Brighthouse Financial (NASDAQ:BHF) Releases Earnings Results, Misses Expectations By $1.49 EPS

Brighthouse Financial (NASDAQ:BHF) released its quarterly earnings results on Monday. The company reported $3.70 earnings per share for the quarter, missing analysts’ consensus estimates of $5.19 by ($1.49), FiscalAI reports. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.24 billion. Brighthouse Financial had a net margin of 15.39% and a return on equity of 20.59%.

Brighthouse Financial Stock Performance

Shares of BHF traded down $1.39 during trading hours on Monday, hitting $62.54. The company’s stock had a trading volume of 1,129,871 shares, compared to its average volume of 710,085. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 4.27 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.95 and a quick ratio of 0.95. The business has a 50 day simple moving average of $64.36 and a two-hundred day simple moving average of $57.33. Brighthouse Financial has a 52-week low of $42.07 and a 52-week high of $66.33.

Hedge Funds Weigh In On Brighthouse Financial

A number of large investors have recently modified their holdings of the company. NewEdge Advisors LLC increased its stake in Brighthouse Financial by 442.5% in the 4th quarter. NewEdge Advisors LLC now owns 434 shares of the company’s stock worth $28,000 after purchasing an additional 354 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Brighthouse Financial by 66.5% in the second quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock worth $31,000 after buying an additional 226 shares during the period. Danske Bank A S bought a new stake in Brighthouse Financial during the 3rd quarter valued at $37,000. Jones Financial Companies Lllp boosted its position in Brighthouse Financial by 835.2% during the 1st quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock valued at $48,000 after buying an additional 735 shares during the period. Finally, Meteora Capital LLC bought a new stake in Brighthouse Financial in the 4th quarter worth $65,000. 81.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Barclays cut Brighthouse Financial from an “overweight” rating to an “equal weight” rating and set a $65.00 price target on the stock. in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brighthouse Financial in a research note on Monday, December 29th. Zacks Research raised shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 17th. Raymond James Financial reaffirmed a “market perform” rating on shares of Brighthouse Financial in a research report on Wednesday, November 12th. Finally, Keefe, Bruyette & Woods raised their price target on Brighthouse Financial from $50.00 to $70.00 and gave the company a “market perform” rating in a research report on Friday, November 7th. Eight analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Brighthouse Financial presently has an average rating of “Reduce” and an average target price of $63.67.

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.