According to Zacks, “Triple-S Management Corporation is an independent licensee of the Blue Cross Blue Shield Association. It is the largest managed care company in Puerto Rico, serving approximately one million members across all regions. Triple-S offers a broad portfolio of managed care and related products in the commercial, Medicare and Reform (similar to Medicaid) markets. In addition to its managed care business, Triple-S provides life and property and casualty insurance in Puerto Rico. “
Separately, ValuEngine lowered Triple-S Management from a buy rating to a hold rating in a research report on Friday, July 26th.
Triple-S Management (NYSE:GTS) last announced its earnings results on Thursday, August 8th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.70. Triple-S Management had a return on equity of 3.73% and a net margin of 1.17%. The business had revenue of $878.60 million for the quarter, compared to analyst estimates of $792.75 million. During the same quarter last year, the firm earned $0.44 EPS. Triple-S Management’s revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, analysts anticipate that Triple-S Management will post 2.5 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. grew its stake in Triple-S Management by 170.6% in the second quarter. Jacobs Levy Equity Management Inc. now owns 130,585 shares of the company’s stock valued at $3,114,000 after purchasing an additional 82,322 shares in the last quarter. Bogle Investment Management L P DE grew its stake in Triple-S Management by 584.9% in the second quarter. Bogle Investment Management L P DE now owns 75,328 shares of the company’s stock valued at $1,797,000 after purchasing an additional 64,329 shares in the last quarter. Alambic Investment Management L.P. grew its stake in Triple-S Management by 9.1% in the second quarter. Alambic Investment Management L.P. now owns 37,146 shares of the company’s stock valued at $886,000 after purchasing an additional 3,100 shares in the last quarter. Renaissance Technologies LLC grew its stake in Triple-S Management by 13.6% in the second quarter. Renaissance Technologies LLC now owns 372,700 shares of the company’s stock valued at $8,889,000 after purchasing an additional 44,700 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in Triple-S Management by 575.9% in the second quarter. Bank of Montreal Can now owns 2,021 shares of the company’s stock valued at $48,000 after purchasing an additional 1,722 shares in the last quarter. Hedge funds and other institutional investors own 77.89% 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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