Triple-S Management Corp. (GTS) Position Lowered by Schroder Investment Management Group
Schroder Investment Management Group reduced its stake in Triple-S Management Corp. (NYSE:GTS) by 2.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 153,412 shares of the company’s stock after selling 4,188 shares during the quarter. Schroder Investment Management Group owned about 0.63% of Triple-S Management worth $3,524,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of GTS. Public Employees Retirement System of Ohio increased its holdings in Triple-S Management by 16.0% in the first quarter. Public Employees Retirement System of Ohio now owns 5,826 shares of the company’s stock worth $102,000 after purchasing an additional 803 shares in the last quarter. Legal & General Group Plc bought a new stake in Triple-S Management in the first quarter worth approximately $102,000. SG Americas Securities LLC bought a new stake in Triple-S Management in the third quarter worth approximately $148,000. Smith Asset Management Group LP bought a new stake in Triple-S Management in the third quarter worth approximately $194,000. Finally, Nine Chapters Capital Management LLC bought a new stake in Triple-S Management in the third quarter worth approximately $211,000. 84.79% of the stock is currently owned by institutional investors.
GTS has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Triple-S Management from a “buy” rating to a “hold” rating in a report on Friday, October 27th. ValuEngine upgraded Triple-S Management from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. TheStreet upgraded Triple-S Management from a “c” rating to a “b-” rating in a report on Thursday, August 17th. Finally, BidaskClub upgraded Triple-S Management from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $25.50.
Triple-S Management Corp. (NYSE:GTS) traded up $0.34 during midday trading on Wednesday, hitting $26.71. The stock had a trading volume of 116,500 shares, compared to its average volume of 117,962. The company has a market capitalization of $630.27, a P/E ratio of 23.97, a price-to-earnings-growth ratio of 2.14 and a beta of 0.40. Triple-S Management Corp. 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 quick ratio of 0.78 and a current ratio of 0.78.
Triple-S Management (NYSE:GTS) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.59. The firm had revenue of $731.00 million during 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 company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.26) earnings per share. equities analysts expect that Triple-S Management Corp. will post 1.23 EPS for the current 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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