Brighthouse Financial (NASDAQ:BHF) Trading Down 6.2%

Shares of Brighthouse Financial Inc (NASDAQ:BHF) traded down 6.2% during trading on Tuesday . The stock traded as low as $37.83 and last traded at $38.10, 1,922,471 shares traded hands during trading. An increase of 37% from the average session volume of 1,405,876 shares. The stock had previously closed at $40.60.

Several equities research analysts recently issued reports on BHF shares. ValuEngine raised Brighthouse Financial from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub upgraded shares of Brighthouse Financial from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Citigroup lowered their target price on shares of Brighthouse Financial from $36.00 to $33.00 and set a “sell” rating for the company in a research note on Friday, September 13th. Wells Fargo & Co reissued a “hold” rating and set a $41.00 target price on shares of Brighthouse Financial in a report on Tuesday, November 5th. Finally, Morgan Stanley reduced their price target on shares of Brighthouse Financial from $43.00 to $41.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 20th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $37.11.

The firm has a market cap of $4.15 billion, a P/E ratio of 5.17, a P/E/G ratio of 0.41 and a beta of 2.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a fifty day moving average of $39.55 and a 200-day moving average of $37.82.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data on Monday, November 4th. The company reported $2.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.22 by $0.11. Brighthouse Financial had a return on equity of 6.21% and a net margin of 17.25%. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the previous year, the firm posted $2.23 EPS. Equities research analysts expect that Brighthouse Financial Inc will post 9.38 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC grew its position in Brighthouse Financial by 29.6% in the 3rd quarter. Millennium Management LLC now owns 12,697 shares of the company’s stock valued at $513,000 after buying an additional 2,897 shares in the last quarter. Squarepoint Ops LLC raised its holdings in Brighthouse Financial by 104.2% during the third quarter. Squarepoint Ops LLC now owns 149,727 shares of the company’s stock worth $6,059,000 after purchasing an additional 76,393 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in Brighthouse Financial in the third quarter worth approximately $2,059,000. Barclays PLC lifted its position in Brighthouse Financial by 81.0% in the third quarter. Barclays PLC now owns 148,602 shares of the company’s stock worth $6,013,000 after purchasing an additional 66,496 shares during the period. Finally, Pictet Asset Management Ltd. boosted its stake in Brighthouse Financial by 15.7% during the 3rd quarter. Pictet Asset Management Ltd. now owns 41,936 shares of the company’s stock valued at $1,697,000 after purchasing an additional 5,700 shares in the last quarter. 85.97% of the stock is currently owned by institutional investors and hedge funds.

Brighthouse Financial Company Profile (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.

Further Reading: Margin

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