Brighthouse Financial (NASDAQ:BHF) Announces Earnings Results, Beats Expectations By $1.32 EPS

Brighthouse Financial (NASDAQ:BHF) posted its earnings results on Tuesday. The company reported $5.88 EPS for the quarter, topping the consensus estimate of $4.56 by $1.32, Zacks reports. Brighthouse Financial had a negative net margin of 24.40% and a positive return on equity of 23.54%.

Brighthouse Financial Stock Performance

Shares of NASDAQ BHF traded down $0.49 during mid-day trading on Tuesday, hitting $58.49. The company had a trading volume of 843,416 shares, compared to its average volume of 686,679. Brighthouse Financial has a 12 month low of $40.00 and a 12 month high of $64.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market cap of $3.47 billion, a P/E ratio of -2.88 and a beta of 1.10. The business’s 50-day simple moving average is $51.17 and its 200-day simple moving average is $48.19.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BHF shares. JPMorgan Chase & Co. reduced their target price on Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating for the company in a report on Tuesday, January 7th. Keefe, Bruyette & Woods boosted their price objective on shares of Brighthouse Financial from $48.00 to $60.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 29th. Piper Sandler lowered their target price on shares of Brighthouse Financial from $55.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Jefferies Financial Group lowered shares of Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 target price for the company. in a research report on Monday, February 3rd. Finally, Barclays raised Brighthouse Financial from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $52.00 to $85.00 in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $57.75.

Insider Buying and Selling at Brighthouse Financial

In related news, EVP John Rosenthal sold 10,000 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $61.00, for a total value of $610,000.00. Following the sale, the executive vice president now owns 66,262 shares of the company’s stock, valued at $4,041,982. The trade was a 13.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Myles Lambert sold 8,400 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $51.70, for a total transaction of $434,280.00. Following the transaction, the executive vice president now owns 33,407 shares of the company’s stock, valued at approximately $1,727,141.90. This represents a 20.09 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

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.