Brighthouse Financial (NASDAQ:BHF) Stock Gets Price Target Trim from Keefe, Bruyette & Woods

Brighthouse Financial (NASDAQ:BHF) had its price objective trimmed by Keefe, Bruyette & Woods from $67.00 to $57.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a market perform rating on the stock.

BHF has been the subject of a number of other reports. Weiss Ratings downgraded shares of Brighthouse Financial from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 10th. Wall Street Zen upgraded shares of Brighthouse Financial to a “hold” rating in a research report on Sunday, July 12th. Six analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $64.00.

Brighthouse Financial Price Performance

Shares of BHF stock opened at $48.53 on Friday. The stock has a market cap of $2.79 billion, a P/E ratio of 3.87, a price-to-earnings-growth ratio of 0.64 and a beta of 0.83. Brighthouse Financial has a one year low of $44.51 and a one year high of $66.80. The stock has a fifty day moving average price of $53.43 and a 200 day moving average price of $59.36. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.96.

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

Institutional Investors Weigh In On Brighthouse Financial

Several large investors have recently modified their holdings of the stock. Byrne Asset Management LLC acquired a new stake in shares of Brighthouse Financial in the 3rd quarter valued at $235,000. QRG Capital Management Inc. increased its position in shares of Brighthouse Financial by 15.5% during the 2nd quarter. QRG Capital Management Inc. now owns 3,967 shares of the company’s stock worth $251,000 after purchasing an additional 532 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Brighthouse Financial by 41.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,241 shares of the company’s stock worth $458,000 after purchasing an additional 2,106 shares in the last quarter. Maven Securities LTD acquired a new stake in shares of Brighthouse Financial during the 2nd quarter worth about $1,914,000. Finally, Nykredit A S bought a new position in Brighthouse Financial during the 2nd quarter valued at about $170,000. 81.24% of the stock is currently owned by institutional investors.

Brighthouse Financial Company Profile

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.