Brighthouse Financial, Inc. (NASDAQ:BHF) Given Average Rating of “Hold” by Brokerages

Shares of Brighthouse Financial, Inc. (NASDAQ:BHFGet Rating) have been given an average recommendation of “Hold” by the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $59.00.

A number of research firms have commented on BHF. The Goldman Sachs Group lifted their target price on Brighthouse Financial from $55.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, April 5th. Morgan Stanley reduced their target price on Brighthouse Financial from $65.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Friday, April 8th. Piper Sandler lifted their target price on Brighthouse Financial from $47.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, May 27th. Barclays reduced their target price on Brighthouse Financial from $61.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 12th. Finally, Wells Fargo & Company upgraded Brighthouse Financial from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $53.00 to $54.00 in a research report on Tuesday, April 12th.

Shares of NASDAQ:BHF opened at $39.29 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.53 and a quick ratio of 0.53. The business’s 50 day moving average price is $49.34 and its 200-day moving average price is $51.48. The firm has a market capitalization of $2.94 billion, a PE ratio of 3.05 and a beta of 1.37. Brighthouse Financial has a 1 year low of $38.82 and a 1 year high of $62.33.

Brighthouse Financial (NASDAQ:BHFGet Rating) last issued its quarterly earnings results on Monday, May 9th. The company reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.27 by $0.52. Brighthouse Financial had a return on equity of 11.56% and a net margin of 12.49%. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the previous year, the company posted $4.86 earnings per share. The business’s revenue was down 5.5% on a year-over-year basis. As a group, analysts expect that Brighthouse Financial will post 14.76 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in BHF. Bank of America Corp DE boosted its position in shares of Brighthouse Financial by 1.3% in the 1st quarter. Bank of America Corp DE now owns 202,459 shares of the company’s stock valued at $10,460,000 after purchasing an additional 2,518 shares during the period. Walleye Capital LLC acquired a new stake in shares of Brighthouse Financial in the 1st quarter valued at about $1,170,000. Nomura Holdings Inc. acquired a new stake in shares of Brighthouse Financial in the 1st quarter valued at about $3,363,000. Point72 Hong Kong Ltd acquired a new stake in shares of Brighthouse Financial in the 1st quarter valued at about $199,000. Finally, Quantbot Technologies LP purchased a new stake in Brighthouse Financial during the 1st quarter valued at approximately $151,000. 81.47% of the stock is owned by institutional investors and hedge funds.

About Brighthouse Financial (Get Rating)

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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