Brighthouse Financial (BHF) Trading Down 6.3%

Brighthouse Financial Inc (NASDAQ:BHF) traded down 6.3% during mid-day trading on Friday . The company traded as low as $39.62 and last traded at $39.96. 2,442,948 shares were traded during trading, an increase of 114% from the average session volume of 1,144,204 shares. The stock had previously closed at $42.64.

A number of equities research analysts have issued reports on the stock. BidaskClub upgraded shares of Brighthouse Financial from a “strong sell” rating to a “sell” rating in a report on Tuesday, April 24th. Wells Fargo & Co reduced their target price on shares of Brighthouse Financial from $55.00 to $50.00 and set a “market perform” rating on the stock in a report on Tuesday, June 19th. They noted that the move was a valuation call. Morgan Stanley reduced their target price on shares of Brighthouse Financial from $60.00 to $58.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 11th. B. Riley reduced their target price on shares of Brighthouse Financial from $59.00 to $49.00 and set a “neutral” rating on the stock in a report on Monday, July 16th. Finally, ValuEngine lowered shares of Brighthouse Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $58.30.

The company has a current ratio of 0.46, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. The stock has a market cap of $5.11 billion and a P/E ratio of 6.61.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings data on Monday, August 6th. The company reported $1.27 EPS for the quarter, missing the Zacks’ consensus estimate of $1.96 by ($0.69). Brighthouse Financial had a negative net margin of 7.88% and a positive return on equity of 5.58%. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Brighthouse Financial’s revenue was down .7% on a year-over-year basis. analysts anticipate that Brighthouse Financial Inc will post 8.23 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of BHF. Stratos Wealth Partners LTD. purchased a new position in shares of Brighthouse Financial in the 1st quarter valued at $105,000. Municipal Employees Retirement System of Michigan purchased a new position in shares of Brighthouse Financial in the 1st quarter valued at $127,000. Daiwa Securities Group Inc. purchased a new position in shares of Brighthouse Financial in the 1st quarter valued at $131,000. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund purchased a new position in shares of Brighthouse Financial in the 1st quarter valued at $145,000. Finally, Hexavest Inc. purchased a new position in shares of Brighthouse Financial in the 2nd quarter valued at $158,000. 87.16% of the stock is currently owned by hedge funds and other institutional investors.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc provides a range of annuity and life insurance products in the United States. The company operates through three segments: Annuities, Life, and Run-off. It 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; and term, whole, universal, and variable life insurance products for policyholders' needs for financial security and protected wealth transfer.

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