Brighthouse Financial, Inc. (NASDAQ:BHF) Receives $63.70 Consensus Price Target from Brokerages

Brighthouse Financial, Inc. (NASDAQ:BHF) has received a consensus rating of “Reduce” from the eleven brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation and nine have given 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 $63.70.

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Brighthouse Financial from $52.00 to $53.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Barclays lowered Brighthouse Financial from an “overweight” rating to an “equal weight” rating and set a $65.00 price target for the company. in a report on Thursday. Keefe, Bruyette & Woods raised their price objective on Brighthouse Financial from $50.00 to $70.00 and gave the stock a “market perform” rating in a research note on Friday, November 7th. Raymond James Financial reaffirmed a “market perform” rating on shares of Brighthouse Financial in a research report on Wednesday, November 12th. Finally, Evercore ISI cut their price objective on Brighthouse Financial from $65.00 to $55.00 and set an “in-line” rating for the company in a research note on Thursday, October 9th.

Hedge Funds Weigh In On Brighthouse Financial

Several institutional investors have recently added to or reduced their stakes in BHF. Smartleaf Asset Management LLC lifted its holdings in shares of Brighthouse Financial by 66.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock valued at $31,000 after acquiring an additional 226 shares during the last quarter. Clearstead Advisors LLC raised its position in Brighthouse Financial by 540.4% during the third quarter. Clearstead Advisors LLC now owns 634 shares of the company’s stock valued at $34,000 after purchasing an additional 535 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of Brighthouse Financial by 225.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 664 shares of the company’s stock valued at $35,000 after purchasing an additional 460 shares during the last quarter. Danske Bank A S bought a new stake in shares of Brighthouse Financial in the 3rd quarter valued at approximately $37,000. Finally, IFP Advisors Inc boosted its holdings in shares of Brighthouse Financial by 1,900.0% in the 2nd quarter. IFP Advisors Inc now owns 740 shares of the company’s stock worth $40,000 after purchasing an additional 703 shares during the period. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Brighthouse Financial Stock Down 0.1%

BHF stock opened at $64.70 on Wednesday. The business has a 50 day moving average of $64.56 and a 200 day moving average of $54.42. The firm has a market cap of $3.70 billion, a PE ratio of 4.41 and a beta of 0.97. Brighthouse Financial has a twelve month low of $42.07 and a twelve month high of $66.33. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.49.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data on Friday, November 7th. The company reported $4.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.09 by ($0.55). Brighthouse Financial had a net margin of 15.39% and a return on equity of 20.59%. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period last year, the company posted $3.99 earnings per share. The business’s revenue was down 10.0% compared to the same quarter last year. On average, research analysts forecast that Brighthouse Financial will post 20.32 EPS for the current fiscal 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.