BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Gap Up – Here’s What Happened

Shares of BB Seguridade Participacoes SA (OTCMKTS:BBSEYGet Free Report) gapped up prior to trading on Monday . The stock had previously closed at $6.35, but opened at $6.6450. BB Seguridade Participacoes shares last traded at $6.5940, with a volume of 47,922 shares trading hands.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered shares of BB Seguridade Participacoes to a “neutral” rating in a report on Friday, February 13th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, BB Seguridade Participacoes has an average rating of “Hold”.

Get Our Latest Report on BB Seguridade Participacoes

BB Seguridade Participacoes Stock Performance

The stock has a market capitalization of $13.66 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 2.63 and a beta of 0.35. The company has a 50 day moving average of $6.97 and a 200 day moving average of $6.56.

BB Seguridade Participacoes (OTCMKTS:BBSEYGet Free Report) last posted its quarterly earnings results on Monday, February 9th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The company had revenue of $486.61 million for the quarter, compared to analyst estimates of $509.09 million. BB Seguridade Participacoes had a return on equity of 80.16% and a net margin of 87.29%. As a group, research analysts expect that BB Seguridade Participacoes SA will post 0.71 EPS for the current fiscal year.

BB Seguridade Participacoes Company Profile

(Get Free Report)

BB Seguridade Participações SA is a leading Brazilian insurance and pension holding company, primarily focused on the design, underwriting and distribution of risk protection and retirement solutions. As a publicly traded subsidiary of Banco do Brasil, BB Seguridade operates through a network of specialized businesses that serve both individual and institutional clients across Brazil.

The company’s main offerings are delivered via its core subsidiaries: Brasilprev (private pension and savings plans), BB Mapfre (property & casualty insurance), Brasilveículos (auto warranty and mechanical protection), Brasilcap (surety bonds) and BB Seguros (life, rural and personal accident insurance).

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