Royal Bank of Canada Sells 9,570 Shares of Triple-S Management Corporation (GTS)

Royal Bank of Canada lowered its position in shares of Triple-S Management Corporation (NYSE:GTS) by 27.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 24,756 shares of the company’s stock after selling 9,570 shares during the period. Royal Bank of Canada owned 0.11% of Triple-S Management Corporation worth $419,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its position in shares of Triple-S Management Corporation by 0.6% during the second quarter. Nordea Investment Management AB now owns 78,900 shares of the company’s stock worth $1,334,000 after acquiring an additional 500 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Triple-S Management Corporation by 16.0% during the first quarter. Public Employees Retirement System of Ohio now owns 5,826 shares of the company’s stock worth $102,000 after acquiring an additional 803 shares during the last quarter. American International Group Inc. grew its position in shares of Triple-S Management Corporation by 7.1% during the first quarter. American International Group Inc. now owns 14,350 shares of the company’s stock worth $252,000 after acquiring an additional 949 shares during the last quarter. Strs Ohio grew its position in shares of Triple-S Management Corporation by 3.8% during the second quarter. Strs Ohio now owns 40,700 shares of the company’s stock worth $688,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Voya Investment Management LLC grew its position in shares of Triple-S Management Corporation by 12.8% during the second quarter. Voya Investment Management LLC now owns 14,176 shares of the company’s stock worth $240,000 after acquiring an additional 1,606 shares during the last quarter. Institutional investors and hedge funds own 80.88% of the company’s stock.

Triple-S Management Corporation (GTS) opened at $27.09 on Wednesday. The stock has a market cap of $648.74, a PE ratio of 24.13, a P/E/G ratio of 2.16 and a beta of 0.33. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.78 and a quick ratio of 0.78. Triple-S Management Corporation has a 12-month low of $15.05 and a 12-month high of $27.61.

Triple-S Management Corporation (NYSE:GTS) last announced its earnings results on Thursday, November 9th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.59. The firm had revenue of $731.00 million during the quarter, compared to analyst estimates of $728.66 million. Triple-S Management Corporation had a net margin of 1.44% and a return on equity of 3.05%. Triple-S Management Corporation’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.26) EPS. equities analysts forecast that Triple-S Management Corporation will post 1.23 earnings per share for the current fiscal year.

Triple-S Management Corporation declared that its Board of Directors has initiated a share buyback plan on Tuesday, August 8th that authorizes the company to repurchase $30.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 6.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

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Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Triple-S Management Corporation from a “hold” rating to a “strong-buy” rating and set a $31.00 price target for the company in a research report on Friday, November 10th. ValuEngine upgraded shares of Triple-S Management Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. BidaskClub upgraded shares of Triple-S Management Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. TheStreet upgraded shares of Triple-S Management Corporation from a “c” rating to a “b-” rating in a research report on Thursday, August 17th. Finally, Wells Fargo & Company upgraded shares of Triple-S Management Corporation from an “underperform” rating to a “market perform” rating and increased their target price for the company from $16.00 to $20.00 in a research report on Wednesday, August 9th. Three analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $25.50.

Triple-S Management Corporation 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.

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

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