Brighthouse Financial (BHF) Posts Quarterly Earnings Results

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Brighthouse Financial (NASDAQ:BHF) issued its earnings results on Monday. The company reported $1.56 earnings per share for the quarter, missing the Thomson Reuters’ 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 NASDAQ:BHF opened at $35.70 on Tuesday. Brighthouse Financial has a 1 year low of $28.52 and a 1 year high of $59.01. The stock 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. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.31.

Large investors have recently made changes to their positions in the stock. Pearl River Capital LLC acquired a new position in shares of Brighthouse Financial in the fourth quarter valued at about $26,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Brighthouse Financial by 162.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the company’s stock valued at $29,000 after purchasing an additional 591 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of Brighthouse Financial by 3,384.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,312,804 shares of the company’s stock valued at $43,000 after purchasing an additional 1,275,123 shares during the period. Loeb Partners Corp acquired a new position in shares of Brighthouse Financial in the fourth quarter valued at about $71,000. Finally, ETF Managers Group LLC increased its holdings in shares of Brighthouse Financial by 15.8% in the fourth 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 period. 91.34% of the stock is currently owned by institutional investors.

A number of brokerages recently weighed in on BHF. Bank of America decreased their price objective on Brighthouse Financial from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Tuesday, November 6th. Morgan Stanley decreased their price objective on Brighthouse Financial from $58.00 to $55.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 6th. BidaskClub upgraded Brighthouse Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, November 6th. Wells Fargo & Co set a $50.00 target price on Brighthouse Financial and gave the company a “hold” rating in a research report on Monday, November 5th. Finally, Zacks Investment Research lowered Brighthouse Financial from a “hold” rating to a “sell” rating in a research report on Monday, January 21st. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. Brighthouse Financial presently has a consensus rating of “Hold” and a consensus target price of $53.27.

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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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Earnings History for Brighthouse Financial (NASDAQ:BHF)

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