Brighthouse Financial (NASDAQ:BHF) Announces Earnings Results

Brighthouse Financial (NASDAQ:BHFGet Free Report) posted its quarterly earnings results on Monday. The company reported $2.92 EPS for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.91), Briefing.com reports. Brighthouse Financial had a positive return on equity of 20.78% and a negative net margin of 35.83%. During the same quarter last year, the firm earned $3.51 earnings per share.

Brighthouse Financial Stock Performance

Brighthouse Financial stock opened at $53.46 on Tuesday. The firm’s 50 day simple moving average is $52.48 and its 200 day simple moving average is $50.26. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.76. Brighthouse Financial has a 1-year low of $39.24 and a 1-year high of $60.54.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BHF shares. Keefe, Bruyette & Woods restated an “underperform” rating and set a $50.00 price target (down from $54.00) on shares of Brighthouse Financial in a report on Friday, December 15th. Wells Fargo & Company lowered their price objective on shares of Brighthouse Financial from $48.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, Brighthouse Financial presently has a consensus rating of “Hold” and a consensus price target of $50.29.

Read Our Latest Research Report on Brighthouse Financial

Hedge Funds Weigh In On Brighthouse Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of BHF. Norges Bank purchased a new position in Brighthouse Financial in the 4th quarter worth approximately $36,365,000. Royal Bank of Canada boosted its stake in shares of Brighthouse Financial by 71.0% in the 2nd quarter. Royal Bank of Canada now owns 1,598,567 shares of the company’s stock valued at $75,693,000 after purchasing an additional 663,882 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Brighthouse Financial in the 4th quarter valued at $25,936,000. Goldman Sachs Group Inc. boosted its stake in shares of Brighthouse Financial by 55.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 888,375 shares of the company’s stock valued at $45,894,000 after purchasing an additional 317,322 shares in the last quarter. Finally, Man Group plc boosted its stake in shares of Brighthouse Financial by 154.3% in the 4th quarter. Man Group plc now owns 396,629 shares of the company’s stock valued at $20,335,000 after purchasing an additional 240,685 shares in the last quarter. Hedge funds and other institutional investors own 79.77% of the company’s stock.

About Brighthouse Financial

(Get Free Report)

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 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.

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Earnings History for Brighthouse Financial (NASDAQ:BHF)

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