BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Gap Up – What’s Next?

Shares of BB Seguridade Participacoes SA (OTCMKTS:BBSEY) gapped up before the market opened on Tuesday . The stock had previously closed at $7.45, but opened at $8.40. BB Seguridade Participacoes shares last traded at $7.89, with a volume of 10,363 shares changing hands.

Analyst Upgrades and Downgrades

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

BB Seguridade Participacoes Trading Up 7.5%

The company has a market cap of $14.40 billion, a price-to-earnings ratio of 8.67, a P/E/G ratio of 2.72 and a beta of 0.34. The business has a 50-day moving average price of $6.85 and a 200 day moving average price of $6.43.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last issued its earnings results on Monday, February 9th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. BB Seguridade Participacoes had a return on equity of 78.13% and a net margin of 87.29%.The business had revenue of $486.61 million for the quarter, compared to analysts’ expectations of $509.09 million. On average, analysts anticipate that BB Seguridade Participacoes SA will post 0.71 earnings per share for the current year.

BB Seguridade Participacoes Company Profile

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).