Brighthouse Financial Inc (NASDAQ:BHF) insider Eric T. Steigerwalt bought 12,500 shares of the company’s stock in a transaction on Monday, August 12th. The shares were acquired at an average price of $34.04 per share, with a total value of $425,500.00. Following the transaction, the insider now directly owns 111,239 shares in the company, valued at approximately $3,786,575.56. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of BHF stock opened at $33.82 on Friday. Brighthouse Financial Inc has a 12-month low of $28.52 and a 12-month high of $47.33. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 4.22, a price-to-earnings-growth ratio of 0.36 and a beta of 2.04. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.27. The firm has a fifty day moving average of $36.83 and a 200-day moving average of $38.27.
Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings results on Monday, August 5th. The company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.33. Brighthouse Financial had a net margin of 9.61% and a return on equity of 6.74%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the business earned $1.68 EPS. Research analysts expect that Brighthouse Financial Inc will post 8.67 earnings per share for the current year.
Several analysts have commented on the stock. Citigroup set a $36.00 target price on shares of Brighthouse Financial and gave the company a “sell” rating in a research report on Thursday, May 23rd. Zacks Investment Research lowered shares of Brighthouse Financial from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. BidaskClub raised shares of Brighthouse Financial from a “hold” rating to a “buy” rating in a report on Tuesday, July 16th. Wells Fargo & Co reissued a “hold” rating and issued a $45.00 price target on shares of Brighthouse Financial in a report on Tuesday, May 7th. Finally, TheStreet raised shares of Brighthouse Financial from a “d+” rating to a “c-” rating in a report on Thursday, April 25th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $38.11.
Hedge funds have recently made changes to their positions in the company. Signaturefd LLC boosted its stake in Brighthouse Financial by 387.3% in the 1st quarter. Signaturefd LLC now owns 731 shares of the company’s stock worth $27,000 after purchasing an additional 581 shares during the period. Arrow Financial Corp acquired a new position in Brighthouse Financial in the 1st quarter worth $36,000. Altshuler Shaham Ltd acquired a new position in Brighthouse Financial in the 2nd quarter worth $170,000. Strs Ohio boosted its stake in Brighthouse Financial by 34.6% in the 1st quarter. Strs Ohio now owns 1,440 shares of the company’s stock worth $52,000 after purchasing an additional 370 shares during the period. Finally, Ossiam acquired a new position in Brighthouse Financial in the 2nd quarter worth $60,000. 87.39% of the stock is owned by institutional investors.
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 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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