Brighthouse Financial (NASDAQ:BHF) Trading Down 6.2%

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Brighthouse Financial Inc (NASDAQ:BHF) shares dropped 6.2% during mid-day trading on Tuesday . The company traded as low as $37.83 and last traded at $38.10, approximately 1,922,471 shares were traded during trading. An increase of 37% from the average daily volume of 1,405,876 shares. The stock had previously closed at $40.60.

A number of research analysts have commented on the company. Wells Fargo & Co restated a “hold” rating and issued a $41.00 target price on shares of Brighthouse Financial in a research note on Tuesday, November 5th. BidaskClub raised Brighthouse Financial from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. ValuEngine raised Brighthouse Financial from a “sell” rating to a “hold” rating in a research note on Tuesday. Citigroup reduced their price target on Brighthouse Financial from $36.00 to $33.00 and set a “sell” rating for the company in a report on Friday, September 13th. Finally, Morgan Stanley lowered their price target on Brighthouse Financial from $43.00 to $41.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 20th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $37.11.

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.54 and a current ratio of 0.54. The firm’s 50 day moving average is $39.55 and its 200-day moving average is $37.82. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 5.17, a price-to-earnings-growth ratio of 0.41 and a beta of 2.10.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.22 by $0.11. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Brighthouse Financial had a net margin of 17.25% and a return on equity of 6.21%. During the same period in the prior year, the company posted $2.23 earnings per share. As a group, research analysts predict that Brighthouse Financial Inc will post 9.38 EPS for the current year.

Several large investors have recently made changes to their positions in BHF. Millennium Management LLC boosted its stake in shares of Brighthouse Financial by 29.6% during the 3rd quarter. Millennium Management LLC now owns 12,697 shares of the company’s stock worth $513,000 after acquiring an additional 2,897 shares in the last quarter. Squarepoint Ops LLC increased its holdings in shares of Brighthouse Financial by 104.2% during the 3rd quarter. Squarepoint Ops LLC now owns 149,727 shares of the company’s stock valued at $6,059,000 after acquiring an additional 76,393 shares during the last quarter. Voloridge Investment Management LLC acquired a new position in shares of Brighthouse Financial during the 3rd quarter valued at about $2,059,000. Barclays PLC raised its stake in shares of Brighthouse Financial by 81.0% in the 3rd quarter. Barclays PLC now owns 148,602 shares of the company’s stock valued at $6,013,000 after acquiring an additional 66,496 shares in the last quarter. Finally, Pictet Asset Management Ltd. raised its stake in shares of Brighthouse Financial by 15.7% in the 3rd quarter. Pictet Asset Management Ltd. now owns 41,936 shares of the company’s stock valued at $1,697,000 after acquiring an additional 5,700 shares in the last quarter. 85.97% of the stock is owned by institutional investors.

Brighthouse Financial Company Profile (NASDAQ:BHF)

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 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.

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