State Street Corp lowered its stake in shares of Triple-S Management Corp. (NYSE:GTS) by 0.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 625,183 shares of the company’s stock after selling 3,007 shares during the period. State Street Corp owned approximately 2.63% of Triple-S Management worth $8,815,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Arkadios Wealth Advisors raised its stake in Triple-S Management by 83.4% during the first quarter. Arkadios Wealth Advisors now owns 5,692 shares of the company’s stock worth $80,000 after purchasing an additional 2,588 shares during the period. BNP Paribas Arbitrage SA raised its stake in Triple-S Management by 26.4% during the first quarter. BNP Paribas Arbitrage SA now owns 7,081 shares of the company’s stock worth $100,000 after purchasing an additional 1,481 shares during the period. SG Americas Securities LLC raised its stake in Triple-S Management by 31.3% during the first quarter. SG Americas Securities LLC now owns 8,575 shares of the company’s stock worth $121,000 after purchasing an additional 2,046 shares during the period. Aigen Investment Management LP raised its stake in Triple-S Management by 254.3% during the first quarter. Aigen Investment Management LP now owns 13,155 shares of the company’s stock worth $185,000 after purchasing an additional 9,442 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Triple-S Management by 145.4% during the fourth quarter. Victory Capital Management Inc. now owns 16,381 shares of the company’s stock worth $303,000 after purchasing an additional 9,706 shares during the period. 93.57% of the stock is currently owned by institutional investors.
Separately, ValuEngine raised shares of Triple-S Management from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 8th.
Shares of GTS stock opened at $19.46 on Friday. The company’s fifty day simple moving average is $18.73 and its 200-day simple moving average is $16.89. Triple-S Management Corp. has a 52 week low of $9.13 and a 52 week high of $27.64. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.03. The company has a market cap of $481.12 million, a PE ratio of 7.68 and a beta of 0.81.
Triple-S Management (NYSE:GTS) last issued its earnings results on Thursday, May 7th. The company reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.23. Triple-S Management had a net margin of 0.94% and a return on equity of 6.57%. The business had revenue of $896.44 million for the quarter. Equities research analysts expect that Triple-S Management Corp. will post 2.7 EPS for the current fiscal year.
Triple-S Management Profile
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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