Shares of Brighthouse Financial Inc (NASDAQ:BHF) reached a new 52-week high and low during mid-day trading on Monday . The company traded as low as $49.47 and last traded at $49.31, with a volume of 495464 shares traded. The stock had previously closed at $51.40.
BHF has been the subject of a number of recent research reports. Zacks Investment Research downgraded Brighthouse Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, December 5th. JPMorgan Chase downgraded Brighthouse Financial from a “neutral” rating to an “underweight” rating and set a $61.00 target price for the company. in a research report on Tuesday, January 2nd. Deutsche Bank initiated coverage on Brighthouse Financial in a research report on Tuesday, January 2nd. They issued a “buy” rating and a $70.00 target price for the company. BidaskClub raised Brighthouse Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday, January 6th. Finally, Wells Fargo set a $64.00 target price on Brighthouse Financial and gave the stock a “hold” rating in a research report on Monday, February 12th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company’s stock. Brighthouse Financial currently has an average rating of “Hold” and an average target price of $65.56.
The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.25.
Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings results on Monday, February 12th. The company reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($1.73). The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $2.01 billion. Brighthouse Financial’s revenue was up 240.0% compared to the same quarter last year. research analysts expect that Brighthouse Financial Inc will post 9.3 EPS for the current fiscal year.
An institutional investor recently bought a new position in Brighthouse Financial stock. Elkfork Partners LLC purchased a new stake in Brighthouse Financial Inc (NASDAQ:BHF) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,296 shares of the company’s stock, valued at approximately $310,000. Hedge funds and other institutional investors own 84.54% of the company’s stock.
Brighthouse Financial Company Profile
Brighthouse Financial, Inc is a provider of life insurance and annuity products in the United States. The Company offers a range of products and services, which include variable, fixed, index-linked and income annuities, as well as variable, universal, term and whole life products. These products and services are marketed through various third party retail distribution channels in the United States.
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