Brighthouse Financial, Inc. (NASDAQ:BHF) Receives $61.29 Average PT from Brokerages

Brighthouse Financial, Inc. (NASDAQ:BHF) has been given an average rating of “Reduce” by the ten research firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $60.8571.

BHF has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Brighthouse Financial in a research report on Monday, December 29th. Barclays lowered shares of Brighthouse Financial from an “overweight” rating to an “equal weight” rating and set a $65.00 target price for the company. in a research note on Thursday, January 8th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $67.00 price target on shares of Brighthouse Financial in a report on Thursday. Finally, Zacks Research upgraded Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 17th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC increased its position in shares of Brighthouse Financial by 442.5% during the 4th quarter. NewEdge Advisors LLC now owns 434 shares of the company’s stock valued at $28,000 after purchasing an additional 354 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Brighthouse Financial by 66.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock worth $31,000 after purchasing an additional 226 shares during the period. Clearstead Advisors LLC boosted its holdings in shares of Brighthouse Financial by 540.4% in the third quarter. Clearstead Advisors LLC now owns 634 shares of the company’s stock worth $34,000 after buying an additional 535 shares during the last quarter. Hantz Financial Services Inc. grew its position in Brighthouse Financial by 225.5% during the third quarter. Hantz Financial Services Inc. now owns 664 shares of the company’s stock valued at $35,000 after buying an additional 460 shares during the period. Finally, Danske Bank A S bought a new stake in Brighthouse Financial during the third quarter valued at approximately $37,000. 81.24% of the stock is owned by hedge funds and other institutional investors.

Brighthouse Financial Price Performance

BHF opened at $59.98 on Monday. The company’s 50-day simple moving average is $62.14 and its two-hundred day simple moving average is $59.66. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $3.43 billion, a P/E ratio of 10.34 and a beta of 0.96. Brighthouse Financial has a 52-week low of $42.07 and a 52-week high of $66.33.

Brighthouse Financial Company Profile

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.