Brighthouse Financial (NASDAQ:BHF) Shares Down 8.1% - What's Next?

Brighthouse Financial, Inc. (NASDAQ:BHF - Get Free Report)'s share price dropped 8.1% on Tuesday . The company traded as low as $53.63 and last traded at $54.13. Approximately 2,158,170 shares traded hands during trading, an increase of 161% from the average daily volume of 827,544 shares. The stock had previously closed at $58.89.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BHF shares. Keefe, Bruyette & Woods raised their price target on Brighthouse Financial from $56.00 to $59.00 and gave the company a "market perform" rating in a report on Tuesday, May 13th. Wall Street Zen downgraded shares of Brighthouse Financial from a "buy" rating to a "hold" rating in a report on Saturday. UBS Group set a $72.00 target price on shares of Brighthouse Financial in a research report on Tuesday, March 18th. Wells Fargo & Company reduced their price target on shares of Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Finally, Barclays boosted their price target on Brighthouse Financial from $75.00 to $76.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Brighthouse Financial presently has an average rating of "Hold" and a consensus target price of $60.80.

Brighthouse Financial Price Performance

The firm has a market capitalization of $3.09 billion, a PE ratio of 6.46 and a beta of 0.92. The company has a 50-day moving average price of $57.34 and a 200-day moving average price of $55.01. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.91 and a quick ratio of 0.91.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $4.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.72 by ($0.55). The firm had revenue of $2.16 billion for the quarter, compared to analysts' expectations of $2.29 billion. Brighthouse Financial had a net margin of 8.71% and a return on equity of 25.60%. The business's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $4.25 EPS. Sell-side analysts forecast that Brighthouse Financial, Inc. will post 20.32 EPS for the current year.

Insider Transactions at Brighthouse Financial

In other Brighthouse Financial news, EVP Vonda Huss sold 3,000 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $59.51, for a total transaction of $178,530.00. Following the completion of the sale, the executive vice president now directly owns 18,441 shares in the company, valued at $1,097,423.91. This represents a 13.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc increased its holdings in Brighthouse Financial by 188.0% in the 1st quarter. Versant Capital Management Inc now owns 622 shares of the company's stock valued at $36,000 after purchasing an additional 406 shares in the last quarter. Aster Capital Management DIFC Ltd grew its stake in shares of Brighthouse Financial by 327.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company's stock valued at $44,000 after buying an additional 703 shares in the last quarter. Brooklyn Investment Group lifted its position in Brighthouse Financial by 42.0% during the 1st quarter. Brooklyn Investment Group now owns 764 shares of the company's stock worth $44,000 after acquiring an additional 226 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Brighthouse Financial by 835.2% during the 1st quarter. Jones Financial Companies Lllp now owns 823 shares of the company's stock worth $48,000 after acquiring an additional 735 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in Brighthouse Financial by 101.7% in the 1st quarter. UMB Bank n.a. now owns 1,200 shares of the company's stock worth $70,000 after acquiring an additional 605 shares during the period. Hedge funds and other institutional investors own 81.24% of the company's stock.

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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