Brighthouse Financial (NASDAQ:BHF) announced its earnings results on Monday. The company reported $1.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.18), Bloomberg Earnings reports. Brighthouse Financial had a return on equity of 5.49% and a net margin of 1.33%.
Shares of BHF opened at $35.70 on Tuesday. The company has a market cap of $4.18 billion, a P/E ratio of 5.66, a price-to-earnings-growth ratio of 0.45 and a beta of 2.13. Brighthouse Financial has a 12-month low of $28.52 and a 12-month high of $59.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.46 and a current ratio of 0.46.
A number of institutional investors and hedge funds have recently modified their holdings of BHF. Pearl River Capital LLC bought a new stake in Brighthouse Financial in the 4th quarter worth approximately $26,000. Benjamin F. Edwards & Company Inc. increased its stake in Brighthouse Financial by 162.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the company’s stock worth $29,000 after acquiring an additional 591 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Brighthouse Financial by 3,384.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,312,804 shares of the company’s stock worth $43,000 after acquiring an additional 1,275,123 shares during the last quarter. Loeb Partners Corp bought a new position in shares of Brighthouse Financial during the 4th quarter valued at approximately $71,000. Finally, ETF Managers Group LLC increased its position in shares of Brighthouse Financial by 15.8% during the 4th quarter. ETF Managers Group LLC now owns 2,535 shares of the company’s stock valued at $77,000 after purchasing an additional 345 shares during the last quarter. 91.34% of the stock is currently owned by institutional investors.
A number of research firms have recently weighed in on BHF. BidaskClub cut Brighthouse Financial from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Zacks Investment Research cut Brighthouse Financial from a “hold” rating to a “sell” rating in a research report on Monday, January 21st. Morgan Stanley lowered their price objective on Brighthouse Financial from $58.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 6th. Wells Fargo & Co set a $50.00 price objective on Brighthouse Financial and gave the company a “hold” rating in a research report on Monday, November 5th. Finally, Bank of America lowered their price objective on Brighthouse Financial from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 6th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $53.27.
About Brighthouse Financial
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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