Brighthouse Financial Inc (NASDAQ: BHF) is -1.11% lower on its value in year-to-date trading and has touched a low of $40.00 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 $52.42 in the last trading session, with the day’s loss setting it -0.09%.
Currently trading at $52.33, the stock is 3.28% and 9.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing -0.17% at the moment leaves the stock 12.51% off its SMA200. BHF registered 1.55% gain for a year compared to 6-month gain of 20.08%. The firm has a 50-day simple moving average (SMA 50) of $47.7844 and a 200-day simple moving average (SMA200) of $46.48315.
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The stock witnessed a 8.52% loss in the last 1 month and extending the period to 3 months gives it a 14.51%, and is 4.66% 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 2.57% over the week and 2.79% over the month.
Brighthouse Financial Inc (BHF) has around 1500 employees, a market worth around $3.11B and $4.92B in sales. Fwd P/E is 2.62. Profit margin for the company is -26.47%. Distance from 52-week low is 30.83% and -6.96% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.00%).
The EPS is expected to grow by 33.78% this year
536.0 institutions hold shares in Brighthouse Financial Inc (BHF), with institutional investors hold 82.68% of the company’s shares. The shares outstanding are 63.50M, and float is at 58.71M with Short Float at 2.03%. Institutions hold 81.76% of the Float.
The top institutional shareholder in the company is DODGE & COX with over 6.69 million shares valued at $289.89 million. The investor’s holdings represent 10.6109 of the BHF Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 6.2 million shares valued at $268.88 million to account for 9.8419 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 5.95 million shares representing 9.44 and valued at over $257.9 million, while DIMENSIONAL FUND ADVISORS LP holds 5.2703 of the shares totaling 3.32 million with a market value of $143.99 million.
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 Nov 26 ’24 at a price of $52.24 per share for a total of $1.31 million. Following the sale, the insider now owns 0.3 million shares.
Still, SEC filings show that on Nov 15 ’24, Spehar Edward A. (EVP & Chief Financial Officer) disposed off 7,125 shares at an average price of $50.98 for $0.36 million. The insider now directly holds 30,515 shares of Brighthouse Financial Inc (BHF).
