BB Seguridade Participacoes (OTCMKTS:BBSEY) Announces Quarterly Earnings Results

BB Seguridade Participacoes (OTCMKTS:BBSEY) announced its quarterly earnings results on Monday. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21, Zacks reports. BB Seguridade Participacoes had a net margin of 87.29% and a return on equity of 80.16%.

BB Seguridade Participacoes Price Performance

Shares of OTCMKTS BBSEY traded down $0.07 during mid-day trading on Monday, hitting $6.88. 100,690 shares of the company’s stock traded hands, compared to its average volume of 129,183. The company’s 50-day moving average is $6.85 and its two-hundred day moving average is $6.69. BB Seguridade Participacoes has a 1 year low of $5.80 and a 1 year high of $8.58. The company has a market capitalization of $13.36 billion, a P/E ratio of 8.29 and a beta of 0.38.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BBSEY. The Goldman Sachs Group cut BB Seguridade Participacoes to a “neutral” rating in a report on Friday, February 13th. Itau BBA Securities cut BB Seguridade Participacoes to an “underperform” rating in a report on Wednesday, April 15th. Finally, Zacks Research upgraded shares of BB Seguridade Participacoes from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, BB Seguridade Participacoes presently has a consensus rating of “Hold”.

About BB Seguridade Participacoes

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).