Shares of Brighthouse Financial Inc (NASDAQ:BHF) reached a new 52-week low on Friday . The stock traded as low as $31.63 and last traded at $31.91, with a volume of 790900 shares changing hands. The stock had previously closed at $33.05.

Several analysts have weighed in on the company. BidaskClub cut Brighthouse Financial from a “sell” rating to a “strong sell” rating in a report on Wednesday. Morgan Stanley lowered their price target on Brighthouse Financial from $58.00 to $55.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 6th. Wells Fargo & Co set a $50.00 price target on Brighthouse Financial and gave the company a “hold” rating in a report on Monday, November 5th. Finally, Bank of America lowered their price target on Brighthouse Financial from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, November 6th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $56.07.

The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 5.13, a PEG ratio of 0.42 and a beta of 1.58. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.31.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings data on Monday, November 5th. The company reported $2.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.19 by $0.04. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Brighthouse Financial had a return on equity of 5.49% and a net margin of 1.33%. During the same period last year, the firm posted $3.31 EPS. On average, analysts anticipate that Brighthouse Financial Inc will post 8.04 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Brighthouse Financial by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 12,452,119 shares of the company’s stock valued at $550,882,000 after buying an additional 264,892 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of Brighthouse Financial by 2.2% during the 3rd quarter. Vanguard Group Inc now owns 12,452,119 shares of the company’s stock valued at $550,882,000 after buying an additional 264,892 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Brighthouse Financial during the 3rd quarter valued at about $472,593,000. Diamond Hill Capital Management Inc. purchased a new position in shares of Brighthouse Financial during the 3rd quarter valued at about $289,615,000. Finally, Franklin Resources Inc. raised its holdings in shares of Brighthouse Financial by 29.2% during the 3rd quarter. Franklin Resources Inc. now owns 4,890,582 shares of the company’s stock valued at $216,360,000 after buying an additional 1,104,460 shares in the last quarter. 90.58% of the stock is currently owned by institutional investors.

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About Brighthouse Financial (NASDAQ:BHF)

Brighthouse Financial, Inc provides a range of annuity and life insurance products in the United States. The company operates through three segments: Annuities, Life, and Run-off. It offers 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; and term, whole, universal, and variable life insurance products for policyholders' needs for financial security and protected wealth transfer.

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