Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) - Equities researchers at Zacks Research lifted their FY2024 earnings per share estimates for shares of Brighthouse Financial in a note issued to investors on Thursday, November 28th. Zacks Research analyst T. De now anticipates that the company will earn $18.27 per share for the year, up from their prior forecast of $18.18. The consensus estimate for Brighthouse Financial's current full-year earnings is $18.47 per share. Zacks Research also issued estimates for Brighthouse Financial's Q4 2024 earnings at $4.46 EPS, Q3 2025 earnings at $5.10 EPS, Q4 2025 earnings at $5.32 EPS, FY2025 earnings at $20.01 EPS and FY2026 earnings at $22.62 EPS.
A number of other brokerages have also recently weighed in on BHF. Barclays began coverage on shares of Brighthouse Financial in a research note on Wednesday, September 4th. They set an "equal weight" rating and a $48.00 price objective for the company. Piper Sandler increased their price objective on Brighthouse Financial from $44.00 to $47.00 and gave the company a "neutral" rating in a research note on Wednesday, October 2nd. Evercore ISI cut their target price on shares of Brighthouse Financial from $56.00 to $52.00 and set an "in-line" rating for the company in a research note on Thursday, August 8th. Keefe, Bruyette & Woods decreased their price target on shares of Brighthouse Financial from $47.00 to $43.00 and set a "market perform" rating on the stock in a research note on Wednesday, August 14th. Finally, Wells Fargo & Company boosted their price objective on shares of Brighthouse Financial from $40.00 to $41.00 and gave the company an "underweight" rating in a research report on Thursday, October 10th. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $50.63.
Get Our Latest Analysis on BHF
Brighthouse Financial Price Performance
NASDAQ:BHF traded up $0.11 during mid-day trading on Monday, hitting $52.38. 373,741 shares of the company's stock traded hands, compared to its average volume of 424,928. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $3.11 billion, a PE ratio of -2.59 and a beta of 1.05. The firm's 50 day simple moving average is $48.29 and its 200 day simple moving average is $45.77. Brighthouse Financial has a 1 year low of $40.00 and a 1 year high of $56.24.
Brighthouse Financial (NASDAQ:BHF - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $3.99 earnings per share for the quarter, missing the consensus estimate of $4.50 by ($0.51). The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.21 billion. Brighthouse Financial had a negative net margin of 24.40% and a positive return on equity of 23.54%. During the same period last year, the company posted $4.18 EPS.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp boosted its position in Brighthouse Financial by 2.2% in the 3rd quarter. State Street Corp now owns 2,314,905 shares of the company's stock valued at $104,240,000 after buying an additional 50,441 shares during the last quarter. American Century Companies Inc. boosted its holdings in Brighthouse Financial by 21.9% in the second quarter. American Century Companies Inc. now owns 1,273,882 shares of the company's stock valued at $55,210,000 after purchasing an additional 228,814 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Brighthouse Financial by 0.7% in the third quarter. Geode Capital Management LLC now owns 1,091,462 shares of the company's stock valued at $49,160,000 after purchasing an additional 8,004 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in Brighthouse Financial by 75.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 623,607 shares of the company's stock valued at $27,027,000 after purchasing an additional 269,062 shares in the last quarter. Finally, Two Sigma Advisers LP increased its holdings in Brighthouse Financial by 12.6% during the 3rd quarter. Two Sigma Advisers LP now owns 320,700 shares of the company's stock worth $14,441,000 after purchasing an additional 35,800 shares during the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Brighthouse Financial
In other news, EVP John Rosenthal sold 4,265 shares of the business's stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $46.04, for a total transaction of $196,360.60. Following the completion of the sale, the executive vice president now owns 86,262 shares in the company, valued at approximately $3,971,502.48. The trade was a 4.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.40% of the company's stock.
About Brighthouse Financial
(
Get Free Report)
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.
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