Shares of BB Seguridade Participacoes SA (OTCMKTS:BBSEY – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $7.89, but opened at $8.34. BB Seguridade Participacoes shares last traded at $8.3520, with a volume of 5,775 shares trading hands.
Analyst Ratings Changes
BBSEY has been the subject of several recent analyst reports. Zacks Research raised shares of BB Seguridade Participacoes from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Itau BBA Securities upgraded shares of BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a research report on Tuesday, June 16th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.
Check Out Our Latest Research Report on BBSEY
BB Seguridade Participacoes Trading Up 1.5%
BB Seguridade Participacoes (OTCMKTS:BBSEY – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.04. The business had revenue of $508.16 million during the quarter, compared to the consensus estimate of $489.08 million. BB Seguridade Participacoes had a return on equity of 78.75% and a net margin of 87.94%. Equities analysts expect that BB Seguridade Participacoes SA will post 0.87 earnings per share 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).
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