Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Triple-S Management from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Saturday, March 2nd. TheStreet upgraded shares of Triple-S Management from a “d+” rating to a “c-” rating in a research note on Friday, March 1st.
Shares of NYSE GTS traded up $0.35 during midday trading on Wednesday, reaching $24.50. 112,232 shares of the stock were exchanged, compared to its average volume of 116,218. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $578.57 million, a P/E ratio of -15.91, a P/E/G ratio of 1.11 and a beta of 0.44. Triple-S Management has a twelve month low of $15.45 and a twelve month high of $44.01.
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Triple-S Management by 6.5% during the 4th quarter. BlackRock Inc. now owns 1,851,247 shares of the company’s stock worth $32,193,000 after acquiring an additional 112,411 shares in the last quarter. Pzena Investment Management LLC increased its stake in Triple-S Management by 0.6% in the fourth quarter. Pzena Investment Management LLC now owns 1,357,866 shares of the company’s stock valued at $23,613,000 after purchasing an additional 7,853 shares during the period. Northern Trust Corp increased its stake in Triple-S Management by 0.3% in the first quarter. Northern Trust Corp now owns 1,056,979 shares of the company’s stock valued at $24,121,000 after purchasing an additional 2,956 shares during the period. JPMorgan Chase & Co. increased its stake in Triple-S Management by 70.6% in the third quarter. JPMorgan Chase & Co. now owns 979,969 shares of the company’s stock valued at $18,512,000 after purchasing an additional 405,659 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Triple-S Management by 8.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 500,545 shares of the company’s stock valued at $11,423,000 after purchasing an additional 41,037 shares during the period. Hedge funds and other institutional investors own 82.57% of the company’s stock.
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 Advantage, and Medicaid markets. It operates through three segments: Managed Care, Life Insurance, and Property and Casualty Insurance. The company offers various managed care products, including health maintenance organization plans; preferred provider organization plans; BlueCard program; Medicare Supplement products; Medicare Advantage products; Medicaid plans; and claims processing and other administrative services to employers, professional and trade associations, individuals, and government entities.
See Also: Bid-Ask Spread
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Triple-S Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triple-S Management and related companies with MarketBeat.com's FREE daily email newsletter.