BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Gap Up – Here’s Why

BB Seguridade Participacoes SA (OTCMKTS:BBSEY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $6.36, but opened at $6.62. BB Seguridade Participacoes shares last traded at $6.62, with a volume of 161 shares trading hands.

BB Seguridade Participacoes Trading Up 2.7%

The company has a market capitalization of $13.26 billion, a price-to-earnings ratio of 8.19, a PEG ratio of 2.31 and a beta of 0.38. The company’s 50 day simple moving average is $6.30 and its 200-day simple moving average is $6.28.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. BB Seguridade Participacoes had a net margin of 87.16% and a return on equity of 79.01%. The business had revenue of $499.59 million for the quarter, compared to the consensus estimate of $435.25 million. Sell-side analysts anticipate 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).