BB Seguridade Participacoes (OTCMKTS:BBSEY) Stock Price Down 5% – Here’s Why

Shares of BB Seguridade Participacoes SA (OTCMKTS:BBSEY) fell 5% during trading on Wednesday . The stock traded as low as $7.08 and last traded at $7.09. 39,293 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 125,053 shares. The stock had previously closed at $7.46.

Wall Street Analysts Forecast Growth

Several research firms have commented on BBSEY. The Goldman Sachs Group downgraded shares of BB Seguridade Participacoes to a “neutral” rating in a research report on Friday, February 13th. Zacks Research raised shares of BB Seguridade Participacoes from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Finally, Itau BBA Securities downgraded shares of BB Seguridade Participacoes to an “underperform” rating in a research report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold”.

BB Seguridade Participacoes Trading Down 1.7%

The company’s fifty day moving average is $6.90 and its 200-day moving average is $6.65. The firm has a market capitalization of $13.40 billion, a P/E ratio of 8.31 and a beta of 0.39.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last posted its quarterly earnings data on Monday, February 9th. The company reported $0.22 earnings per share (EPS) 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 the consensus estimate of $509.09 million. BB Seguridade Participacoes had a net margin of 87.29% and a return on equity of 80.16%. On average, equities research analysts anticipate that BB Seguridade Participacoes SA will post 0.86 EPS for the current year.

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).