Analysts Set $25.00 Price Target for Triple-S Management Corp. (GTS)

Triple-S Management Corp. (NYSE:GTS) has been given a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Brokers have set a twelve-month consensus price objective of $25.00 for the company and are expecting that the company will post $0.27 EPS for the current quarter, according to Zacks. Zacks has also given Triple-S Management an industry rank of 24 out of 265 based on the ratings given to related companies.

Several brokerages have commented on GTS. Zacks Investment Research downgraded Triple-S Management from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. ValuEngine raised Triple-S Management from a “hold” rating to a “buy” rating in a report on Sunday, December 31st.

In other news, insider Iraida T. Ojeda-Castro sold 1,667 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $27.51, for a total value of $45,859.17. Following the transaction, the insider now directly owns 8,445 shares of the company’s stock, valued at approximately $232,321.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.52% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its stake in shares of Triple-S Management by 19.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 126,318 shares of the company’s stock valued at $2,136,000 after purchasing an additional 20,400 shares during the period. Parametric Portfolio Associates LLC increased its position in Triple-S Management by 7.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 69,669 shares of the company’s stock valued at $1,178,000 after buying an additional 4,802 shares in the last quarter. Chicago Equity Partners LLC bought a new stake in Triple-S Management in the 3rd quarter valued at about $1,393,000. Prudential Financial Inc. bought a new stake in Triple-S Management in the 3rd quarter valued at about $987,000. Finally, TIAA CREF Investment Management LLC increased its position in Triple-S Management by 5.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 175,373 shares of the company’s stock valued at $2,966,000 after buying an additional 8,933 shares in the last quarter. 84.79% of the stock is currently owned by institutional investors.

Shares of Triple-S Management (GTS) traded up $0.10 on Monday, reaching $24.86. The company’s stock had a trading volume of 46,000 shares, compared to its average volume of 96,444. The firm has a market cap of $594.18, a P/E ratio of 14.21, a PEG ratio of 1.32 and a beta of 0.40. Triple-S Management has a 52-week low of $15.05 and a 52-week high of $29.43. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.78 and a quick ratio of 0.78.

Triple-S Management (NYSE:GTS) last announced its earnings results on Thursday, November 9th. The company reported $0.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.59. The firm had revenue of $731.00 million for 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 business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.26) EPS. equities research analysts forecast that Triple-S Management will post 1.23 EPS for the current fiscal year.

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About Triple-S Management

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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