Brighthouse Financial (NASDAQ:BHF) Releases Earnings Results, Beats Expectations By $1.32 EPS

Brighthouse Financial (NASDAQ:BHF) issued its quarterly earnings data on Tuesday. The company reported $5.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.56 by $1.32, Zacks reports. Brighthouse Financial had a positive return on equity of 23.54% and a negative net margin of 24.40%.

Brighthouse Financial Stock Down 0.8 %

Shares of Brighthouse Financial stock traded down $0.49 on Tuesday, reaching $58.49. 843,416 shares of the company were exchanged, compared to its average volume of 685,557. Brighthouse Financial has a 1-year low of $40.00 and a 1-year high of $64.00. The company has a market cap of $3.47 billion, a P/E ratio of -2.88 and a beta of 1.10. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.92 and a quick ratio of 0.92. The stock’s 50 day moving average price is $51.17 and its 200-day moving average price is $48.19.

Analyst Upgrades and Downgrades

BHF has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price objective on Brighthouse Financial from $48.00 to $60.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 29th. Barclays raised Brighthouse Financial from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $52.00 to $85.00 in a research report on Wednesday, January 29th. Wells Fargo & Company cut their price target on shares of Brighthouse Financial from $42.00 to $41.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. cut their price target on shares of Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group lowered shares of Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 price target on the stock. in a research note on Monday, February 3rd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $57.75.

Insider Transactions at Brighthouse Financial

In other news, EVP Myles Lambert sold 8,400 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $51.70, for a total transaction of $434,280.00. Following the completion of the sale, the executive vice president now owns 33,407 shares in the company, valued at $1,727,141.90. This represents a 20.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John Rosenthal sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $61.00, for a total value of $610,000.00. Following the sale, the executive vice president now owns 66,262 shares of the company’s stock, valued at $4,041,982. This trade represents a 13.11 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.40% 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 consists of 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.