Zacks: Triple-S Management Corp. (NYSE:GTS) Given $27.00 Average Price Target by Analysts

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

Brokers have set a 1-year consensus target price of $27.00 for the company and are forecasting that the company will post $0.44 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Triple-S Management an industry rank of 18 out of 256 based on the ratings given to its competitors.

A number of brokerages have issued reports on GTS. Zacks Investment Research downgraded Triple-S Management from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th. ValuEngine upgraded Triple-S Management from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Finally, TheStreet upgraded Triple-S Management from a “d+” rating to a “c-” rating in a research report on Friday, March 1st.

Shares of GTS stock opened at $23.85 on Friday. The stock has a market capitalization of $519.65 million, a P/E ratio of -15.49, a P/E/G ratio of 1.00 and a beta of 0.31. The business’s 50 day simple moving average is $24.67. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.03. Triple-S Management has a 12-month low of $15.45 and a 12-month high of $40.44.

Triple-S Management (NYSE:GTS) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.51. The company had revenue of $787.59 million for the quarter, compared to the consensus estimate of $769.21 million. Triple-S Management had a positive return on equity of 1.88% and a negative net margin of 1.06%. Triple-S Management’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.60 earnings per share. Equities research analysts anticipate that Triple-S Management will post 2.25 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC lifted its position in shares of Triple-S Management by 3.4% in the fourth quarter. Barclays PLC now owns 23,542 shares of the company’s stock valued at $409,000 after acquiring an additional 775 shares in the last quarter. Citigroup Inc. lifted its position in shares of Triple-S Management by 15.2% in the fourth quarter. Citigroup Inc. now owns 9,359 shares of the company’s stock valued at $163,000 after acquiring an additional 1,232 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Triple-S Management by 15.9% in the fourth quarter. Bank of America Corp DE now owns 11,468 shares of the company’s stock valued at $199,000 after acquiring an additional 1,574 shares in the last quarter. Investors Research Corp purchased a new position in shares of Triple-S Management in the first quarter valued at approximately $73,000. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Triple-S Management by 418.7% in the first quarter. BNP Paribas Arbitrage SA now owns 4,554 shares of the company’s stock valued at $104,000 after acquiring an additional 3,676 shares in the last quarter. Institutional investors and hedge funds 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.

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