Brighthouse Financial, Inc. (NASDAQ:BHF – Get Rating) has been assigned a consensus rating of "Hold" from the eleven brokerages that are currently covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $55.10.
A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of Brighthouse Financial from $59.00 to $50.00 in a report on Monday, July 11th. Barclays raised their price target on shares of Brighthouse Financial from $44.00 to $45.00 and gave the company an "equal weight" rating in a report on Monday, August 8th. Evercore ISI lowered their price target on shares of Brighthouse Financial from $57.00 to $52.00 and set an "in-line" rating on the stock in a report on Wednesday, July 6th. Piper Sandler lowered their price target on shares of Brighthouse Financial from $50.00 to $43.00 and set a "neutral" rating on the stock in a report on Friday, July 8th. Finally, TheStreet upgraded shares of Brighthouse Financial from a "c" rating to a "b-" rating in a report on Monday, August 15th.
Get Brighthouse Financial alerts:Institutional Trading of Brighthouse Financial
Several institutional investors and hedge funds have recently bought and sold shares of the business. Independent Advisor Alliance lifted its stake in shares of Brighthouse Financial by 83.8% in the 1st quarter. Independent Advisor Alliance now owns 19,487 shares of the company's stock valued at $1,007,000 after purchasing an additional 8,885 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of Brighthouse Financial by 30.4% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 81,400 shares of the company's stock valued at $4,205,000 after purchasing an additional 19,000 shares during the period. Gillson Capital LP acquired a new position in shares of Brighthouse Financial in the 1st quarter valued at $3,238,000. Corsair Capital Management L.P. lifted its stake in shares of Brighthouse Financial by 145.0% in the 4th quarter. Corsair Capital Management L.P. now owns 15,687 shares of the company's stock valued at $813,000 after purchasing an additional 9,283 shares during the period. Finally, Swiss National Bank lifted its stake in shares of Brighthouse Financial by 3.2% in the 1st quarter. Swiss National Bank now owns 188,700 shares of the company's stock valued at $9,748,000 after purchasing an additional 5,800 shares during the period. 81.38% of the stock is currently owned by institutional investors and hedge funds.
Brighthouse Financial Trading Down 4.8 %
NASDAQ BHF opened at $44.68 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.57 and a current ratio of 0.57. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 1.75 and a beta of 1.30. The company's 50-day simple moving average is $46.73 and its two-hundred day simple moving average is $47.43. Brighthouse Financial has a one year low of $38.38 and a one year high of $62.33.Brighthouse Financial (NASDAQ:BHF – Get Rating) last posted its earnings results on Thursday, August 4th. The company reported $3.29 EPS for the quarter, beating analysts' consensus estimates of $2.83 by $0.46. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2 billion. Brighthouse Financial had a net margin of 18.70% and a return on equity of 11.46%. The company's revenue for the quarter was down 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $5.32 EPS. Equities analysts forecast that Brighthouse Financial will post 11.58 EPS for the current fiscal year.
Brighthouse Financial Company Profile
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Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment offers variable, fixed, index-linked, and income annuities for contract holders' needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security.
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