Zacks: Triple-S Management Corp. (GTS) Given Average Rating of “Hold” by Brokerages

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

Analysts have set a 12-month consensus price target 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 59 out of 265 based on the ratings given to its competitors.

Several analysts have issued reports on GTS shares. Zacks Investment Research upgraded shares of Triple-S Management from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Tuesday, October 17th. ValuEngine upgraded shares of Triple-S Management from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd.

Shares of Triple-S Management (GTS) opened at $24.11 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.04. The stock has a market cap of $577.69, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 1.29 and a beta of 0.34. Triple-S Management has a 12-month low of $15.05 and a 12-month high of $29.43.

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

Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Triple-S Management during the 3rd quarter worth about $148,000. Public Employees Retirement System of Ohio lifted 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 acquiring an additional 1,204 shares during the period. Teacher Retirement System of Texas bought a new position in shares of Triple-S Management during the 4th quarter worth about $202,000. Smith Asset Management Group LP bought a new position in shares of Triple-S Management during the 3rd quarter worth about $194,000. Finally, Nine Chapters Capital Management LLC bought a new position in shares of Triple-S Management during the 3rd quarter worth about $211,000. 84.33% of the stock is 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.

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