Brighthouse Financial, Inc. (NASDAQ: BHF – Get a rating) experienced a significant drop in short interest during the month of July. As of July 31, there was short interest totaling 2,120,000 shares, down 16.2% from the July 15 total of 2,530,000 shares. Based on an average trading volume of 686,700 shares, the day-to-cover ratio is currently 3.1 days. Approximately 2.9% of the company’s shares are sold short.
Institutional investors weigh in on Brighthouse Financial
A number of institutional investors have recently shifted their BHF holdings. Lazard Asset Management LLC increased its stake in Brighthouse Financial by 1,414.3% in Q2. Lazard Asset Management LLC now owns 636 shares of the company worth $26,000 after purchasing an additional 594 shares in the last quarter. Allworth Financial LP increased its stake in Brighthouse Financial by 451.5% in Q1. Allworth Financial LP now owns 535 shares of the company valued at $28,000 after purchasing an additional 438 shares during the period. Fifth Third Bancorp increased its stake in shares of Brighthouse Financial by 30.5% during the fourth quarter. Fifth Third Bancorp now owns 783 shares of the company valued at $41,000 after purchasing an additional 183 shares during the period. CM Bidwell & Associates Ltd. bought a new stake in shares of Brighthouse Financial in the 4th quarter for a value of approximately $45,000. Finally, Meeder Asset Management Inc. increased its position in shares of Brighthouse Financial by 42.4% in the 2nd quarter. Meeder Asset Management Inc. now owns 1,148 shares of the company worth $47,000 after acquiring 342 additional shares in the last quarter. 81.47% of the shares are held by institutional investors.
Brighthouse Financial Stock Performance
A d Tradewins
The safest option in the trades!
If you’re new to trading, you’ve probably heard the wrong word about options, that they’re risky, unpredictable, or difficult. And it couldn’t be more wrong! With the Hughes Optioneering strategy, you will soon learn that the safest option for new accounts is the options themselves!
Shares of NASDAQ:BHF traded at $0.88 during Friday’s trading, hitting $50.39. The stock had a trading volume of 413,584 shares, compared to an average volume of 570,945. The company has a quick ratio of 0.53, a current ratio of 0.57 and a leverage ratio of 0.31. . The stock has a fifty-day simple moving average of $42.85 and a two-hundred-day simple moving average of $48.51. The company has a market capitalization of $3.62 billion, a price-earnings ratio of 1.97 and a beta of 1.36. Brighthouse Financial has a 52-week low of $38.38 and a 52-week high of $62.33.
Brighthouse Financial (NASDAQ: BHF – Get a rating) last announced its quarterly results on Thursday, August 4. The company reported EPS of $0.33 for the quarter, missing analyst consensus estimates of $3.44 per ($3.11). The company posted revenue of $2.13 billion in the quarter, versus a consensus estimate of $2 billion. Brighthouse Financial had a net margin of 18.70% and a return on equity of 11.46%. The company’s revenues decreased by 11.0% compared to the same quarter last year. During the same period last year, the company earned earnings per share of $5.32. As a group, analysts expect Brighthouse Financial to post earnings per share of 9.87 for the current fiscal year.
Analyst upgrades and downgrades
A number of equity research analysts have commented on the company. JPMorgan Chase & Co. cut its price target on Brighthouse Financial from $59.00 to $50.00 in a Monday, July 11 report. Morgan Stanley cut its price target on Brighthouse Financial from $62.00 to $54.00 and set an “equal weight” rating for the company in a Wednesday, July 6 report. Evercore ISI cut its price target on shares of Brighthouse Financial from $57.00 to $52.00 and issued an “in-line” rating on the stock in a Wednesday, July 6 report. Piper Sandler lowered her target price on Brighthouse Financial from $50.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday, July 8. Finally, Barclays raised its price target on shares of Brighthouse Financial from $44.00 to $45.00 and gave the company an “equal weight” rating in a Monday, August 8 research note. Eight research analysts gave the stock a hold rating and one gave the company’s stock a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $54.70.
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 offers variable, fixed, indexed and income annuities for policyholders’ needs for tax-deferred protected wealth accumulation, wealth transfer and income security.
Featured articles
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected].
Before you consider Brighthouse Financial, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Brighthouse Financial wasn’t on the list.
Although Brighthouse Financial currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the five actions here
