Brighthouse Financial (NASDAQ:BHF) Stock Price Down 5.2%

Brighthouse Financial, Inc. (NASDAQ:BHF – Get Rating)’s share price dropped 5.2% during trading on Tuesday . The stock traded as low as $47.69 and last traded at $48.45. Approximately 2,563 shares changed hands during trading, a decline of 100% from the average daily volume of 640,540 shares. The stock had previously closed at $51.11.

BHF has been the topic of several recent research reports. Wolfe Research began coverage on Brighthouse Financial in a research report on Friday, January 21st. They set an “outperform” rating and a $79.00 price objective on the stock. Morgan Stanley reduced their price target on Brighthouse Financial from $65.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Friday, April 8th. Wells Fargo & Company upgraded Brighthouse Financial from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $53.00 to $54.00 in a research report on Tuesday, April 12th. The Goldman Sachs Group raised their price target on Brighthouse Financial from $55.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 5th. Finally, Zacks Investment Research lowered Brighthouse Financial from a “buy” rating to a “sell” rating and set a $46.00 price target on the stock. in a research report on Wednesday, March 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $58.20.

The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $51.33 and a two-hundred day simple moving average of $52.72. The firm has a market cap of $3.50 billion, a PE ratio of -23.22 and a beta of 1.36.

Brighthouse Financial (NASDAQ:BHF – Get Rating) last released its earnings results on Monday, May 9th. The company reported $4.07 EPS for the quarter, beating analysts’ consensus estimates of $3.27 by $0.80. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Brighthouse Financial had a positive return on equity of 11.70% and a negative net margin of 1.51%. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $4.86 EPS. Equities analysts expect that Brighthouse Financial, Inc. will post 14.15 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its position in Brighthouse Financial by 1,502.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 863,242 shares of the company’s stock valued at $44,595,000 after buying an additional 809,362 shares in the last quarter. Norges Bank bought a new position in Brighthouse Financial during the 4th quarter valued at approximately $41,153,000. JBF Capital Inc. increased its position in Brighthouse Financial by 8,965.5% during the 4th quarter. JBF Capital Inc. now owns 262,900 shares of the company’s stock valued at $13,618,000 after buying an additional 260,000 shares in the last quarter. Great Lakes Advisors LLC increased its position in Brighthouse Financial by 1,227.7% during the 1st quarter. Great Lakes Advisors LLC now owns 258,629 shares of the company’s stock valued at $13,361,000 after buying an additional 239,150 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Brighthouse Financial by 10.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,239,956 shares of the company’s stock valued at $116,030,000 after buying an additional 203,134 shares in the last quarter. Institutional investors own 81.47% of the company’s stock.

About Brighthouse Financial (NASDAQ:BHF)

Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment offers variable, fixed, index-linked, and income annuities for contract holders' needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security.

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