BHF has 36-month beta value of 1.14. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 11 as “hold,” and 0 as “sell.”
The public float for BHF is 62.16M, and currently, short sellers hold a 2.10% ratio of that float. The average trading volume of BHF on April 25, 2024 was 427.58K shares.
BHF) stock’s latest price update
The stock price of Brighthouse Financial Inc (NASDAQ: BHF) has jumped by 1.20 compared to previous close of 49.90. Despite this, the company has seen a gain of 7.58% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-16 that Brighthouse Financial (BHF) remains poised to gain from higher annuity and life insurance sales, a well-diversified portfolio and effective capital deployment.
BHF’s Market Performance
BHF’s stock has risen by 7.58% in the past week, with a monthly rise of 3.00% and a quarterly drop of -2.70%. The volatility ratio for the week is 2.74% while the volatility levels for the last 30 days are 2.51% for Brighthouse Financial Inc. The simple moving average for the past 20 days is 1.98% for BHF’s stock, with a 1.65% simple moving average for the past 200 days.
Analysts’ Opinion of BHF
Many brokerage firms have already submitted their reports for BHF stocks, with Morgan Stanley repeating the rating for BHF by listing it as a “Underweight.” The predicted price for BHF in the upcoming period, according to Morgan Stanley is $52 based on the research report published on February 23, 2024 of the current year 2024.
Keefe Bruyette, on the other hand, stated in their research note that they expect to see BHF reach a price target of $50, previously predicting the price at $54. The rating they have provided for BHF stocks is “Underperform” according to the report published on December 15th, 2023.
Goldman gave a rating of “Sell” to BHF, setting the target price at $43 in the report published on September 21st of the previous year.
BHF Trading at 4.59% from the 50-Day Moving Average
After a stumble in the market that brought BHF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.21% of loss for the given period.
Volatility was left at 2.51%, however, over the last 30 days, the volatility rate increased by 2.74%, as shares surge +2.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.54% lower at present.
During the last 5 trading sessions, BHF rose by +7.58%, which changed the moving average for the period of 200-days by +5.36% in comparison to the 20-day moving average, which settled at $49.57. In addition, Brighthouse Financial Inc saw -4.57% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BHF starting from Steigerwalt Eric T, who sale 25,000 shares at the price of $46.96 back on Feb 26 ’24. After this action, Steigerwalt Eric T now owns 390,765 shares of Brighthouse Financial Inc, valued at $1,174,012 using the latest closing price.
Lambert Myles, the EVP,Chief Mktg.& Dist. Officer of Brighthouse Financial Inc, sale 10,000 shares at $47.11 during a trade that took place back on Feb 26 ’24, which means that Lambert Myles is holding 61,984 shares at $471,100 based on the most recent closing price.
Stock Fundamentals for BHF
Current profitability levels for the company are sitting at:
- -0.15 for the present operating margin
- 1.0 for the gross margin
The net margin for Brighthouse Financial Inc stands at -0.32. The total capital return value is set at -0.0. Equity return is now at value -20.37, with -0.48 for asset returns.
Based on Brighthouse Financial Inc (BHF), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at -0.04. The debt to equity ratio resting at 0.64. The interest coverage ratio of the stock is -3.4.
Currently, EBITDA for the company is -1.48 billion with net debt to EBITDA at 1.33. When we switch over and look at the enterprise to sales, we see a ratio of 0.72. The receivables turnover for the company is 0.17for trailing twelve months and the total asset turnover is 0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.85.
Conclusion
To put it simply, Brighthouse Financial Inc (BHF) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
