Brighthouse Financial, Inc. (NASDAQ:BHF) Receives Consensus Rating of “Hold” from Analysts

Brighthouse Financial, Inc. (NASDAQ:BHF – Get Rating) has received an average recommendation of “Hold” from the ten brokerages that are covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $54.60.

BHF has been the subject of several analyst reports. Wells Fargo & Company upgraded Brighthouse Financial from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $53.00 to $54.00 in a research note on Tuesday, April 12th. Piper Sandler lowered their price target on Brighthouse Financial from $50.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, July 8th. Evercore ISI lowered their price target on Brighthouse Financial from $57.00 to $52.00 and set an “in-line” rating on the stock in a report on Wednesday, July 6th. Morgan Stanley lowered their price target on Brighthouse Financial from $62.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 6th. Finally, Barclays decreased their price objective on Brighthouse Financial from $55.00 to $44.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 13th.

Brighthouse Financial Stock Up 6.2 %

Shares of NASDAQ:BHF opened at $45.13 on Friday. The company has a market capitalization of $3.38 billion, a PE ratio of 3.51 and a beta of 1.36. 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 has a fifty day moving average price of $42.91 and a two-hundred day moving average price of $48.75. Brighthouse Financial has a 1 year low of $38.38 and a 1 year high of $62.33.

Brighthouse Financial (NASDAQ:BHF – Get Rating) last announced its quarterly earnings data on Monday, May 9th. The company reported $4.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.53 by $0.54. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.26 billion. Brighthouse Financial had a return on equity of 11.56% and a net margin of 12.49%. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.86 EPS. Analysts forecast that Brighthouse Financial will post 9.87 earnings per share for the current year.

Institutional Investors Weigh In On Brighthouse Financial

Hedge funds have recently made changes to their positions in the company. Yousif Capital Management LLC bought a new position in Brighthouse Financial in the fourth quarter worth approximately $2,229,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Brighthouse Financial by 33.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,304 shares of the company’s stock valued at $637,000 after acquiring an additional 3,068 shares in the last quarter. Fifth Third Bancorp boosted its position in Brighthouse Financial by 30.5% during the 4th quarter. Fifth Third Bancorp now owns 783 shares of the company’s stock valued at $41,000 after acquiring an additional 183 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in Brighthouse Financial by 7.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 6,057 shares of the company’s stock valued at $314,000 after acquiring an additional 439 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Brighthouse Financial by 38.9% during the 4th quarter. American Century Companies Inc. now owns 254,275 shares of the company’s stock valued at $13,171,000 after acquiring an additional 71,236 shares in the last quarter. 81.47% of the stock is currently owned by hedge funds and other institutional investors.

Brighthouse Financial Company Profile

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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.