Victory Capital Management Inc. Raises Stake in Triple-S Management Co. (NYSE:GTS)

Victory Capital Management Inc. raised its position in Triple-S Management Co. (NYSE:GTS) by 9.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,091 shares of the company’s stock after acquiring an additional 3,090 shares during the quarter. Victory Capital Management Inc. owned approximately 0.15% of Triple-S Management worth $804,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Federated Hermes Inc. lifted its stake in Triple-S Management by 122.8% in the first quarter. Federated Hermes Inc. now owns 1,076 shares of the company’s stock worth $28,000 after acquiring an additional 593 shares during the last quarter. Arkadios Wealth Advisors purchased a new position in Triple-S Management in the second quarter worth approximately $39,000. Captrust Financial Advisors purchased a new position in Triple-S Management in the first quarter worth approximately $53,000. Lazard Asset Management LLC lifted its stake in Triple-S Management by 16.5% in the first quarter. Lazard Asset Management LLC now owns 3,579 shares of the company’s stock worth $93,000 after acquiring an additional 507 shares during the last quarter. Finally, UBS Group AG lifted its stake in Triple-S Management by 117.5% in the first quarter. UBS Group AG now owns 8,010 shares of the company’s stock worth $209,000 after acquiring an additional 4,328 shares during the last quarter. Institutional investors own 76.87% of the company’s stock.

GTS stock opened at $35.46 on Wednesday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.05. Triple-S Management Co. has a twelve month low of $17.32 and a twelve month high of $35.91. The company’s 50 day moving average is $27.43 and its two-hundred day moving average is $26.01. The stock has a market cap of $843.81 million, a P/E ratio of 8.54 and a beta of 0.80.

Triple-S Management (NYSE:GTS) last released its quarterly earnings data on Thursday, August 5th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.38). Triple-S Management had a return on equity of 4.49% and a net margin of 2.40%. The company had revenue of $1.01 billion for the quarter. On average, equities research analysts predict that Triple-S Management Co. will post 3.05 earnings per share for the current year.

Separately, TheStreet raised shares of Triple-S Management from a “c+” rating to a “b” rating in a report on Friday, May 28th.

About Triple-S Management

Triple-S Management Corp. is a holding company, which engages in the provision of health insurance services. It operates through the following business segments: Managed Care; Life Insurance; Property and Casualty Insurance; and Other. The Managed Care segment sells managed care products to commercial, Medicare, and Medicaid market sectors.

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

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