California Public Employees Retirement System Sells 19,900 Shares of Triple-S Management Corporation (GTS)

California Public Employees Retirement System reduced its holdings in Triple-S Management Corporation (NYSE:GTS) by 20.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 78,000 shares of the company’s stock after selling 19,900 shares during the period. California Public Employees Retirement System owned approximately 0.33% of Triple-S Management Corporation worth $1,319,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of GTS. Northern Trust Corp boosted its stake in shares of Triple-S Management Corporation by 25.6% during the 2nd quarter. Northern Trust Corp now owns 1,054,116 shares of the company’s stock worth $17,824,000 after purchasing an additional 214,812 shares during the period. Kennedy Capital Management Inc. purchased a new position in shares of Triple-S Management Corporation during the 2nd quarter worth about $2,958,000. Renaissance Technologies LLC purchased a new position in shares of Triple-S Management Corporation during the 1st quarter worth about $2,397,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Triple-S Management Corporation by 28.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 307,588 shares of the company’s stock worth $5,202,000 after purchasing an additional 68,210 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Triple-S Management Corporation by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 1,026,213 shares of the company’s stock worth $17,353,000 after purchasing an additional 29,547 shares during the period. 79.66% of the stock is owned by institutional investors and hedge funds.

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In other Triple-S Management Corporation news, insider Arturo Carrion sold 1,100 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were 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 of the company’s stock, valued at approximately $1,158,179.40. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.52% of the stock is owned by insiders.

A number of research firms recently commented on GTS. Zacks Investment Research cut shares of Triple-S Management Corporation from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. ValuEngine raised shares of Triple-S Management Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. BidaskClub raised shares of Triple-S Management Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. TheStreet raised shares of Triple-S Management Corporation from a “c” rating to a “b-” rating in a research note on Thursday, August 17th. Finally, Wells Fargo & Company raised shares of Triple-S Management Corporation from an “underperform” rating to a “market perform” rating and lifted their price target for the stock from $16.00 to $20.00 in a research note on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average target price of $23.50.

Shares of Triple-S Management Corporation (GTS) opened at $24.19 on Wednesday. The stock has a market cap of $593.01, a PE ratio of 346.57, a price-to-earnings-growth ratio of 2.82 and a beta of 0.33. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.56 and a quick ratio of 0.56. Triple-S Management Corporation has a 52-week low of $15.05 and a 52-week high of $25.41.

Triple-S Management Corporation (NYSE:GTS) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.57. The company had revenue of $745.90 million during the quarter, compared to analysts’ expectations of $723.25 million. Triple-S Management Corporation had a net margin of 0.63% and a return on equity of 0.19%. The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 EPS. equities research analysts anticipate 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 initiated a stock repurchase plan on Tuesday, August 8th that authorizes the company to repurchase $30.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 6.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

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.

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

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