Brighthouse Financial (NASDAQ:BHF) Issues Quarterly Earnings Results, Beats Expectations By $0.29 EPS

Brighthouse Financial (NASDAQ:BHF - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $4.25 EPS for the quarter, topping the consensus estimate of $3.96 by $0.29, Briefing.com reports. Brighthouse Financial had a negative net margin of 27.01% and a positive return on equity of 20.71%. The company had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $2.14 billion. During the same quarter in the previous year, the company earned $2.86 EPS. Brighthouse Financial's revenue was up 4.2% on a year-over-year basis.

Brighthouse Financial Price Performance

Shares of BHF traded down $5.30 during trading hours on Wednesday, reaching $45.77. The stock had a trading volume of 1,309,450 shares, compared to its average volume of 459,668. The stock has a market capitalization of $2.86 billion, a PE ratio of -2.47 and a beta of 1.14. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.80 and a current ratio of 0.80. The company's 50-day moving average is $48.57 and its two-hundred day moving average is $49.83. Brighthouse Financial has a 12 month low of $39.24 and a 12 month high of $56.24.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BHF shares. Keefe, Bruyette & Woods restated an "underperform" rating and issued a $50.00 price target on shares of Brighthouse Financial in a research report on Friday, February 16th. Morgan Stanley lowered shares of Brighthouse Financial from an "equal weight" rating to an "underweight" rating and set a $52.00 price target on the stock. in a research note on Friday, February 23rd. Piper Sandler increased their price objective on Brighthouse Financial from $48.00 to $55.00 and gave the stock a "neutral" rating in a report on Friday, April 5th. Finally, Wells Fargo & Company lifted their price target on shares of Brighthouse Financial from $49.00 to $51.00 and gave the company an "equal weight" rating in a research note on Thursday, April 11th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $51.14.

Insiders Place Their Bets

In other Brighthouse Financial news, CEO Eric T. Steigerwalt sold 25,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $46.96, for a total transaction of $1,174,000.00. Following the completion of the sale, the chief executive officer now directly owns 390,765 shares in the company, valued at approximately $18,350,324.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Vonda Huss sold 10,000 shares of the business's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $46.85, for a total value of $468,500.00. Following the transaction, the executive vice president now directly owns 27,080 shares of the company's stock, valued at approximately $1,268,698. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Eric T. Steigerwalt sold 25,000 shares of the company's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $46.96, for a total value of $1,174,000.00. Following the completion of the transaction, the chief executive officer now owns 390,765 shares in the company, valued at approximately $18,350,324.40. The disclosure for this sale can be found here. Insiders own 1.40% of the company's stock.

Brighthouse Financial Company Profile

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.