BB Seguridade Participações (OTCMKTS:BBSEY) Downgraded to “Hold” Rating by UBS Group

UBS Group lowered shares of BB Seguridade Participações (OTCMKTS:BBSEY) from a strong-buy rating to a hold rating in a report released on Tuesday morning,Zacks.com reports.

BB Seguridade Participações Price Performance

Shares of OTCMKTS BBSEY traded down $0.21 during midday trading on Tuesday, reaching $6.81. The company’s stock had a trading volume of 138,645 shares, compared to its average volume of 78,071. The stock has a market capitalization of $13.62 billion, a P/E ratio of 8.20, a PEG ratio of 1.51 and a beta of 0.65. The firm has a 50 day moving average price of $6.93 and a 200-day moving average price of $6.36. BB Seguridade Participações has a 12-month low of $5.38 and a 12-month high of $7.43.

BB Seguridade Participações (OTCMKTS:BBSEY) last posted its quarterly earnings data on Monday, February 17th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.02. The business had revenue of $448.84 million for the quarter. BB Seguridade Participações had a return on equity of 73.91% and a net margin of 85.43%. On average, equities analysts predict that BB Seguridade Participações will post 0.71 EPS for the current year.

BB Seguridade Participações Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, March 13th. Stockholders of record on Friday, February 28th were given a dividend of $0.3978 per share. This is an increase from BB Seguridade Participações’s previous dividend of $0.21. The ex-dividend date of this dividend was Friday, February 28th. BB Seguridade Participações’s dividend payout ratio is currently 86.75%.

About BB Seguridade Participações

BB Seguridade Participações SA, through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil. The company operates through Security and Brokerage segments. The Security segment offers life, property, rural, special risks and financial, transport, hulls, and housing people insurance products.