Triple-S Management Corporation (NYSE:GTS) insider Arturo Carrion sold 1,100 shares of Triple-S Management Corporation stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $23.80, for a total transaction of $26,180.00. Following the completion of the transaction, the insider now directly owns 48,663 shares in the company, valued at $1,158,179.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Triple-S Management Corporation (NYSE:GTS) traded down 0.46% on Wednesday, hitting $23.64. 170,926 shares of the stock traded hands. Triple-S Management Corporation has a 12-month low of $15.05 and a 12-month high of $24.10. The stock has a market capitalization of $573.18 million, a P/E ratio of 31.48 and a beta of 0.58. The company’s 50 day moving average price is $17.22 and its 200-day moving average price is $17.54.

Triple-S Management Corporation (NYSE:GTS) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.57. The business had revenue of $745.90 million for the quarter, compared to the consensus estimate of $723.25 million. Triple-S Management Corporation had a net margin of 0.63% and a return on equity of 0.19%. Triple-S Management Corporation’s revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the company posted $0.11 EPS. Analysts predict that Triple-S Management Corporation will post $0.86 EPS for the current year.

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

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GTS has been the topic of several analyst reports. Zacks Investment Research raised shares of Triple-S Management Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Wells Fargo & Company raised shares of Triple-S Management Corporation from an “underperform” rating to a “market perform” rating and lifted their target price for the stock from $16.00 to $20.00 in a research report on Wednesday, August 9th. Finally, BidaskClub raised shares of Triple-S Management Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 10th.

Several hedge funds have recently made changes to their positions in GTS. Public Employees Retirement System of Ohio increased its stake in shares of Triple-S Management Corporation by 20.7% in the second quarter. Public Employees Retirement System of Ohio now owns 7,030 shares of the company’s stock worth $119,000 after buying an additional 1,204 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Triple-S Management Corporation by 1.3% in the second quarter. The Manufacturers Life Insurance Company now owns 18,500 shares of the company’s stock valued at $313,000 after buying an additional 234 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of Triple-S Management Corporation during the second quarter valued at approximately $187,000. State Street Corp increased its stake in shares of 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 buying an additional 42,575 shares during the period. Finally, AHL Partners LLP increased its stake in shares of Triple-S Management Corporation by 4.8% in the second quarter. AHL Partners LLP now owns 53,073 shares of the company’s stock valued at $897,000 after buying an additional 2,413 shares during the period. Institutional investors and hedge funds own 80.91% of the company’s stock.

Triple-S Management Corporation 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.

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