Brighthouse Financial Inc (NASDAQ: BHF) is -12.19% lower on its value in year-to-date trading and has touched a low of $40.24 and a high of $56.24 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BHF stock was last observed hovering at around $43.73 in the last trading session, with the day’s gains setting it 2.74%.
Currently trading at $46.47, the stock is 8.42% and 4.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.81 million and changing 6.27% at the moment leaves the stock -3.82% off its SMA200. BHF registered -3.05% loss for a year compared to 6-month loss of -12.67%.
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The stock witnessed a 8.42% gain in the last 1 month and extending the period to 3 months gives it a -7.52%, and is 5.90% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.73% over the week and 2.20% over the month.
Brighthouse Financial Inc (BHF) has around 1500 employees, a market worth around $2.89B and $2.91B in sales. Fwd P/E is 2.36. Profit margin for the company is -41.55%. Distance from 52-week low is 15.48% and -17.38% from its 52-week high. The company has generated returns on investments over the last 12 months (-16.44%).
The EPS is expected to shrink by -20.15% this year
The shares outstanding are 63.50M, and float is at 61.39M with Short Float at 2.18%.
Brighthouse Financial Inc (BHF) Insider Activity
The most recent transaction is an insider sale by Steigerwalt Eric T, the company’s President and CEO. SEC filings show that Steigerwalt Eric T sold 25,000 shares of the company’s common stock on Jun 03 ’24 at a price of $44.38 per share for a total of $1.11 million. Following the sale, the insider now owns 0.35 million shares.
Brighthouse Financial Inc disclosed in a document filed with the SEC on Jun 03 ’24 that Lambert Myles (EVP,Chief Mktg.& Dist. Officer) sold a total of 8,400 shares of the company’s common stock. The trade occurred on Jun 03 ’24 and was made at $44.30 per share for $0.37 million. Following the transaction, the insider now directly holds 50207.0 shares of the BHF stock.
Still, SEC filings show that on Jun 03 ’24, Rosenthal John (EVP & Chief Investment Officer) disposed off 5,000 shares at an average price of $45.12 for $0.23 million. The insider now directly holds 101,262 shares of Brighthouse Financial Inc (BHF).
