Brighthouse Financial, Inc. (NASDAQ:BHF) Receives $60.86 Average Target Price from Brokerages

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF) have been given an average recommendation of “Reduce” by the eleven research firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $60.8571.

Several equities research analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Argus upgraded shares of Brighthouse Financial to a “hold” rating in a research note on Thursday, March 26th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $67.00 price objective on shares of Brighthouse Financial in a research note on Thursday, March 26th. Finally, Zacks Research upgraded shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th.

Brighthouse Financial Trading Down 0.3%

Shares of BHF stock opened at $63.03 on Friday. Brighthouse Financial has a 12 month low of $42.07 and a 12 month high of $66.33. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $61.96 and its two-hundred day moving average is $62.83. The company has a market cap of $3.62 billion, a PE ratio of -21.15 and a beta of 0.86.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $4.35 EPS for the quarter, missing the consensus estimate of $4.57 by ($0.22). Brighthouse Financial had a negative net margin of 1.10% and a positive return on equity of 16.88%. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter last year, the business earned $4.17 EPS. The company’s revenue for the quarter was down 29.4% on a year-over-year basis. Equities analysts predict that Brighthouse Financial will post 19.73 EPS for the current year.

Institutional Investors Weigh In On Brighthouse Financial

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV grew its stake in shares of Brighthouse Financial by 0.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 27,346 shares of the company’s stock worth $1,772,000 after acquiring an additional 183 shares during the last quarter. Waterfront Wealth Inc. grew its stake in shares of Brighthouse Financial by 0.6% in the fourth quarter. Waterfront Wealth Inc. now owns 35,055 shares of the company’s stock worth $2,255,000 after acquiring an additional 192 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Brighthouse Financial by 8.7% in the first quarter. Parallel Advisors LLC now owns 2,795 shares of the company’s stock worth $167,000 after acquiring an additional 224 shares during the last quarter. Smartleaf Asset Management LLC grew its stake 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 worth $31,000 after acquiring an additional 226 shares during the last quarter. Finally, J.W. Cole Advisors Inc. grew its stake in shares of Brighthouse Financial by 0.9% in the fourth quarter. J.W. Cole Advisors Inc. now owns 32,275 shares of the company’s stock worth $2,090,000 after acquiring an additional 273 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

About Brighthouse Financial

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.