Triple-S Management Co. (NYSE:GTS) has received an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Brokers have set a 1-year consensus price objective of $28.00 for the company and are forecasting that the company will post $0.35 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Triple-S Management an industry rank of 74 out of 265 based on the ratings given to its competitors.
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A number of analysts have weighed in on the company. Zacks Investment Research upgraded Triple-S Management from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Tuesday. ValuEngine upgraded Triple-S Management from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 2nd.
Several institutional investors and hedge funds have recently bought and sold shares of GTS. Teacher Retirement System of Texas bought a new position in shares of Triple-S Management during the 4th quarter worth $202,000. Cambria Investment Management L.P. bought a new position in shares of Triple-S Management during the 1st quarter worth $265,000. MetLife Investment Advisors LLC bought a new position in shares of Triple-S Management during the 4th quarter worth $300,000. AXA bought a new position in shares of Triple-S Management during the 4th quarter worth $301,000. Finally, Alambic Investment Management L.P. bought a new position in shares of Triple-S Management during the 4th quarter worth $321,000. 86.69% of the stock is currently owned by institutional investors and hedge funds.
GTS stock opened at $35.94 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.64 and a current ratio of 0.64. Triple-S Management has a twelve month low of $33.85 and a twelve month high of $34.74. The firm has a market capitalization of $773.83 million, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 1.75 and a beta of 0.24.
Triple-S Management (NYSE:GTS) last released its earnings results on Tuesday, May 8th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.36. Triple-S Management had a return on equity of 7.17% and a net margin of 2.13%. The business had revenue of $758.11 million for the quarter, compared to analyst estimates of $734.05 million. During the same quarter last year, the firm posted ($0.18) earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. sell-side analysts predict that Triple-S Management will post 1.9 earnings per share for the current fiscal year.
Triple-S Management declared that its board has initiated a share repurchase program on Thursday, March 1st that permits the company to buyback $25.00 million in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.
Triple-S Management Company Profile
Triple-S Management Corporation, through its subsidiaries, provides a portfolio of managed care and related products in the commercial, Medicare, and Medicaid markets in Puerto Rico, the United States. The company operates through three segments: Managed Care, Life Insurance, and Property and Casualty Insurance.
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