Headlines about Triple-S Management Corporation (NYSE:GTS) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Triple-S Management Corporation earned a news impact score of 0.14 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.9560861565816 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several analysts have recently issued reports on the stock. Wells Fargo & Company upgraded shares of Triple-S Management Corporation from an “underperform” rating to a “market perform” rating and upped their target price for the stock from $16.00 to $20.00 in a research note on Wednesday, August 9th. Zacks Investment Research upgraded shares of Triple-S Management Corporation from a “hold” rating to a “strong-buy” rating and set a $26.00 target price for the company in a research note on Friday, August 11th. BidaskClub upgraded shares of Triple-S Management Corporation from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 10th. TheStreet upgraded shares of Triple-S Management Corporation from a “c” rating to a “b-” rating in a research note on Thursday, August 17th. Finally, ValuEngine upgraded shares of Triple-S Management Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Three equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. Triple-S Management Corporation currently has an average rating of “Buy” and a consensus price target of $23.00.
Shares of Triple-S Management Corporation (NYSE:GTS) traded down 0.33% during trading on Tuesday, hitting $24.00. 16,056 shares of the company were exchanged. Triple-S Management Corporation has a 1-year low of $15.05 and a 1-year high of $25.41. The company has a 50 day moving average of $20.92 and a 200-day moving average of $18.11. The stock has a market capitalization of $581.90 million, a PE ratio of 31.96 and a beta of 0.44.
Triple-S Management Corporation (NYSE:GTS) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.57. Triple-S Management Corporation had a return on equity of 0.19% and a net margin of 0.63%. The company had revenue of $745.90 million during the quarter, compared to the consensus estimate of $723.25 million. During the same period last year, the company earned $0.11 EPS. Triple-S Management Corporation’s revenue for the quarter was down .9% on a year-over-year basis. On average, analysts forecast that Triple-S Management Corporation will post $0.86 earnings per share for the current year.
Triple-S Management Corporation announced that its board has approved a stock repurchase program on Tuesday, August 8th that allows the company to repurchase $30.00 million in shares. This repurchase authorization allows the company to purchase up to 6.4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.
In related news, insider Arturo Carrion sold 1,100 shares of Triple-S Management Corporation stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $23.80, for a total value of $26,180.00. Following the completion of the sale, the insider now directly owns 48,663 shares in the company, valued at approximately $1,158,179.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.52% of the stock is currently owned by company insiders.
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About Triple-S Management Corporation
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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