Brighthouse Financial (NASDAQ:BHF) Stock Price Down 9.1%

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF) were down 9.1% on Wednesday . The company traded as low as $45.78 and last traded at $46.44. Approximately 253,571 shares traded hands during trading, a decline of 43% from the average daily volume of 447,302 shares. The stock had previously closed at $51.07.

Analyst Upgrades and Downgrades

Several research firms have commented on BHF. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and issued a $50.00 price target on shares of Brighthouse Financial in a report on Friday, February 16th. Piper Sandler upped their target price on Brighthouse Financial from $48.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Morgan Stanley downgraded shares of Brighthouse Financial from an “equal weight” rating to an “underweight” rating and set a $52.00 price target on the stock. in a research note on Friday, February 23rd. Finally, Wells Fargo & Company lifted their target price 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. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.14.

Brighthouse Financial Stock Down 10.3 %

The company has a debt-to-equity ratio of 0.63, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of -2.49 and a beta of 1.14. The firm has a 50 day moving average price of $48.59 and a 200-day moving average price of $49.86.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $4.25 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.29. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Brighthouse Financial had a positive return on equity of 20.71% and a negative net margin of 27.01%. Brighthouse Financial’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.86 earnings per share. As a group, equities analysts predict that Brighthouse Financial, Inc. will post 17.12 EPS for the current fiscal year.

Insider Transactions at Brighthouse Financial

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

Institutional Trading of Brighthouse Financial

A number of hedge funds have recently made changes to their positions in BHF. Lindbrook Capital LLC boosted its position in Brighthouse Financial by 412.3% during the fourth quarter. Lindbrook Capital LLC now owns 543 shares of the company’s stock worth $29,000 after purchasing an additional 437 shares during the period. Blue Trust Inc. boosted its holdings in shares of Brighthouse Financial by 123.2% during the 4th quarter. Blue Trust Inc. now owns 732 shares of the company’s stock worth $36,000 after buying an additional 404 shares during the period. GAMMA Investing LLC bought a new stake in shares of Brighthouse Financial during the 4th quarter worth about $60,000. Quadrant Capital Group LLC raised its holdings in Brighthouse Financial by 36.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,143 shares of the company’s stock valued at $60,000 after acquiring an additional 303 shares during the period. Finally, Quent Capital LLC lifted its position in Brighthouse Financial by 23.0% during the fourth quarter. Quent Capital LLC now owns 2,046 shares of the company’s stock worth $108,000 after acquiring an additional 382 shares during the last quarter. 81.24% of the stock is owned by institutional investors and hedge funds.

Brighthouse Financial Company Profile

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.