To many investors, hedge funds are seen as delayed, outdated financial tools of an era lost to time. Although there are In excess of 8,000 hedge funds trading currently, this site focuses on the elite of this club, around 525 funds. Analysts calculate that this group controls most of all hedge funds’ total assets, and by tracking their best investments, we’ve discovered a number of investment strategies that have historically outperformed the S&P 500. Our small-cap hedge fund strategy outpaced the S&P 500 index by 18 percentage points per year for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have trumped the S&P 500 index by 33 percentage points in 11 months (find the details here).
Just as necessary, bullish insider trading sentiment is a second way to analyze the financial markets. Just as you’d expect, there are plenty of stimuli for an insider to downsize shares of his or her company, but only one, very obvious reason why they would buy. Many empirical studies have demonstrated the market-beating potential of this tactic if you know where to look (learn more here).
What’s more, we’re going to study the newest info for Triple-S Management Corp.(NYSE:GTS).
What does the smart money think about Triple-S Management Corp.(NYSE:GTS)?
Heading into Q3, a total of 11 of the hedge funds we track were bullish in this stock, a change of 22% from the first quarter. With the smart money’s capital changing hands, there exists a select group of noteworthy hedge fund managers who were upping their holdings substantially.
According to our 13F database, Gabe Hoffman’s Accipiter Capital Management had the largest position in Triple-S Management Corp.(NYSE:GTS), worth close to $46.8 million, accounting for 36.8% of its total 13F portfolio. On Accipiter Capital Management’s heels is North Run Capital, managed by Thomas Ellis and Todd Hammer, which held a $37.1 million position; the fund has 4.3% of its 13F portfolio invested in the stock. Remaining peers that hold long positions include Anthony Bozza’s Lakewood Capital Management, John Overdeck and David Siegel’s Two Sigma Advisors and D. E. Shaw’s D E Shaw.
Now, particular hedge funds were breaking ground themselves. Accipiter Capital Management, managed by Gabe Hoffman, initiated the largest position in Triple-S Management Corp.(NYSE:GTS). Accipiter Capital Management had 46.8 million invested in the company at the end of the quarter. Thomas Ellis and Todd Hammer’s North Run Capital also initiated a $37.1 million position during the quarter. The other funds with brand new GTS positions are Anthony Bozza’s Lakewood Capital Management, John Overdeck and David Siegel’s Two Sigma Advisors, and D. E. Shaw’s D E Shaw.
What do corporate executives and insiders think about Triple-S Management Corp.(NYSE:GTS)?
Bullish insider trading is at its handiest when the company in focus has experienced transactions within the past half-year. Over the last half-year time period, Triple-S Management Corp.(NYSE:GTS) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
We’ll also take a look at the relationship between both of these indicators in other stocks similar to Triple-S Management Corp.(NYSE:GTS). These stocks are Assurant, Inc. (NYSE:AIZ), CNO Financial Group Inc (NYSE:CNO), StanCorp Financial Group, Inc. (NYSE:SFG), Eastern Insurance Holdings Inc (NASDAQ:EIHI), and PICO Holdings Inc (NASDAQ:PICO). This group of stocks are in the accident & health insurance industry and their market caps are similar to GTS’s market cap.
|Company Name||# of Hedge Funds||# of Insiders Buying||# of Insiders Selling|
|Assurant, Inc. (NYSE:AIZ)||15||0||0|
|CNO Financial Group Inc (NYSE:CNO)||19||0||0|
|StanCorp Financial Group, Inc. (NYSE:SFG)||5||0||0|
|Eastern Insurance Holdings Inc (NASDAQ:EIHI)||3||0||0|
|PICO Holdings Inc (NASDAQ:PICO)||9||0||0|
Using the returns shown by Insider Monkey’s research, regular investors should always keep one eye on hedge fund and insider trading activity, and Triple-S Management Corp.(NYSE:GTS) shareholders fit into this picture quite nicely.