Brighthouse Financial (NASDAQ:BHF) Releases Quarterly Earnings Results, Beats Estimates By $1.32 EPS

Brighthouse Financial (NASDAQ:BHF - Get Free Report) announced its earnings results on Tuesday. The company reported $5.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.56 by $1.32, Zacks reports. Brighthouse Financial had a positive return on equity of 23.54% and a negative net margin of 24.40%.

Brighthouse Financial Price Performance

Shares of BHF stock traded up $3.40 during trading hours on Friday, hitting $62.14. The company had a trading volume of 1,262,147 shares, compared to its average volume of 757,502. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of -3.06 and a beta of 1.10. Brighthouse Financial has a 12 month low of $40.00 and a 12 month high of $64.00. The firm's fifty day moving average is $51.84 and its 200 day moving average is $48.47. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.92 and a current ratio of 0.92.

Insider Buying and Selling

In other Brighthouse Financial news, EVP Myles Lambert sold 8,400 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $51.70, for a total value of $434,280.00. Following the transaction, the executive vice president now directly owns 33,407 shares in the company, valued at approximately $1,727,141.90. This trade represents a 20.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Rosenthal sold 10,000 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $61.00, for a total value of $610,000.00. Following the completion of the transaction, the executive vice president now owns 66,262 shares in the company, valued at $4,041,982. The trade was a 13.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on BHF shares. Keefe, Bruyette & Woods lifted their price target on Brighthouse Financial from $48.00 to $60.00 and gave the company a "market perform" rating in a report on Wednesday, January 29th. Barclays upgraded Brighthouse Financial from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $52.00 to $85.00 in a research note on Wednesday, January 29th. Piper Sandler upped their price target on Brighthouse Financial from $52.00 to $60.00 and gave the stock a "neutral" rating in a research note on Thursday. JPMorgan Chase & Co. cut their price objective on Brighthouse Financial from $59.00 to $56.00 and set an "underweight" rating for the company in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company cut their price target on Brighthouse Financial from $42.00 to $41.00 and set an "underweight" rating for the company in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $58.75.

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 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.