Wells Fargo analyst Elyse Greenspan maintained a Hold rating on Brighthouse Financial (BHF – Research Report) today and set a price target of $51.00. The company’s shares closed yesterday at $52.53.
Greenspan covers the Financial sector, focusing on stocks such as American International Group, Progressive, and Allstate. According to TipRanks, Greenspan has an average return of 10.5% and a 61.75% success rate on recommended stocks.
Brighthouse Financial has an analyst consensus of Moderate Sell, with a price target consensus of $53.17, which is a 1.22% upside from current levels. In a report released yesterday, Jefferies also maintained a Hold rating on the stock with a $57.00 price target.
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BHF market cap is currently $3.42B and has a P/E ratio of -2.87.
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Brighthouse Financial (BHF) Company Description:
Brighthouse Financial, Inc. operates as a holding company, which engages in the provision of life insurance and annuities through independent distribution channels and marketing arrangements with diverse network of distribution partners. It operates through the following segments: Annuities; Life; Run-Off; and Corporate & Others. The Annuities segment product offerings include fixed, structured, income and variable annuities. The Life segment manufactures products to serve its target segments through a broad independent distribution network. The Run-Off segment includes structured settlements, pension risk transfer contracts, certain company-owned life insurance policies, funding agreements and universal life with secondary guarantees. The Corporate & Other segment refers to the general account investments and the separate account assets of the company. The company was founded on August 1, 2016 and is headquartered in Charlotte, NC.
Read More on BHF:
- Brighthouse Financial price target raised to $58 from $56 at JPMorgan
- Brighthouse Financial price target raised to $55 from $50 at Piper Sandler
- Brighthouse downgraded to Underperform from Market Perform at Keefe Bruyette
- Brighthouse Financial announces $750M stock repurchase program
- Greenlight Capital buys DHT, exits Capri in Q3
