Brighthouse Financial (BHF) Sets New 52-Week Low at $35.80

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Brighthouse Financial Inc (NASDAQ:BHF) shares hit a new 52-week low during trading on Thursday . The company traded as low as $35.80 and last traded at $36.17, with a volume of 195201 shares traded. The stock had previously closed at $38.81.

A number of research analysts have commented on BHF shares. Barclays cut Brighthouse Financial from an “overweight” rating to an “underweight” rating and set a $60.00 price objective on the stock. in a research note on Friday, August 10th. Bank of America restated a “neutral” rating and set a $47.00 price objective on shares of Brighthouse Financial in a research note on Wednesday, October 3rd. Credit Suisse Group upgraded Brighthouse Financial from an “underperform” rating to a “neutral” rating and set a $35.00 price objective on the stock in a research note on Wednesday, August 15th. They noted that the move was a valuation call. BidaskClub cut Brighthouse Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. Finally, ValuEngine upgraded Brighthouse Financial from a “strong sell” rating to a “sell” rating in a research note on Friday, August 17th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. Brighthouse Financial currently has an average rating of “Hold” and a consensus price target of $56.07.

The company has a debt-to-equity ratio of 0.31, a current ratio of 0.46 and a quick ratio of 0.46. The company has a market capitalization of $4.25 billion, a P/E ratio of 5.75, a PEG ratio of 0.47 and a beta of 1.58.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings results on Monday, November 5th. The company reported $2.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.19 by $0.04. Brighthouse Financial had a return on equity of 5.49% and a net margin of 1.33%. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the previous year, the firm posted $3.31 earnings per share. Research analysts expect that Brighthouse Financial Inc will post 8.04 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Seven Eight Capital LP acquired a new position in shares of Brighthouse Financial in the third quarter worth about $1,925,000. Matthew 25 Management Corp increased its holdings in Brighthouse Financial by 137.5% in the third quarter. Matthew 25 Management Corp now owns 95,000 shares of the company’s stock valued at $4,203,000 after buying an additional 55,000 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Brighthouse Financial by 93.5% in the second quarter. Acadian Asset Management LLC now owns 12,695 shares of the company’s stock valued at $509,000 after buying an additional 6,134 shares during the last quarter. Busey Trust CO bought a new stake in Brighthouse Financial in the third quarter valued at about $5,141,000. Finally, Raymond James & Associates increased its holdings in Brighthouse Financial by 24.9% in the second quarter. Raymond James & Associates now owns 93,254 shares of the company’s stock valued at $3,737,000 after buying an additional 18,604 shares during the last quarter. Institutional investors and hedge funds own 90.58% of the company’s stock.

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Brighthouse Financial Company Profile (NASDAQ:BHF)

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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