Zacks: Analysts Set $27.00 Target Price for Triple-S Management Corp. (GTS)
Shares of Triple-S Management Corp. (NYSE:GTS) have been assigned an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokers have set a 1-year consensus target price of $27.00 for the company and are anticipating that the company will post $0.26 earnings per share for the current quarter, according to Zacks. Zacks has also given Triple-S Management an industry rank of 50 out of 255 based on the ratings given to related companies.
A number of research analysts have issued reports on GTS shares. ValuEngine raised Triple-S Management from a “hold” rating to a “buy” rating in a research note on Tuesday, December 25th. Zacks Investment Research raised Triple-S Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 8th. Finally, TheStreet upgraded Triple-S Management from a “d+” rating to a “c-” rating in a report on Friday, March 1st.
Triple-S Management (NYSE:GTS) last posted its earnings results on Thursday, February 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.31. Triple-S Management had a positive return on equity of 1.44% and a negative net margin of 2.11%. The firm had revenue of $723.67 million during the quarter, compared to analysts’ expectations of $704.18 million. Sell-side analysts forecast that Triple-S Management will post 1.95 earnings per share for the current year.
Several institutional investors have recently modified their holdings of GTS. JPMorgan Chase & Co. lifted its holdings in shares of Triple-S Management by 70.6% in the third quarter. JPMorgan Chase & Co. now owns 979,969 shares of the company’s stock valued at $18,512,000 after purchasing an additional 405,659 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Triple-S Management by 118.9% in the third quarter. Morgan Stanley now owns 327,741 shares of the company’s stock valued at $6,190,000 after purchasing an additional 178,025 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Triple-S Management by 28.9% in the third quarter. AQR Capital Management LLC now owns 709,053 shares of the company’s stock valued at $13,394,000 after purchasing an additional 158,830 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Triple-S Management by 7.4% in the third quarter. BlackRock Inc. now owns 1,738,836 shares of the company’s stock valued at $32,846,000 after purchasing an additional 120,284 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Triple-S Management by 78.9% in the third quarter. Renaissance Technologies LLC now owns 218,200 shares of the company’s stock valued at $4,122,000 after purchasing an additional 96,200 shares in the last quarter. Institutional investors own 82.72% of the company’s stock.
Triple-S Management Company 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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