ValuEngine cut shares of Brighthouse Financial (NASDAQ:BHF) from a hold rating to a sell rating in a research report released on Wednesday, ValuEngine reports.
Several other brokerages have also issued reports on BHF. Bank of America decreased their price objective on Brighthouse Financial from $42.00 to $38.00 and set a neutral rating for the company in a research report on Tuesday, August 6th. BidaskClub lowered Brighthouse Financial from a strong-buy rating to a buy rating in a research report on Saturday, November 16th. Wells Fargo & Co reiterated a hold rating and issued a $41.00 price objective on shares of Brighthouse Financial in a research report on Tuesday, November 5th. Citigroup decreased their price objective on Brighthouse Financial from $36.00 to $33.00 and set a sell rating for the company in a research report on Friday, September 13th. Finally, Morgan Stanley reduced their price target on Brighthouse Financial from $43.00 to $41.00 and set an equal weight rating for the company in a research report on Tuesday, August 20th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $37.11.
Shares of BHF traded down $0.47 on Wednesday, hitting $39.63. The company’s stock had a trading volume of 764,200 shares, compared to its average volume of 1,376,753. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.25. The firm’s fifty day moving average price is $38.54 and its 200-day moving average price is $37.78. Brighthouse Financial has a fifty-two week low of $28.52 and a fifty-two week high of $44.12. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 5.33, a P/E/G ratio of 0.76 and a beta of 2.07.
Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 period in the previous year, the firm earned $2.23 EPS. As a group, equities analysts predict that Brighthouse Financial will post 4.9 earnings per share for the current fiscal year.
In other news, EVP John Rosenthal purchased 10,000 shares of Brighthouse Financial stock in a transaction on Tuesday, August 27th. The stock was purchased at an average price of $35.61 per share, with a total value of $356,100.00. Following the transaction, the executive vice president now directly owns 33,916 shares in the company, valued at approximately $1,207,748.76. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.23% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its stake in shares of Brighthouse Financial by 4.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 6,798 shares of the company’s stock worth $275,000 after purchasing an additional 276 shares in the last quarter. DNB Asset Management AS raised its stake in shares of Brighthouse Financial by 0.7% during the 3rd quarter. DNB Asset Management AS now owns 42,714 shares of the company’s stock worth $1,729,000 after purchasing an additional 299 shares in the last quarter. Usca Ria LLC raised its stake in shares of Brighthouse Financial by 0.8% during the 3rd quarter. Usca Ria LLC now owns 46,894 shares of the company’s stock worth $1,898,000 after purchasing an additional 350 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of Brighthouse Financial by 40.4% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,219 shares of the company’s stock worth $49,000 after purchasing an additional 351 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of Brighthouse Financial by 0.3% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 115,036 shares of the company’s stock worth $4,221,000 after purchasing an additional 354 shares in the last quarter. Institutional investors own 87.67% of the company’s stock.
Brighthouse Financial Company Profile
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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