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

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) gapped down before the market opened on Tuesday . The stock had previously closed at $6.98, but opened at $6.6285. BB Seguridade Participacoes shares last traded at $6.5950, with a volume of 7,255 shares trading hands.

Analyst Ratings Changes

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

BB Seguridade Participacoes Stock Down 2.7%

The stock has a market cap of $13.58 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 2.39 and a beta of 0.35. The company’s 50-day simple moving average is $6.97 and its 200-day simple moving average is $6.56.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last released its quarterly earnings data on Monday, February 9th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.01. The business had revenue of $486.61 million during 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, analysts expect that BB Seguridade Participacoes SA will post 0.71 EPS for the current fiscal 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).