Brighthouse Financial, Inc. (NASDAQ:BHF) Stock Has Consensus Target Price of $61.25

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF) have been assigned an average rating of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation. The average 1-year target price among brokers that have issued a report on the stock in the last year is $58.33.

BHF has been the subject of several research reports. Keefe, Bruyette & Woods reduced 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. Wall Street Zen raised shares of Brighthouse Financial to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings cut shares of Brighthouse Financial from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 10th. Finally, JPMorgan Chase & Co. upgraded shares of Brighthouse Financial from an “underweight” rating to a “neutral” rating and cut their target price for the company from $63.00 to $55.00 in a research note on Thursday, October 15th.

Brighthouse Financial Price Performance

Shares of NASDAQ:BHF opened at $41.10 on Tuesday. The business has a 50 day moving average price of $49.03 and a 200 day moving average price of $58.64. Brighthouse Financial has a twelve month low of $41.01 and a twelve month high of $66.80. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 3.28, a PEG ratio of 0.56 and a beta of 0.81. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.48.

Brighthouse Financial (NASDAQ:BHF) last released its earnings results on Thursday, November 5th. The company reported $9.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.96 by $4.16. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.18 billion. Brighthouse Financial had a return on equity of 17.24% and a net margin of 12.49%. During the same quarter last year, the firm posted $4.54 EPS. Research analysts predict that Brighthouse Financial will post 18.84 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BHF. Parallel Advisors LLC boosted its stake in Brighthouse Financial by 8.7% during the first quarter. Parallel Advisors LLC now owns 2,795 shares of the company’s stock worth $167,000 after buying an additional 224 shares in the last quarter. State of Michigan Retirement System increased its holdings in Brighthouse Financial by 2.2% in the 1st quarter. State of Michigan Retirement System now owns 13,768 shares of the company’s stock valued at $824,000 after buying an additional 300 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Brighthouse Financial by 2.6% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 11,735 shares of the company’s stock valued at $703,000 after buying an additional 300 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Brighthouse Financial by 11.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,427 shares of the company’s stock valued at $205,000 after buying an additional 347 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of Brighthouse Financial by 0.4% in the 1st quarter. Swiss National Bank now owns 113,100 shares of the company’s stock valued at $6,772,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

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.