Brighthouse Financial, Inc. (NASDAQ:BHF – Get Free Report) was the target of unusually large options trading activity on Thursday. Traders purchased 10,094 call options on the stock. This represents an increase of 692% compared to the typical daily volume of 1,275 call options.
Wall Street Analyst Weigh In
BHF has been the subject of several analyst reports. Wall Street Zen raised shares of Brighthouse Financial to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings cut shares of Brighthouse Financial from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 10th. Nine investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Brighthouse Financial presently has an average rating of “Reduce” and a consensus target price of $60.50.
View Our Latest Research Report on Brighthouse Financial
Institutional Inflows and Outflows
Brighthouse Financial Trading Up 2.6%
NASDAQ:BHF traded up $1.37 during midday trading on Thursday, reaching $53.36. 464,630 shares of the stock traded hands, compared to its average volume of 725,862. The stock has a market capitalization of $3.07 billion, a P/E ratio of 4.26, a PEG ratio of 0.69 and a beta of 0.84. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 0.96. The company has a fifty day moving average of $56.55 and a 200 day moving average of $60.14. Brighthouse Financial has a 12 month low of $44.51 and a 12 month high of $66.80.
Brighthouse Financial (NASDAQ:BHF – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $4.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.86 by ($0.41). The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $2.18 billion. Brighthouse Financial had a return on equity of 17.24% and a net margin of 12.49%.Brighthouse Financial’s revenue was down 2.0% on a year-over-year basis. During the same period last year, the business earned $3.43 EPS. On average, research analysts predict that Brighthouse Financial will post 18.91 EPS for the current year.
Brighthouse Financial Company Profile
Brighthouse Financial, Inc is a U.S.-based insurance company focused on helping individuals achieve financial security through annuity and life insurance products. The company serves retail customers, as well as institutions and distribution partners, through a network that includes independent agents, banks, broker-dealers and other financial professionals.
Brighthouse Financial offers fixed, indexed and variable annuities designed to provide retirement income, tax-deferred growth and death-benefit features.
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