Schwab Charles Investment Management Inc. boosted its stake in shares of Triple-S Management Corp. (NYSE:GTS) by 8.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 334,485 shares of the company’s stock after purchasing an additional 26,897 shares during the period. Schwab Charles Investment Management Inc. owned 1.37% of Triple-S Management worth $7,921,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of GTS. The Manufacturers Life Insurance Company lifted its holdings in Triple-S Management by 1.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,500 shares of the company’s stock worth $313,000 after purchasing an additional 234 shares during the last quarter. Nordea Investment Management AB increased its stake in Triple-S Management by 0.6% during the 2nd 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 period. Public Employees Retirement System of Ohio increased its stake in Triple-S Management by 20.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,030 shares of the company’s stock worth $119,000 after acquiring an additional 1,204 shares during the period. Voya Investment Management LLC increased its stake in Triple-S Management by 12.8% during the 2nd 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 period. Finally, AHL Partners LLP increased its stake in Triple-S Management by 4.8% during the 2nd quarter. AHL Partners LLP now owns 53,073 shares of the company’s stock worth $897,000 after acquiring an additional 2,413 shares during the period. 84.79% of the stock is owned by hedge funds and other institutional investors.
Triple-S Management Corp. (GTS) opened at $25.08 on Thursday. Triple-S Management Corp. has a 52 week low of $15.05 and a 52 week high of $29.43. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $593.94, a price-to-earnings ratio of 14.33, a PEG ratio of 1.32 and a beta of 0.40.
In other news, insider Iraida T. Ojeda-Castro sold 1,667 shares of Triple-S Management stock in a transaction on Monday, November 27th. The stock was sold at an average price of $27.51, for a total value of $45,859.17. Following the transaction, the insider now owns 8,445 shares in the company, valued at approximately $232,321.95. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.52% of the company’s stock.
A number of research firms have commented on GTS. ValuEngine upgraded Triple-S Management from a “hold” rating to a “buy” rating in a research note on Monday, November 27th. Zacks Investment Research upgraded Triple-S Management from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $25.50.
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Triple-S Management Company 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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