Nordea Investment Management AB grew its holdings in shares of Triple-S Management Corporation (NYSE:GTS) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,900 shares of the company’s stock after purchasing an additional 500 shares during the quarter. Nordea Investment Management AB owned about 0.34% of Triple-S Management Corporation worth $1,334,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its holdings in shares of Triple-S Management Corporation by 16.0% during the 1st quarter. Public Employees Retirement System of Ohio now owns 5,826 shares of the company’s stock valued at $102,000 after purchasing an additional 803 shares in the last quarter. Legal & General Group Plc bought a new position in shares of Triple-S Management Corporation during the 1st quarter valued at $102,000. UBS Group AG raised its holdings in shares of Triple-S Management Corporation by 81.1% during the 1st quarter. UBS Group AG now owns 7,677 shares of the company’s stock valued at $135,000 after purchasing an additional 3,439 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Triple-S Management Corporation during the 1st quarter valued at $189,000. Finally, American International Group Inc. raised its holdings in shares of Triple-S Management Corporation by 7.1% during the 1st quarter. American International Group Inc. now owns 14,350 shares of the company’s stock valued at $252,000 after purchasing an additional 949 shares in the last quarter. Institutional investors and hedge funds own 80.47% of the company’s stock.

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Triple-S Management Corporation (NYSE GTS) opened at 23.96 on Friday. The company has a 50-day moving average of $23.87 and a 200-day moving average of $18.94. Triple-S Management Corporation has a 1-year low of $15.05 and a 1-year high of $25.41. The firm has a market capitalization of $580.93 million, a price-to-earnings ratio of 31.90 and a beta of 0.43.

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

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

GTS has been the topic of a number of research analyst reports. TheStreet upgraded shares of Triple-S Management Corporation from a “c” rating to a “b-” rating in a research note on Thursday, August 17th. ValuEngine upgraded shares of Triple-S Management Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. BidaskClub upgraded shares of Triple-S Management Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. Zacks Investment Research upgraded shares of Triple-S Management Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, Wells Fargo & Company upgraded shares of Triple-S Management Corporation from an “underperform” rating to a “market perform” rating and raised their target price for the company from $16.00 to $20.00 in a research note on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Triple-S Management Corporation currently has an average rating of “Buy” and an average price target of $23.00.

In other news, insider Arturo Carrion sold 1,100 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $23.80, for a total value of $26,180.00. Following the transaction, the insider now directly owns 48,663 shares of the company’s stock, valued at $1,158,179.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.52% 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.

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

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