Brighthouse Financial (NASDAQ:BHF) Stock Price Down 9.1%

Brighthouse Financial, Inc. (NASDAQ:BHF) traded down 9.1% on Wednesday . The stock traded as low as $45.78 and last traded at $46.44. 253,571 shares traded hands during trading, a decline of 43% from the average session volume of 447,302 shares. The stock had previously closed at $51.07.

Wall Street Analysts Forecast Growth

BHF has been the subject of a number of analyst reports. 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. Piper Sandler increased their price objective on shares of Brighthouse Financial from $48.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Wells Fargo & Company boosted their target price on Brighthouse Financial from $49.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. Finally, Morgan Stanley downgraded Brighthouse Financial from an “equal weight” rating to an “underweight” rating and set a $52.00 price target on the stock. in a report on Friday, February 23rd. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, Brighthouse Financial presently has a consensus rating of “Hold” and a consensus target price of $51.14.

Brighthouse Financial Price Performance

The firm has a market capitalization of $2.86 billion, a P/E ratio of -2.49 and a beta of 1.14. The stock’s 50 day simple moving average is $48.59 and its 200 day simple moving average is $49.86. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.80 and a current ratio of 0.80.

Brighthouse Financial (NASDAQ:BHF) last posted its earnings results on Tuesday, May 7th. The company reported $4.25 earnings per share for the quarter, topping analysts’ consensus estimates of $3.96 by $0.29. Brighthouse Financial had a positive return on equity of 20.71% and a negative net margin of 27.01%. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the business earned $2.86 earnings per share. Brighthouse Financial’s revenue was up 4.2% on a year-over-year basis. As a group, analysts expect that Brighthouse Financial, Inc. will post 17.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Brighthouse Financial

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BHF. Lindbrook Capital LLC increased its holdings in Brighthouse Financial by 412.3% in the 4th quarter. Lindbrook Capital LLC now owns 543 shares of the company’s stock valued at $29,000 after purchasing an additional 437 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Brighthouse Financial by 123.2% in the fourth quarter. Blue Trust Inc. now owns 732 shares of the company’s stock valued at $36,000 after buying an additional 404 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Brighthouse Financial in the 4th quarter valued at $60,000. Quadrant Capital Group LLC lifted its stake in Brighthouse Financial by 36.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,143 shares of the company’s stock worth $60,000 after acquiring an additional 303 shares in the last quarter. Finally, Quent Capital LLC boosted its holdings in Brighthouse Financial by 23.0% during the 4th quarter. Quent Capital LLC now owns 2,046 shares of the company’s stock valued at $108,000 after acquiring an additional 382 shares during the period. 81.24% of the stock is currently owned by institutional investors and hedge funds.

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.