Brighthouse Financial, Inc. (NASDAQ:BHF) Given Average Recommendation of “Reduce” by Brokerages

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF) have been given a consensus rating of “Reduce” by the ten research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and nine have given a hold rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $60.50.

Several equities research analysts have weighed in on the stock. Weiss Ratings downgraded shares of Brighthouse Financial from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 10th. Wall Street Zen upgraded Brighthouse Financial to a “hold” rating in a report on Sunday, July 12th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Brighthouse Financial during the second quarter valued at about $341,422,000. Dimensional Fund Advisors LP grew its holdings in shares of Brighthouse Financial by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,555,823 shares of the company’s stock valued at $212,926,000 after buying an additional 60,791 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Brighthouse Financial by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,070,547 shares of the company’s stock valued at $69,375,000 after acquiring an additional 4,537 shares during the period. Hsbc Holdings PLC acquired a new position in shares of Brighthouse Financial in the 2nd quarter valued at $54,895,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in Brighthouse Financial by 64.5% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 642,800 shares of the company’s stock worth $38,491,000 after acquiring an additional 251,993 shares during the last quarter. 81.24% of the stock is owned by institutional investors and hedge funds.

Brighthouse Financial Trading Up 1.1%

Shares of NASDAQ BHF opened at $49.95 on Monday. Brighthouse Financial has a 1-year low of $44.51 and a 1-year high of $66.80. The business has a fifty day moving average price of $57.43 and a 200 day moving average price of $60.33. The stock has a market capitalization of $2.87 billion, a P/E ratio of 3.99, a price-to-earnings-growth ratio of 0.65 and a beta of 0.84. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.96.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings results on Wednesday, August 5th. The company reported $4.45 EPS for the quarter, missing the consensus estimate of $4.86 by ($0.41). Brighthouse Financial had a net margin of 12.49% and a return on equity of 17.24%. The firm had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the previous year, the company posted $3.43 earnings per share. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. Equities research analysts expect that Brighthouse Financial will post 18.91 EPS for the current fiscal year.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based insurance company focused on helping individuals achieve financial security through annuity and life insurance products. The company serves retail customers, as well as institutions and distribution partners, through a network that includes independent agents, banks, broker-dealers and other financial professionals.

Brighthouse Financial offers fixed, indexed and variable annuities designed to provide retirement income, tax-deferred growth and death-benefit features.