Brighthouse Financial (NASDAQ:BHF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
According to Zacks, “Brighthouse Financial, Inc. provides life insurance and annuity solutions primarily in the United States. The Company offers shield, variable, guaranteed, income, and fixed annuities as well as life insurance, retirement planning and financial advisory services. Brighthouse Financial, Inc. is based in Charlotte, North Carolina. “
Several other equities analysts have also recently commented on BHF. B. Riley reissued a “neutral” rating on shares of Brighthouse Financial in a research note on Monday, November 6th. ValuEngine cut shares of Brighthouse Financial from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th. JPMorgan Chase & Co. cut shares of Brighthouse Financial from a “neutral” rating to an “underweight” rating and set a $61.00 target price on the stock. in a research note on Tuesday, January 2nd. Deutsche Bank initiated coverage on shares of Brighthouse Financial in a research note on Tuesday, January 2nd. They set a “buy” rating and a $70.00 target price on the stock. Finally, BidaskClub raised shares of Brighthouse Financial from a “strong sell” rating to a “sell” rating in a research note on Saturday, January 6th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $65.88.
Brighthouse Financial (NASDAQ BHF) opened at $52.38 on Tuesday. The company has a market cap of $6,270.00 and a PE ratio of -16.58. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.47 and a current ratio of 0.47. Brighthouse Financial has a 52 week low of $50.76 and a 52 week high of $75.00.
Brighthouse Financial (NASDAQ:BHF) last released its earnings results on Monday, February 12th. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($1.73). The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $2.01 billion. The business’s revenue was up 240.0% on a year-over-year basis. equities research analysts forecast that Brighthouse Financial will post 9.3 earnings per share for the current year.
An institutional investor recently bought a new position in Brighthouse Financial stock. Elkfork Partners LLC acquired a new stake in shares of Brighthouse Financial Inc (NASDAQ:BHF) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,296 shares of the company’s stock, valued at approximately $310,000. Institutional investors and hedge funds own 83.52% of the company’s stock.
Brighthouse Financial Company Profile
Brighthouse Financial, Inc is a provider of life insurance and annuity products in the United States. The Company offers a range of products and services, which include variable, fixed, index-linked and income annuities, as well as variable, universal, term and whole life products. These products and services are marketed through various third party retail distribution channels in the United States.
Receive News & Ratings for Brighthouse Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brighthouse Financial and related companies with MarketBeat.com's FREE daily email newsletter.