Brighthouse Financial, Inc. (NASDAQ:BHF) Receives Consensus Rating of “Reduce” from Analysts

by · The Markets Daily

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF – Get Free Report) have received a consensus rating of “Reduce” from the eleven analysts that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation and nine have assigned a hold recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $63.70.

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Brighthouse Financial from $50.00 to $70.00 and gave the company a “market perform” rating in a research note on Friday, November 7th. Wells Fargo & Company raised their price objective on Brighthouse Financial from $52.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Morgan Stanley set a $70.00 target price on Brighthouse Financial in a research report on Thursday, November 6th. Raymond James Financial reiterated a “market perform” rating on shares of Brighthouse Financial in a report on Wednesday, November 12th. Finally, Piper Sandler reissued a “neutral” rating and set a $53.00 price target on shares of Brighthouse Financial in a research report on Tuesday, October 7th.

Read Our Latest Report on BHF

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC grew its position in shares of Brighthouse Financial by 66.5% in the second quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock valued at $31,000 after purchasing an additional 226 shares during the last quarter. Clearstead Advisors LLC increased its position in Brighthouse Financial by 540.4% during the third quarter. Clearstead Advisors LLC now owns 634 shares of the company’s stock worth $34,000 after buying an additional 535 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Brighthouse Financial by 225.5% in the third quarter. Hantz Financial Services Inc. now owns 664 shares of the company’s stock worth $35,000 after acquiring an additional 460 shares during the last quarter. Danske Bank A S purchased a new stake in shares of Brighthouse Financial in the third quarter valued at $37,000. Finally, IFP Advisors Inc lifted its position in shares of Brighthouse Financial by 1,900.0% in the second quarter. IFP Advisors Inc now owns 740 shares of the company’s stock valued at $40,000 after acquiring an additional 703 shares in the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Brighthouse Financial Stock Down 0.1%

Shares of BHF opened at $64.70 on Wednesday. The firm has a fifty day moving average price of $64.56 and a 200-day moving average price of $54.43. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $3.70 billion, a P/E ratio of 4.41 and a beta of 0.97. Brighthouse Financial has a 12-month low of $42.07 and a 12-month high of $66.33.

Brighthouse Financial (NASDAQ:BHF – Get Free Report) last announced its quarterly earnings data on Friday, November 7th. The company reported $4.54 earnings per share for the quarter, missing analysts’ consensus estimates of $5.09 by ($0.55). The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.26 billion. Brighthouse Financial had a net margin of 15.39% and a return on equity of 20.59%. The company’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.99 EPS. Equities research analysts expect that Brighthouse Financial will post 20.32 earnings per share for the current year.

Brighthouse Financial Company Profile

(Get Free Report)

Brighthouse Financial, Inc is a U.S.-based life insurance company that specializes in retirement income solutions and annuity products. The firm was established in August 2017 as a spin-off from MetLife, Inc, and is headquartered in Charlotte, North Carolina. Since its separation, Brighthouse Financial has focused on providing products designed to help individuals and families manage retirement income needs, drawing on decades of experience in life insurance and annuity administration inherited from its parent company.

The company’s core product offerings include fixed indexed annuities, which allow policyholders to participate in market-linked gains while protecting against downside market risk, and single premium immediate annuities, which provide guaranteed lifetime income.

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