Brighthouse Financial (NASDAQ:BHFAP) Trading 1% Higher – Still a Buy?

Brighthouse Financial, Inc. (NASDAQ:BHFAP) shot up 1% during mid-day trading on Tuesday . The company traded as high as $15.09 and last traded at $15.09. 154,571 shares changed hands during mid-day trading, an increase of 107% from the average session volume of 74,795 shares. The stock had previously closed at $14.94.

Brighthouse Financial Stock Performance

The firm has a 50-day moving average price of $15.77 and a 200 day moving average price of $16.77.

Brighthouse Financial (NASDAQ:BHFAP) last posted its earnings results on Thursday, February 10th. The company reported $2.10 earnings per share (EPS) for the quarter. The firm had revenue of $2.15 billion for the quarter.

Brighthouse Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 10th were paid a $0.4125 dividend. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $1.65 annualized dividend and a dividend yield of 10.9%.

Brighthouse Financial Company Profile

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.