Brighthouse Financial (NASDAQ:BHF) Hits New 12-Month Low – What’s Next?

Brighthouse Financial, Inc. (NASDAQ:BHF)’s stock price reached a new 52-week low during trading on Thursday. The stock traded as low as $45.64 and last traded at $45.8610, with a volume of 96,347 shares changing hands. The stock had previously closed at $46.96.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Brighthouse Financial from $57.00 to $55.00 and set a “market perform” rating for the company in a report on Thursday, October 15th. JPMorgan Chase & Co. upgraded shares of Brighthouse Financial from an “underweight” rating to a “neutral” rating and dropped their price objective for the stock from $63.00 to $55.00 in a report on Thursday, October 15th. Wall Street Zen upgraded shares of Brighthouse Financial to a “hold” rating in a report on Sunday, July 12th. Finally, Weiss Ratings lowered shares of Brighthouse Financial from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 10th. Seven research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $61.25.

Brighthouse Financial Price Performance

The company has a market cap of $2.61 billion, a P/E ratio of 3.62, a P/E/G ratio of 0.61 and a beta of 0.83. The stock has a 50-day simple moving average of $50.79 and a 200 day simple moving average of $58.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 0.96.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data on Wednesday, August 5th. The company reported $4.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.86 by ($0.41). The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $2.18 billion. Brighthouse Financial had a net margin of 12.49% and a return on equity of 17.24%. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.43 earnings per share. On average, equities analysts expect that Brighthouse Financial, Inc. will post 18.84 EPS for the current year.

Institutional Investors Weigh In On Brighthouse Financial

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of Brighthouse Financial in the 2nd quarter worth about $341,422,000. Dimensional Fund Advisors LP increased its position in shares of Brighthouse Financial by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,555,823 shares of the company’s stock worth $212,926,000 after purchasing an additional 60,791 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Brighthouse Financial during the 2nd quarter worth about $54,895,000. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Brighthouse Financial by 64.5% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 642,800 shares of the company’s stock valued at $38,491,000 after purchasing an additional 251,993 shares during the last quarter. Finally, Kryger Capital LLC bought a new position in Brighthouse Financial during the 1st quarter valued at about $30,104,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc (NASDAQ:BHF) is a U.S.-focused provider of annuities and life insurance products. The company serves individuals and institutions seeking solutions for retirement income, wealth preservation, protection and legacy planning.

Its annuity offerings include fixed, variable, income and registered index-linked annuities, including the Brighthouse Shield line of products. Brighthouse also provides life insurance products designed to offer death-benefit protection and, depending on the policy, cash-value accumulation and other financial-planning features.

Brighthouse Financial was established as an independent public company in 2017 after being separated from MetLife.