Brighthouse Financial (NASDAQ:BHF) announced its quarterly earnings results on Monday. The company reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.06 by $0.17, Fidelity Earnings reports. Brighthouse Financial had a positive return on equity of 5.58% and a negative net margin of 7.88%. During the same period in the prior year, the business posted $3.31 EPS.
Shares of NASDAQ BHF opened at $42.61 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.46 and a current ratio of 0.46. The firm has a market capitalization of $4.90 billion, a P/E ratio of 6.34, a P/E/G ratio of 0.52 and a beta of 1.56. Brighthouse Financial has a 52-week low of $37.68 and a 52-week high of $67.55.
BHF has been the topic of several research analyst reports. Barclays lowered their price target on Brighthouse Financial from $72.00 to $60.00 and set an “overweight” rating on the stock in a research report on Monday, July 9th. Morgan Stanley lowered their price target on Brighthouse Financial from $60.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 11th. B. Riley lowered their price target on Brighthouse Financial from $59.00 to $49.00 and set a “neutral” rating on the stock in a research report on Monday, July 16th. ValuEngine cut Brighthouse Financial from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Finally, Credit Suisse Group upgraded Brighthouse Financial from an “underperform” rating to a “neutral” rating and set a $35.00 price target on the stock in a research report on Wednesday, August 15th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. Brighthouse Financial currently has an average rating of “Hold” and a consensus price target of $56.43.
Several hedge funds and other institutional investors have recently modified their holdings of BHF. EJF Capital LLC boosted its position in Brighthouse Financial by 157.7% during the second quarter. EJF Capital LLC now owns 1,262,500 shares of the company’s stock valued at $50,588,000 after purchasing an additional 772,500 shares during the last quarter. Northern Trust Corp boosted its position in Brighthouse Financial by 20.0% during the second quarter. Northern Trust Corp now owns 1,199,113 shares of the company’s stock valued at $48,048,000 after purchasing an additional 199,652 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in Brighthouse Financial during the third quarter valued at $37,343,000. Miller Value Partners LLC acquired a new stake in Brighthouse Financial during the second quarter valued at $33,283,000. Finally, Laurion Capital Management LP acquired a new stake in Brighthouse Financial during the second quarter valued at $21,148,000. Institutional investors and hedge funds own 87.32% of the company’s stock.
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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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