Brighthouse Financial, Inc. (NASDAQ:BHF) Receives $60.50 Average PT from Brokerages

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF) have received a consensus rating of “Reduce” from the ten ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $60.50.

Several research analysts have commented on the stock. Weiss Ratings lowered shares of Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Zacks Research raised shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Wall Street Zen upgraded shares of Brighthouse Financial to a “hold” rating in a research report on Sunday, July 12th.

Institutional Trading of Brighthouse Financial

Several large investors have recently bought and sold shares of BHF. NewEdge Advisors LLC raised 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 worth $28,000 after acquiring an additional 354 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Brighthouse Financial by 390.3% during the first quarter. Bessemer Group Inc. now owns 505 shares of the company’s stock valued at $30,000 after purchasing an additional 402 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Brighthouse Financial by 66.5% in the second quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock worth $31,000 after purchasing an additional 226 shares during the period. Danske Bank A S bought a new position in Brighthouse Financial in the third quarter worth $37,000. Finally, Torren Management LLC bought a new position in Brighthouse Financial in the fourth quarter worth $50,000. 81.24% of the stock is owned by institutional investors.

Brighthouse Financial Price Performance

BHF opened at $61.91 on Friday. 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 market capitalization of $3.56 billion, a PE ratio of -20.78 and a beta of 0.86. The stock’s 50 day moving average price is $63.58 and its 200-day moving average price is $62.54. Brighthouse Financial has a 52-week low of $42.07 and a 52-week high of $66.80.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $4.35 EPS for the quarter, missing analysts’ consensus estimates of $4.57 by ($0.22). The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations 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 period in the previous year, the business earned $4.17 EPS. On average, equities research analysts predict that Brighthouse Financial will post 19.2 EPS for the current year.

About Brighthouse Financial

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.