A number of other research analysts have also recently commented on the company. Zacks Investment Research cut Triple-S Management from a buy rating to a hold rating in a research note on Saturday, August 10th. TheStreet raised Triple-S Management from a c- rating to a b rating in a research note on Friday, August 9th.
Shares of Triple-S Management stock traded down $0.13 during trading on Thursday, hitting $21.74. The stock had a trading volume of 3,108 shares, compared to its average volume of 141,729. The firm has a market cap of $537.54 million, a price-to-earnings ratio of -14.77, a P/E/G ratio of 0.93 and a beta of 0.25. The company has a current ratio of 0.62, a quick ratio of 0.62 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 $27.86. The business’s 50-day moving average is $24.54 and its 200 day moving average is $23.73.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. bought a new position in shares of Triple-S Management in the 4th quarter valued at $187,000. Bank of America Corp DE increased its stake in shares of Triple-S Management by 15.9% in the 4th quarter. Bank of America Corp DE now owns 11,468 shares of the company’s stock valued at $199,000 after purchasing an additional 1,574 shares during the last quarter. Investors Research Corp bought a new position in shares of Triple-S Management in the 1st quarter valued at $73,000. BNP Paribas Arbitrage SA increased its stake in shares of Triple-S Management by 418.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,554 shares of the company’s stock valued at $104,000 after purchasing an additional 3,676 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Triple-S Management in the 1st quarter valued at $163,000. 77.52% of the stock is currently owned by institutional investors and hedge funds.
About Triple-S Management
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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