Brighthouse Financial Inc (NASDAQ:BHF) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 5,966,000 shares, a growth of 13.4% from the July 31st total of 5,261,400 shares. Based on an average trading volume of 1,120,000 shares, the short-interest ratio is currently 5.3 days. Currently, 5.4% of the shares of the stock are short sold.

Shares of Brighthouse Financial stock traded up $1.14 during trading hours on Friday, reaching $40.63. 239,364 shares of the stock traded hands, compared to its average volume of 958,555. The company has a 50 day moving average price of $35.97 and a 200 day moving average price of $37.81. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 5.46, a P/E/G ratio of 0.40 and a beta of 2.06. Brighthouse Financial has a one year low of $28.52 and a one year high of $47.33. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.27.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings data on Monday, August 5th. The company reported $2.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.23 by $0.33. Brighthouse Financial had a return on equity of 6.74% and a net margin of 9.61%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the company posted $1.68 EPS. Sell-side analysts anticipate that Brighthouse Financial will post 8.67 earnings per share for the current year.

A number of equities research analysts recently weighed in on the company. BidaskClub raised Brighthouse Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, July 16th. Credit Suisse Group lowered shares of Brighthouse Financial from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $35.00 to $22.00 in a research report on Tuesday, June 25th. Bank of America lowered their price target on shares of Brighthouse Financial from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Goldman Sachs Group downgraded shares of Brighthouse Financial from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $39.00 to $32.00 in a report on Tuesday, June 25th. Finally, Citigroup lowered their target price on shares of Brighthouse Financial from $36.00 to $33.00 and set a “sell” rating on the stock in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $37.56.

In other Brighthouse Financial news, COO Conor Murphy bought 3,000 shares of Brighthouse Financial stock in a transaction on Thursday, August 22nd. The shares were acquired at an average price of $35.68 per share, for a total transaction of $107,040.00. Following the completion of the purchase, the chief operating officer now directly owns 20,902 shares in the company, valued at approximately $745,783.36. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Margaret M. Mccarthy bought 2,941 shares of Brighthouse Financial stock in a transaction on Wednesday, June 26th. The stock was acquired at an average price of $34.08 per share, for a total transaction of $100,229.28. Following the purchase, the director now owns 4,423 shares of the company’s stock, valued at $150,735.84. The disclosure for this purchase can be found here. Insiders have bought a total of 31,441 shares of company stock worth $1,091,409 over the last ninety days. Insiders own 0.23% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. ETF Managers Group LLC boosted its position in shares of Brighthouse Financial by 9.9% in the 1st quarter. ETF Managers Group LLC now owns 2,785 shares of the company’s stock valued at $101,000 after purchasing an additional 250 shares during the period. AGF Investments America Inc. boosted its holdings in Brighthouse Financial by 7.2% in the first quarter. AGF Investments America Inc. now owns 4,075 shares of the company’s stock valued at $148,000 after acquiring an additional 272 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Brighthouse Financial by 0.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 115,036 shares of the company’s stock valued at $4,221,000 after acquiring an additional 354 shares during the last quarter. Strs Ohio raised its position in Brighthouse Financial by 34.6% in the first quarter. Strs Ohio now owns 1,440 shares of the company’s stock valued at $52,000 after purchasing an additional 370 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD raised its position in Brighthouse Financial by 8.0% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,142 shares of the company’s stock valued at $259,000 after purchasing an additional 527 shares during the period. Institutional investors and hedge funds own 87.25% 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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