Brighthouse Financial Inc (BHF) Receives Average Rating of “Hold” from Brokerages

Shares of Brighthouse Financial Inc (NASDAQ:BHF) have earned an average recommendation of “Hold” from the sixteen ratings firms that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and two have assigned a buy 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 $55.58.

A number of research firms recently commented on BHF. BidaskClub cut Brighthouse Financial from a “hold” rating to a “sell” rating in a report on Tuesday, November 20th. Morgan Stanley reduced their price objective on Brighthouse Financial from $58.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 6th. Wells Fargo & Co set a $50.00 price objective on Brighthouse Financial and gave the stock a “hold” rating in a research note on Monday, November 5th. Bank of America reduced their price objective on Brighthouse Financial from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 6th. Finally, ValuEngine raised Brighthouse Financial from a “strong sell” rating to a “sell” rating in a research note on Friday, August 17th.

NASDAQ BHF opened at $38.02 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.46 and a current ratio of 0.46. Brighthouse Financial has a 12 month low of $37.68 and a 12 month high of $67.55. The company has a market capitalization of $4.58 billion, a P/E ratio of 6.19, a price-to-earnings-growth ratio of 0.50 and a beta of 1.56.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings results on Monday, November 5th. The company reported $2.23 EPS for the quarter, topping the Zacks’ consensus estimate of $2.19 by $0.04. Brighthouse Financial had a return on equity of 5.49% and a net margin of 1.33%. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the previous year, the firm earned $3.31 EPS. As a group, equities analysts forecast that Brighthouse Financial will post 8.04 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the business. First Hawaiian Bank bought a new position in shares of Brighthouse Financial during the 3rd quarter valued at approximately $142,000. AGF Investments America Inc. bought a new position in shares of Brighthouse Financial during the 3rd quarter valued at approximately $164,000. Daiwa Securities Group Inc. bought a new position in shares of Brighthouse Financial during the 3rd quarter valued at approximately $164,000. Whittier Trust Co. bought a new position in shares of Brighthouse Financial during the 3rd quarter valued at approximately $176,000. Finally, Hussman Strategic Advisors Inc. bought a new position in shares of Brighthouse Financial during the 3rd quarter valued at approximately $201,000. 88.78% of the stock is currently owned by institutional investors and hedge funds.

About Brighthouse Financial

Brighthouse Financial, Inc provides a range of annuity and life insurance products in the United States. The company operates through three segments: Annuities, Life, and Run-off. It 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; and term, whole, universal, and variable life insurance products for policyholders' needs for financial security and protected wealth transfer.

Featured Story: Balanced Fund

Analyst Recommendations for Brighthouse Financial (NASDAQ:BHF)

Receive News & Ratings for Brighthouse Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brighthouse Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply