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. The Life segment provides term, universal, whole, and variable life policies for policyholders' needs for financial security and protected wealth transfer. The Run-off segment manages structured settlements, pension risk transfer contracts, certain company-owned life insurance policies, funding agreements, and universal life with secondary guarantees. The company was incorporated in 2016 and is based in Charlotte, North Carolina.
Brighthouse Financial Stock Up 6.2 %
Shares of NASDAQ:BHF opened at $45.13 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 1.77 and a beta of 1.36. The stock has a 50 day moving average price of $42.91 and a 200 day moving average price of $48.70. Brighthouse Financial has a 52-week low of $38.38 and a 52-week high of $62.33.
Brighthouse Financial (NASDAQ:BHF - Get Rating) last announced its quarterly earnings results on Monday, May 9th. The company reported $4.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.53 by $0.54. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.26 billion. Brighthouse Financial had a return on equity of 10.54% and a net margin of 18.70%. Brighthouse Financial's quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.86 earnings per share. Sell-side analysts expect that Brighthouse Financial will post 9.87 earnings per share for the current year.
Wall Street Analyst Weigh In
BHF has been the topic of several analyst reports. Barclays reduced their price objective on Brighthouse Financial from $55.00 to $44.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 13th. Piper Sandler cut their target price on Brighthouse Financial from $50.00 to $43.00 and set a "neutral" rating on the stock in a research note on Friday, July 8th. Evercore ISI cut their target price on Brighthouse Financial from $57.00 to $52.00 and set an "in-line" rating on the stock in a research note on Wednesday, July 6th. JPMorgan Chase & Co. cut their target price on Brighthouse Financial from $59.00 to $50.00 in a research note on Monday, July 11th. Finally, Wells Fargo & Company raised Brighthouse Financial from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $53.00 to $54.00 in a research note on Tuesday, April 12th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $54.60.