BB Seguridade Participacoes (OTCMKTS:BBSEY) Reaches New 12-Month High – What’s Next?

BB Seguridade Participacoes SA (OTCMKTS:BBSEY)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $8.22 and last traded at $8.11, with a volume of 64249 shares trading hands. The stock had previously closed at $7.45.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded shares of BB Seguridade Participacoes to a “neutral” rating in a report on Friday. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

BB Seguridade Participacoes Stock Performance

The business’s fifty day simple moving average is $6.80 and its 200-day simple moving average is $6.41. The company has a market capitalization of $16.22 billion, a P/E ratio of 9.77, a P/E/G ratio of 3.05 and a beta of 0.34.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last issued 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. BB Seguridade Participacoes had a return on equity of 78.13% and a net margin of 87.29%.The business had revenue of $486.61 million for the quarter, compared to analysts’ expectations of $509.09 million. As a group, analysts forecast that BB Seguridade Participacoes SA will post 0.71 EPS for the current 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).