Brighthouse Financial (NASDAQ:BHF) Given New $43.00 Price Target at Morgan Stanley

Brighthouse Financial (NASDAQ:BHF) had its price target lowered by Morgan Stanley from $46.00 to $43.00 in a research note published on Wednesday, Stock Target Advisor reports. The brokerage currently has an equal weight rating on the stock.

A number of other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of HENGAN INTL GRP/ADR from a strong-buy rating to a hold rating in a research note on Tuesday, May 21st. Credit Suisse Group assumed coverage on shares of Arco Platform in a report on Tuesday, June 25th. They issued a neutral rating for the company. Wells Fargo & Co lowered shares of Mylan from an outperform rating to a market perform rating and reduced their price target for the company from $33.00 to $22.00 in a report on Tuesday, May 7th. UBS Group upped their price target on shares of Verisk Analytics from $106.00 to $111.00 and gave the stock a sell rating in a research report on Tuesday, April 9th. Finally, TheStreet downgraded shares of Trinity Industries from a b rating to a c rating in a research note on Thursday, April 25th. Five investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $41.73.

Shares of NASDAQ BHF opened at $38.34 on Wednesday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.29. The firm’s fifty day moving average price is $37.28. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 5.15, a PEG ratio of 0.36 and a beta of 2.04. Brighthouse Financial has a twelve month low of $28.52 and a twelve month high of $47.33.

Brighthouse Financial (NASDAQ:BHF) last issued its earnings results on Monday, May 6th. The company reported $1.98 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.12 by ($0.14). The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Brighthouse Financial had a return on equity of 6.01% and a net margin of 2.49%. Brighthouse Financial’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.36 earnings per share. On average, equities research analysts anticipate that Brighthouse Financial will post 8.91 earnings per share for the current year.

In other news, Director C Edward Chaplin acquired 2,700 shares of Brighthouse Financial stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average price of $36.50 per share, for a total transaction of $98,550.00. Following the purchase, the director now directly owns 6,939 shares in the company, valued at approximately $253,273.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Margaret M. Mccarthy acquired 2,941 shares of Brighthouse Financial stock in a transaction that occurred on Wednesday, June 26th. The shares were purchased at an average price of $34.08 per share, with a total value of $100,229.28. Following the purchase, the director now owns 4,423 shares in the company, valued at $150,735.84. The disclosure for this purchase can be found here. 0.01% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its holdings in Brighthouse Financial by 28.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 24,946 shares of the company’s stock worth $915,000 after buying an additional 5,594 shares during the period. Xact Kapitalforvaltning AB boosted its holdings in shares of Brighthouse Financial by 31.2% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 22,300 shares of the company’s stock valued at $818,000 after acquiring an additional 5,304 shares during the last quarter. Retirement Systems of Alabama boosted its holdings in shares of Brighthouse Financial by 177.3% in the 2nd quarter. Retirement Systems of Alabama now owns 150,639 shares of the company’s stock valued at $5,527,000 after acquiring an additional 96,313 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its stake in shares of Brighthouse Financial by 3.0% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 158,771 shares of the company’s stock worth $5,761,000 after acquiring an additional 4,591 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Brighthouse Financial by 52.1% in the first quarter. First Trust Advisors LP now owns 22,118 shares of the company’s stock worth $803,000 after acquiring an additional 7,577 shares during the period. 88.85% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Brighthouse Financial (NASDAQ:BHF)

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