BB Seguridade Participacoes (OTCMKTS:BBSEY) Trading Down 2.8% – Here’s Why

BB Seguridade Participacoes SA (OTCMKTS:BBSEY)’s stock price was down 2.8% on Friday . The company traded as low as $6.43 and last traded at $6.51. Approximately 27,124 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 70,158 shares. The stock had previously closed at $6.70.

BB Seguridade Participacoes Stock Down 2.8%

The company’s 50-day moving average is $6.42 and its two-hundred day moving average is $6.77. The company has a market cap of $13.02 billion, a P/E ratio of 8.14, a price-to-earnings-growth ratio of 2.42 and a beta of 0.64.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last released its earnings results on Tuesday, August 5th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. BB Seguridade Participacoes had a net margin of 86.36% and a return on equity of 77.96%. The firm had revenue of $489.90 million for the quarter, compared to analysts’ expectations of $2.65 billion. On average, analysts anticipate that BB Seguridade Participacoes SA will post 0.71 EPS for the current fiscal year.

BB Seguridade Participacoes Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th will be given a $0.3327 dividend. This represents a yield of 1,065.0%. The ex-dividend date of this dividend is Monday, August 18th. BB Seguridade Participacoes’s dividend payout ratio (DPR) is currently 90.00%.

BB Seguridade Participacoes Company Profile

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.