Brighthouse Financial, Inc. (NASDAQ:BHF) Receives $59.67 Consensus PT from Brokerages

Brighthouse Financial, Inc. (NASDAQ:BHF) has received a consensus recommendation of “Hold” from the nine research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $59.6667.

Several equities research analysts have recently commented on BHF shares. Wells Fargo & Company upped their price target on shares of Brighthouse Financial from $53.00 to $54.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. Keefe, Bruyette & Woods reduced their price target on shares of Brighthouse Financial from $57.00 to $50.00 and set a “market perform” rating for the company in a research report on Monday, August 11th. Wall Street Zen lowered shares of Brighthouse Financial from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brighthouse Financial in a research report on Saturday, September 27th. Finally, JPMorgan Chase & Co. upped their price target on shares of Brighthouse Financial from $56.00 to $63.00 and gave the company an “underweight” rating in a research report on Tuesday, July 8th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Counterpoint Mutual Funds LLC bought a new position in shares of Brighthouse Financial during the 2nd quarter valued at approximately $406,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Brighthouse Financial by 7.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 195,895 shares of the company’s stock valued at $9,411,000 after buying an additional 14,316 shares during the period. Kawa Capital Management Inc purchased a new stake in Brighthouse Financial during the 2nd quarter valued at $8,066,000. GAMMA Investing LLC raised its holdings in Brighthouse Financial by 11.0% during the 1st quarter. GAMMA Investing LLC now owns 2,035 shares of the company’s stock valued at $118,000 after buying an additional 202 shares during the period. Finally, Teacher Retirement System of Texas purchased a new stake in Brighthouse Financial during the 1st quarter valued at $780,000. 81.24% of the stock is currently owned by institutional investors.

Brighthouse Financial Price Performance

BHF opened at $53.08 on Monday. The stock has a 50-day moving average price of $48.28 and a 200-day moving average price of $52.84. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market cap of $3.03 billion, a PE ratio of 5.74 and a beta of 0.86. Brighthouse Financial has a 1 year low of $42.07 and a 1 year high of $64.12.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings results on Thursday, August 7th. The company reported $3.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.70 by ($1.27). Brighthouse Financial had a return on equity of 21.06% and a net margin of 10.24%.The company had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the prior year, the firm earned $5.57 EPS. Brighthouse Financial’s revenue for the quarter was down 2.8% compared to the same quarter last year. Sell-side analysts predict that Brighthouse Financial will post 20.32 earnings per share for the current fiscal year.

Brighthouse Financial Company Profile

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 consists of 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.