Brighthouse Financial, Inc. (BHF) – What Are Brokerages Saying About This Stock?

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF) have received a consensus rating of “Hold” from the seven research firms that are presently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $61.25.

A number of research analysts recently weighed in on the company. Wall Street Zen upgraded Brighthouse Financial to a “hold” rating in a report on Sunday, July 12th. JPMorgan Chase & Co. upgraded Brighthouse Financial from an “underweight” rating to a “neutral” rating and decreased their price objective for the company from $63.00 to $55.00 in a report on Thursday. Keefe, Bruyette & Woods lowered their target price on Brighthouse Financial from $57.00 to $55.00 and set a “market perform” rating on the stock in a research report on Thursday. Finally, Weiss Ratings cut Brighthouse Financial from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 10th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BHF. BlackRock Inc. acquired a new stake in shares of Brighthouse Financial in the 2nd quarter worth about $341,422,000. Dimensional Fund Advisors LP boosted its stake in Brighthouse Financial by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,555,823 shares of the company’s stock valued at $212,926,000 after purchasing an additional 60,791 shares during the last quarter. Hsbc Holdings PLC bought a new stake in Brighthouse Financial during the 2nd quarter worth approximately $54,895,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Brighthouse Financial by 64.5% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 642,800 shares of the company’s stock worth $38,491,000 after purchasing an additional 251,993 shares in the last quarter. Finally, Kryger Capital LLC purchased a new stake in shares of Brighthouse Financial in the first quarter worth approximately $30,104,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

Brighthouse Financial Stock Performance

Shares of BHF stock opened at $48.70 on Friday. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 3.89, a price-to-earnings-growth ratio of 0.63 and a beta of 0.83. Brighthouse Financial has a 52 week low of $44.51 and a 52 week high of $66.80. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average of $52.31 and a 200-day moving average of $59.02.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data on Wednesday, August 5th. The company reported $4.45 earnings per share for the quarter, missing the consensus estimate of $4.86 by ($0.41). Brighthouse Financial had a net margin of 12.49% and a return on equity of 17.24%. The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the firm earned $3.43 EPS. The business’s revenue was down 2.0% compared to the same quarter last year. On average, equities analysts forecast that Brighthouse Financial will post 18.91 earnings per share for the current year.

About Brighthouse Financial

Brighthouse Financial, Inc (NASDAQ: BHF) is a U.S.-based insurance holding company that provides annuities and life insurance products designed to help individuals and families address retirement income, financial protection and legacy-planning needs. The company primarily serves retail customers through independent distribution partners, including financial professionals and insurance agencies.

Brighthouse Financial’s offerings include fixed, variable and index-linked annuities, as well as life insurance products such as term life, universal life and variable universal life insurance.