BB Seguridade Participacoes (OTCMKTS:BBSEY) Trading 4.2% Higher – What’s Next?

BB Seguridade Participacoes SA (OTCMKTS:BBSEY)’s share price traded up 4.2% during mid-day trading on Tuesday . The stock traded as high as $6.70 and last traded at $6.69. 162,114 shares changed hands during mid-day trading, an increase of 265% from the average session volume of 44,397 shares. The stock had previously closed at $6.42.

BB Seguridade Participacoes Price Performance

The firm’s 50 day simple moving average is $6.49 and its 200-day simple moving average is $6.28. The company has a market cap of $13.38 billion, a price-to-earnings ratio of 8.26, a P/E/G ratio of 2.42 and a beta of 0.36.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last posted its earnings results on Tuesday, November 4th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. The business had revenue of $499.59 million during the quarter, compared to the consensus estimate of $435.25 million. BB Seguridade Participacoes had a return on equity of 79.01% and a net margin of 87.16%. On average, analysts forecast that BB Seguridade Participacoes SA will post 0.71 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).