Brighthouse Financial (NASDAQ:BHFAP) Stock Price Up 1% – Still a Buy?
by Kim Johansen · The Markets DailyBrighthouse Financial, Inc. (NASDAQ:BHFAP – Get Free Report)’s stock price was up 1% during trading on Tuesday . The stock traded as high as $15.09 and last traded at $15.09. Approximately 154,571 shares traded hands during trading, an increase of 107% from the average daily volume of 74,795 shares. The stock had previously closed at $14.94.
Brighthouse Financial Stock Performance
The stock’s 50 day moving average price is $15.77 and its 200 day moving average price is $16.76.
Brighthouse Financial (NASDAQ:BHFAP – Get Free Report) last released its earnings results on Thursday, February 10th. The company reported $2.10 earnings per share (EPS) for the quarter. The company had revenue of $2.15 billion for the quarter.
Brighthouse Financial Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 10th were issued a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a yield of 10.8%. The ex-dividend date was Wednesday, December 10th.
About Brighthouse Financial
Brighthouse Financial, Inc is a U.S.-based provider of retirement and protection solutions, formed in August 2017 as a spin-off from MetLife, Inc Headquartered in Charlotte, North Carolina, the company focuses on helping individuals and families secure their financial futures through a range of insurance and annuity products. Since its inception, Brighthouse Financial has operated independently, building its own brand and capabilities in the quickly evolving retirement-services market.
The company’s core business centers on the design, manufacture and distribution of fixed annuities, fixed indexed annuities and other guaranteed retirement-income products.