Brighthouse Financial (NASDAQ:BHF) Issues Quarterly Earnings Results

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

Brighthouse Financial Stock Performance

NASDAQ:BHF opened at $58.49 on Thursday. The firm has a market capitalization of $3.47 billion, a price-to-earnings 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 business has a fifty day moving average price of $51.47 and a 200-day moving average price of $48.32. Brighthouse Financial has a one year low of $40.00 and a one year high of $64.00.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BHF shares. JPMorgan Chase & Co. decreased their price target on shares of Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating for the company in a research note on Tuesday, January 7th. Jefferies Financial Group downgraded 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. Keefe, Bruyette & Woods lifted their price objective on Brighthouse Financial from $48.00 to $60.00 and gave the company a “market perform” rating in a research note on Wednesday, January 29th. Piper Sandler reduced their price target on Brighthouse Financial from $55.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Finally, Barclays upgraded shares of Brighthouse Financial from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $52.00 to $85.00 in a research note on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $57.75.

Insiders Place Their Bets

In related news, EVP Myles Lambert sold 8,400 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $51.70, for a total value of $434,280.00. Following the transaction, the executive vice president now owns 33,407 shares of the company’s stock, valued at $1,727,141.90. This trade represents a 20.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John Rosenthal sold 10,000 shares of Brighthouse Financial stock in a transaction on Friday, January 31st. The shares were sold at an average price of $61.00, for a total value of $610,000.00. Following the sale, the executive vice president now directly owns 66,262 shares of the company’s stock, valued at approximately $4,041,982. This trade represents a 13.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.