Citigroup set a $36.00 price target on Brighthouse Financial (NASDAQ:BHF) in a report published on Thursday, Stock Target Advisor reports. The brokerage currently has a sell rating on the stock.

Several other equities research analysts have also recently weighed in on BHF. BidaskClub upgraded shares of Brighthouse Financial from a sell rating to a hold rating in a research note on Monday, April 1st. Deutsche Bank cut shares of Brighthouse Financial from a buy rating to a hold rating in a research note on Thursday, February 28th. Sandler O’Neill cut shares of Brighthouse Financial from a buy rating to a hold rating and reduced their target price for the company from $43.00 to $42.00 in a research note on Thursday, March 7th. Wells Fargo & Co reiterated a hold rating on shares of Brighthouse Financial in a research note on Thursday, February 28th. Finally, UBS Group increased their target price on shares of Brighthouse Financial from $37.00 to $40.00 and gave the company a neutral rating in a research note on Tuesday, April 9th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. Brighthouse Financial presently has a consensus rating of Hold and an average target price of $47.27.

Shares of NASDAQ:BHF opened at $37.76 on Thursday. The stock has a market capitalization of $4.37 billion, a PE ratio of 5.36, a price-to-earnings-growth ratio of 0.36 and a beta of 2.21. Brighthouse Financial has a 52-week low of $28.52 and a 52-week high of $48.49. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.52 and a current ratio of 0.52.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings results on Monday, May 6th. The company reported $1.98 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.12 by ($0.14). The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.98 billion. Brighthouse Financial had a net margin of 2.49% and a return on equity of 6.01%. The company’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.36 earnings per share. On average, sell-side analysts predict that Brighthouse Financial will post 8.96 earnings per share for the current year.

In related news, Director C Edward Chaplin bought 2,700 shares of Brighthouse Financial stock in a transaction that occurred on Monday, May 13th. The stock was acquired at an average price of $36.50 per share, for a total transaction of $98,550.00. Following the completion of the purchase, the director now owns 6,939 shares in the company, valued at $253,273.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.01% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Pearl River Capital LLC bought a new position in Brighthouse Financial during the fourth quarter worth about $26,000. Bessemer Group Inc. raised its stake in shares of Brighthouse Financial by 68.3% in the fourth quarter. Bessemer Group Inc. now owns 865 shares of the company’s stock valued at $27,000 after acquiring an additional 351 shares during the last quarter. Signaturefd LLC raised its stake in shares of Brighthouse Financial by 387.3% in the first quarter. Signaturefd LLC now owns 731 shares of the company’s stock valued at $27,000 after acquiring an additional 581 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of Brighthouse Financial by 162.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the company’s stock valued at $29,000 after acquiring an additional 591 shares during the last quarter. Finally, B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund bought a new position in shares of Brighthouse Financial in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

About Brighthouse Financial

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.

Further Reading: Fiduciary

Analyst Recommendations for Brighthouse Financial (NASDAQ:BHF)

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