In a report released yesterday, Ryan Krueger from KBW maintained a Sell rating on Brighthouse Financial (BHF – Research Report), with a price target of $50.00. The company’s shares closed yesterday at $53.46.
According to TipRanks, Krueger is a 5-star analyst with an average return of 12.5% and a 72.00% success rate. Krueger covers the Financial sector, focusing on stocks such as Ameriprise Financial, Lincoln National, and Metlife.
Brighthouse Financial has an analyst consensus of Moderate Sell, with a price target consensus of $55.33.
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Based on Brighthouse Financial’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.17 billion and a net profit of $479 million. In comparison, last year the company earned a revenue of $1.12 billion and had a net profit of $413 million
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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 Announces Earnings and Investor Update
- Is BHF a Buy, Before Earnings?
- 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
