Triple-S Management Corporation (NYSE:GTS) insider Juan J. Diaz sold 600 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $24.00, for a total value of $14,400.00. Following the sale, the insider now owns 9,374 shares in the company, valued at $224,976. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Triple-S Management Corporation (NYSE GTS) traded down 1.19% during midday trading on Thursday, hitting $24.15. The stock had a trading volume of 143,105 shares. The stock’s 50 day moving average price is $21.25 and its 200 day moving average price is $18.18. The firm has a market cap of $585.54 million, a price-to-earnings ratio of 32.16 and a beta of 0.44. Triple-S Management Corporation has a 12 month low of $15.05 and a 12 month high of $25.41.

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

Triple-S Management Corporation declared that its board has approved a stock repurchase program on Tuesday, August 8th that authorizes the company to repurchase $30.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 6.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Northern Trust Corp raised its stake in shares of Triple-S Management Corporation by 25.6% in the second quarter. Northern Trust Corp now owns 1,054,116 shares of the company’s stock worth $17,824,000 after buying an additional 214,812 shares during the period. Vanguard Group Inc. raised its stake in shares of Triple-S Management Corporation by 3.0% in the second quarter. Vanguard Group Inc. now owns 1,026,213 shares of the company’s stock worth $17,353,000 after buying an additional 29,547 shares during the period. Lakewood Capital Management LP raised its stake in shares of Triple-S Management Corporation by 12.5% in the first quarter. Lakewood Capital Management LP now owns 952,458 shares of the company’s stock worth $16,735,000 after buying an additional 106,049 shares during the period. State Street Corp raised 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 worth $9,665,000 after buying an additional 42,575 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Triple-S Management Corporation by 28.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 307,588 shares of the company’s stock worth $5,202,000 after buying an additional 68,210 shares during the period. 80.48% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently weighed in on GTS. Zacks Investment Research upgraded Triple-S Management Corporation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub upgraded Triple-S Management Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 10th. Wells Fargo & Company upgraded Triple-S Management Corporation from an “underperform” rating to a “market perform” rating and upped their price target for the company from $16.00 to $20.00 in a research report on Wednesday, August 9th. ValuEngine upgraded Triple-S Management Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Finally, TheStreet upgraded Triple-S Management Corporation from a “c” rating to a “b-” rating in a research report on Thursday, August 17th. Three equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Triple-S Management Corporation has an average rating of “Buy” and an average target price of $23.00.

About Triple-S Management Corporation

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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