Securities LLC

SG Americas Securities LLC bought a new stake in Triple-S Management Corp. (NYSE:GTS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,247 shares of the company’s stock, valued at approximately $148,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its holdings in shares of Triple-S Management by 20.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,030 shares of the company’s stock worth $119,000 after purchasing an additional 1,204 shares in the last quarter. Smith Asset Management Group LP acquired a new stake in shares of Triple-S Management during the 3rd quarter worth approximately $194,000. Nine Chapters Capital Management LLC acquired a new stake in shares of Triple-S Management during the 3rd quarter worth approximately $211,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Triple-S Management during the 2nd quarter worth approximately $187,000. Finally, Dupont Capital Management Corp acquired a new stake in shares of Triple-S Management during the 3rd quarter worth approximately $277,000. 84.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Triple-S Management Corp. (NYSE GTS) opened at $25.76 on Thursday. 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 capitalization of $633.14, a price-to-earnings ratio of 14.72, a P/E/G ratio of 2.15 and a beta of 0.40. Triple-S Management Corp. has a one year low of $15.05 and a one year high of $29.43.

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

Several analysts have recently weighed in on GTS shares. Zacks Investment Research lowered Triple-S Management from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. ValuEngine raised Triple-S Management from a “hold” rating to a “buy” rating in a report on Monday, November 27th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Triple-S Management currently has a consensus rating of “Buy” and a consensus price target of $25.50.

In related news, insider Iraida T. Ojeda-Castro sold 1,667 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $27.51, for a total value of $45,859.17. Following the sale, the insider now owns 8,445 shares of the company’s stock, valued at approximately $232,321.95. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.52% of the stock is owned by insiders.

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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.

Institutional Ownership by Quarter for Triple-S Management (NYSE:GTS)

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