Shares of Brighthouse Financial Inc (NASDAQ:BHF) fell 5.4% during trading on Thursday . The company traded as low as $41.29 and last traded at $41.70. 1,161,081 shares were traded during trading, an increase of 3% from the average session volume of 1,124,794 shares. The stock had previously closed at $44.06.

A number of research firms have commented on BHF. BidaskClub raised shares of Brighthouse Financial from a “strong sell” rating to a “sell” rating in a research note on Friday, September 21st. Bank of America reissued a “neutral” rating and issued a $47.00 price target on shares of Brighthouse Financial in a research report on Wednesday, October 3rd. ValuEngine lowered shares of Brighthouse Financial from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Barclays lowered shares of Brighthouse Financial from an “overweight” rating to an “underweight” rating and set a $60.00 price target for the company. in a research report on Friday, August 10th. Finally, Morgan Stanley reduced their price target on shares of Brighthouse Financial from $60.00 to $58.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 11th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $56.43.

The company has a debt-to-equity ratio of 0.27, a current ratio of 0.46 and a quick ratio of 0.46. The firm has a market cap of $4.99 billion, a P/E ratio of 6.47, a P/E/G ratio of 0.31 and a beta of 1.98.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings results on Monday, August 6th. The company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.96 by ($0.69). Brighthouse Financial had a negative net margin of 7.88% and a positive return on equity of 5.58%. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.05 billion. The company’s revenue was down .7% compared to the same quarter last year. On average, equities research analysts expect that Brighthouse Financial Inc will post 8.22 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in BHF. State of Alaska Department of Revenue grew its stake in shares of Brighthouse Financial by 8.5% in the second quarter. State of Alaska Department of Revenue now owns 23,787 shares of the company’s stock worth $952,000 after acquiring an additional 1,865 shares during the last quarter. Glen Harbor Capital Management LLC lifted its position in Brighthouse Financial by 21.3% in the second quarter. Glen Harbor Capital Management LLC now owns 15,096 shares of the company’s stock worth $605,000 after purchasing an additional 2,652 shares during the period. First Hawaiian Bank bought a new position in Brighthouse Financial in the third quarter worth $142,000. Verition Fund Management LLC lifted its position in Brighthouse Financial by 61.4% in the second quarter. Verition Fund Management LLC now owns 8,736 shares of the company’s stock worth $350,000 after purchasing an additional 3,325 shares during the period. Finally, Hexavest Inc. bought a new position in Brighthouse Financial in the second quarter worth $158,000. Institutional investors own 87.41% of the company’s stock.

Brighthouse Financial Company Profile (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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