Brighthouse Financial, Inc. (NASDAQ:BHF – Get Free Report) CFO Edward A. Spehar sold 7,125 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $41.74, for a total value of $297,397.50. Following the completion of the sale, the chief financial officer now owns 37,640 shares of the company’s stock, valued at $1,571,093.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Brighthouse Financial Price Performance
Shares of Brighthouse Financial stock traded up $0.83 during trading on Thursday, reaching $42.17. 364,618 shares of the company’s stock were exchanged, compared to its average volume of 452,768. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.83 and a current ratio of 0.83. Brighthouse Financial, Inc. has a 1-year low of $40.24 and a 1-year high of $56.24. The company has a market cap of $2.62 billion, a P/E ratio of -2.17 and a beta of 1.08. The firm’s 50-day moving average price is $44.80 and its 200 day moving average price is $46.88.
Brighthouse Financial (NASDAQ:BHF – Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $5.57 EPS for the quarter, topping analysts’ consensus estimates of $4.36 by $1.21. Brighthouse Financial had a positive return on equity of 23.49% and a negative net margin of 38.05%. The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter in the previous year, the firm earned $4.13 EPS. Brighthouse Financial’s revenue was up 3.3% on a year-over-year basis. As a group, research analysts anticipate that Brighthouse Financial, Inc. will post 15.01 earnings per share for the current year.
Hedge Funds Weigh In On Brighthouse Financial
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. Evercore ISI reduced their price target on Brighthouse Financial from $56.00 to $52.00 and set an “in-line” rating for the company in a research note on Thursday, August 8th. JPMorgan Chase & Co. upped their target price on Brighthouse Financial from $58.00 to $59.00 and gave the company an “underweight” rating in a research report on Tuesday, July 2nd. Wells Fargo & Company downgraded Brighthouse Financial from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $51.00 to $40.00 in a research report on Monday. Keefe, Bruyette & Woods cut their target price on Brighthouse Financial from $47.00 to $43.00 and set a “market perform” rating for the company in a research report on Wednesday. Finally, Jefferies Financial Group upped their target price on Brighthouse Financial from $59.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $50.00.
Check Out Our Latest Stock Report on BHF
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.
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