Brighthouse Financial, Inc. (NASDAQ:BHF) Given Consensus Recommendation of “Reduce” by Analysts

Brighthouse Financial, Inc. (NASDAQ:BHF) has been assigned an average rating of “Reduce” from the ten research firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $60.50.

BHF has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Brighthouse Financial to a “hold” rating in a research report on Sunday, July 12th. Zacks Research raised Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Weiss Ratings downgraded Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 11th.

Brighthouse Financial Price Performance

Shares of NASDAQ:BHF opened at $63.45 on Friday. The company has a market capitalization of $3.65 billion, a PE ratio of -21.29 and a beta of 0.86. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a fifty day moving average of $63.59 and a 200-day moving average of $62.55. Brighthouse Financial has a one year low of $42.07 and a one year high of $66.80.

Brighthouse Financial (NASDAQ:BHF) last issued its earnings results on Wednesday, May 6th. The company reported $4.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.57 by ($0.22). The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.20 billion. Brighthouse Financial had a positive return on equity of 16.88% and a negative net margin of 1.10%.The business’s revenue was down 29.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.17 earnings per share. As a group, equities analysts anticipate that Brighthouse Financial will post 19.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Brighthouse Financial

A number of large investors have recently made changes to their positions in BHF. NewEdge Advisors LLC lifted its position in shares of Brighthouse Financial by 442.5% in the 4th quarter. NewEdge Advisors LLC now owns 434 shares of the company’s stock valued at $28,000 after acquiring an additional 354 shares in the last quarter. Bessemer Group Inc. grew its position in Brighthouse Financial by 390.3% during the 1st quarter. Bessemer Group Inc. now owns 505 shares of the company’s stock worth $30,000 after purchasing an additional 402 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Brighthouse Financial by 66.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock worth $31,000 after purchasing an additional 226 shares in the last quarter. Danske Bank A S purchased a new position in Brighthouse Financial during the 3rd quarter worth approximately $37,000. Finally, Jones Financial Companies Lllp raised its stake in Brighthouse Financial by 835.2% during the 1st quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock valued at $48,000 after purchasing an additional 735 shares during the period. Institutional investors and hedge funds own 81.24% of the company’s stock.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc is a U.S.-based life insurance company that specializes in retirement income solutions and annuity products. The firm was established in August 2017 as a spin-off from MetLife, Inc, and is headquartered in Charlotte, North Carolina. Since its separation, Brighthouse Financial has focused on providing products designed to help individuals and families manage retirement income needs, drawing on decades of experience in life insurance and annuity administration inherited from its parent company.

The company’s core product offerings include fixed indexed annuities, which allow policyholders to participate in market-linked gains while protecting against downside market risk, and single premium immediate annuities, which provide guaranteed lifetime income.