Brighthouse Financial, Inc. (BHF) – What Are Analysts Thinking About This Stock?

Brighthouse Financial, Inc. (NASDAQ:BHF) has earned an average rating of “Hold” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $58.33.

BHF has been the topic of several recent analyst reports. Wall Street Zen cut Brighthouse Financial from a “hold” rating to a “sell” rating in a report on Saturday. Keefe, Bruyette & Woods decreased their price objective on Brighthouse Financial from $57.00 to $55.00 and set a “market perform” rating for the company in a research report on Thursday, October 15th. JPMorgan Chase & Co. raised Brighthouse Financial from an “underweight” rating to a “neutral” rating and lowered their target price for the stock from $63.00 to $55.00 in a research note on Thursday, October 15th. Finally, Weiss Ratings downgraded shares of Brighthouse Financial from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 10th.

Institutional Investors Weigh In On Brighthouse Financial

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Brighthouse Financial in the 2nd quarter valued at approximately $341,422,000. Hsbc Holdings PLC acquired a new position in Brighthouse Financial during the 2nd quarter worth approximately $54,895,000. Kryger Capital LLC acquired a new position in Brighthouse Financial during the 1st quarter worth approximately $30,104,000. Calamos Advisors LLC bought a new position in shares of Brighthouse Financial during the 1st quarter worth approximately $23,459,000. Finally, Oddo BHF Asset Management Sas bought a new position in shares of Brighthouse Financial during the 1st quarter worth approximately $20,359,000. Institutional investors own 81.24% of the company’s stock.

Brighthouse Financial Stock Up 3.6%

Shares of NASDAQ:BHF opened at $42.60 on Tuesday. Brighthouse Financial has a 52 week low of $41.01 and a 52 week high of $66.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $2.45 billion, a PE ratio of 4.32, a PEG ratio of 0.57 and a beta of 0.81. The company has a 50 day moving average price of $48.80 and a two-hundred day moving average price of $58.53.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings data on Thursday, November 5th. The company reported $3.68 EPS for the quarter, missing the consensus estimate of $4.96 by ($1.28). Brighthouse Financial had a return on equity of 21.06% and a net margin of 11.95%. The business had revenue of $853.00 million for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the business posted $4.54 EPS. Analysts forecast that Brighthouse Financial will post 18.84 earnings per share for the current year.

About Brighthouse Financial

Brighthouse Financial, Inc (NASDAQ:BHF) is a U.S.-focused provider of annuities and life insurance products. The company serves individuals and institutions seeking solutions for retirement income, wealth preservation, protection and legacy planning.

Its annuity offerings include fixed, variable, income and registered index-linked annuities, including the Brighthouse Shield line of products. Brighthouse also provides life insurance products designed to offer death-benefit protection and, depending on the policy, cash-value accumulation and other financial-planning features.

Brighthouse Financial was established as an independent public company in 2017 after being separated from MetLife.