Brighthouse Financial (NASDAQ:BHF) Posts Earnings Results

Brighthouse Financial (NASDAQ:BHF) posted its earnings results on Thursday. The company reported $4.35 earnings per share for the quarter, missing analysts’ consensus estimates of $4.57 by ($0.22), Briefing.com reports. Brighthouse Financial had a positive return on equity of 16.88% and a negative net margin of 1.10%.The business’s revenue was down 29.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.17 earnings per share.

Brighthouse Financial Trading Up 0.2%

Brighthouse Financial stock traded up $0.13 during midday trading on Thursday, reaching $61.42. The stock had a trading volume of 323,281 shares, compared to its average volume of 691,111. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.56. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of -20.61 and a beta of 0.87. Brighthouse Financial has a 52-week low of $42.07 and a 52-week high of $66.33. The company has a fifty day moving average of $60.84 and a 200 day moving average of $62.29.

Institutional Investors Weigh In On Brighthouse Financial

Several hedge funds and other institutional investors have recently modified their holdings of the business. PenderFund Capital Management Ltd. purchased a new stake in shares of Brighthouse Financial during the fourth quarter valued at $188,000. Amundi purchased a new position in Brighthouse Financial in the 4th quarter worth about $202,000. Atlas Capital Advisors Inc. bought a new stake in Brighthouse Financial during the 4th quarter valued at about $96,000. Advisory Services Network LLC bought a new stake in Brighthouse Financial during the 3rd quarter valued at about $114,000. Finally, Triumph Capital Management purchased a new stake in Brighthouse Financial in the 3rd quarter valued at about $84,000. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. Weiss Ratings lowered Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday. Argus raised Brighthouse Financial to a “hold” rating in a research note on Thursday, March 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $67.00 target price on shares of Brighthouse Financial in a report on Thursday, March 26th. Finally, Zacks Research downgraded Brighthouse Financial from a “hold” rating to a “strong sell” rating in a research report on Monday, March 30th. Seven equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Brighthouse Financial presently has an average rating of “Reduce” and an average price target of $60.86.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based life insurance company that specializes in retirement income solutions and annuity products. The firm was established in August 2017 as a spin-off from MetLife, Inc, and is headquartered in Charlotte, North Carolina. Since its separation, Brighthouse Financial has focused on providing products designed to help individuals and families manage retirement income needs, drawing on decades of experience in life insurance and annuity administration inherited from its parent company.

The company’s core product offerings include fixed indexed annuities, which allow policyholders to participate in market-linked gains while protecting against downside market risk, and single premium immediate annuities, which provide guaranteed lifetime income.