Brighthouse Financial (NASDAQ:BHF) Releases Quarterly Earnings Results

Brighthouse Financial (NASDAQ:BHF) issued its quarterly earnings results on Tuesday. The company reported $4.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.96 by $0.29, Briefing.com reports. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.14 billion. Brighthouse Financial had a positive return on equity of 20.71% and a negative net margin of 27.01%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the company posted $2.86 EPS.

Brighthouse Financial Price Performance

BHF stock opened at $51.07 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a 50 day moving average price of $48.59 and a 200-day moving average price of $49.86. Brighthouse Financial has a 52-week low of $39.24 and a 52-week high of $56.24. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of -2.75 and a beta of 1.14.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BHF. Piper Sandler upped their price objective on Brighthouse Financial from $48.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Wells Fargo & Company increased their price target on shares of Brighthouse Financial from $49.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $50.00 price objective on shares of Brighthouse Financial in a report on Friday, February 16th. Finally, Morgan Stanley lowered shares of Brighthouse Financial from an “equal weight” rating to an “underweight” rating and set a $52.00 target price on the stock. in a report on Friday, February 23rd. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $51.14.

Insider Activity at Brighthouse Financial

In related news, EVP Vonda Huss sold 10,000 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $46.85, for a total transaction of $468,500.00. Following the sale, the executive vice president now directly owns 27,080 shares of the company’s stock, valued at approximately $1,268,698. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Brighthouse Financial news, CEO Eric T. Steigerwalt sold 25,000 shares of Brighthouse Financial stock in a transaction on Monday, February 26th. The stock was sold at an average price of $46.96, for a total value of $1,174,000.00. Following the completion of the sale, the chief executive officer now owns 390,765 shares of the company’s stock, valued at approximately $18,350,324.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Vonda Huss sold 10,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $46.85, for a total value of $468,500.00. Following the completion of the transaction, the executive vice president now owns 27,080 shares of the company’s stock, valued at approximately $1,268,698. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

About Brighthouse Financial

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.