Brighthouse Financial Inc (NASDAQ:BHF) Short Interest Update

Brighthouse Financial Inc (NASDAQ:BHF) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 3,960,000 shares, a decline of 6.6% from the December 15th total of 4,240,000 shares. Based on an average daily volume of 1,260,000 shares, the days-to-cover ratio is currently 3.1 days. Approximately 3.7% of the shares of the company are sold short.

Shares of BHF stock traded down $0.12 during trading hours on Thursday, reaching $40.35. 18,711 shares of the company’s stock were exchanged, compared to its average volume of 968,406. Brighthouse Financial has a fifty-two week low of $32.53 and a fifty-two week high of $44.12. The stock has a market capitalization of $4.31 billion, a P/E ratio of 5.47, a P/E/G ratio of 0.37 and a beta of 2.07. The business has a fifty day moving average price of $40.14 and a 200-day moving average price of $38.37. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.25.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.11. Brighthouse Financial had a return on equity of 6.21% and a net margin of 17.25%. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period in the previous year, the company earned $2.23 earnings per share. As a group, research analysts expect that Brighthouse Financial will post 9.41 EPS for the current fiscal year.

Several research firms recently weighed in on BHF. Credit Suisse Group upgraded Brighthouse Financial from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $22.00 to $34.00 in a report on Friday, January 3rd. ValuEngine upgraded Brighthouse Financial from a “strong sell” rating to a “sell” rating in a report on Friday, December 27th. Wells Fargo & Co lowered Brighthouse Financial from an “equal weight” rating to an “underweight” rating and set a $40.00 target price for the company. in a report on Monday, January 6th. BidaskClub lowered Brighthouse Financial from a “buy” rating to a “hold” rating in a report on Friday, December 27th. Finally, Goldman Sachs Group upgraded Brighthouse Financial from a “sell” rating to a “neutral” rating and upped their price target for the stock from $30.00 to $41.00 in a report on Wednesday, January 8th. Three equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $39.33.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BHF. Commonwealth Equity Services LLC grew its holdings in Brighthouse Financial by 4.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 6,798 shares of the company’s stock valued at $275,000 after purchasing an additional 276 shares during the last quarter. DNB Asset Management AS boosted its position in Brighthouse Financial by 0.7% during the third quarter. DNB Asset Management AS now owns 42,714 shares of the company’s stock worth $1,729,000 after acquiring an additional 299 shares during the last quarter. Usca Ria LLC boosted its position in Brighthouse Financial by 0.8% during the third quarter. Usca Ria LLC now owns 46,894 shares of the company’s stock worth $1,898,000 after acquiring an additional 350 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Brighthouse Financial by 40.4% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,219 shares of the company’s stock worth $49,000 after acquiring an additional 351 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Brighthouse Financial by 40.4% during the third quarter. Tower Research Capital LLC TRC now owns 2,461 shares of the company’s stock worth $99,000 after acquiring an additional 708 shares during the last quarter. Institutional investors and hedge funds own 86.04% of the company’s stock.

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 offers 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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