Brighthouse Financial, Inc. (NASDAQ:BHF) Stock Has Consensus Target Price of $67.33

Brighthouse Financial, Inc. (NASDAQ:BHF) has received a consensus rating of “Hold” from the six analysts that are covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold rating. The average twelve-month price target among analysts that have covered the stock in the last year is $64.00.

Several equities research analysts recently commented on BHF shares. Wall Street Zen raised shares of Brighthouse Financial to a “hold” rating in a research note on Sunday, July 12th. Keefe, Bruyette & Woods decreased their target price on shares of Brighthouse Financial from $67.00 to $57.00 and set a “market perform” rating for the company in a research note on Friday, October 9th. Finally, 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.

Institutional Trading of Brighthouse Financial

Several hedge funds and other institutional investors have recently made changes to their positions in BHF. Parallel Advisors LLC raised its holdings 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 valued at $167,000 after purchasing an additional 224 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in Brighthouse Financial by 2.6% during the first quarter. Oregon Public Employees Retirement Fund now owns 11,735 shares of the company’s stock valued at $703,000 after purchasing an additional 300 shares during the last quarter. State of Michigan Retirement System grew its stake in Brighthouse Financial by 2.2% in the first quarter. State of Michigan Retirement System now owns 13,768 shares of the company’s stock valued at $824,000 after purchasing an additional 300 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Brighthouse Financial by 11.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,427 shares of the company’s stock worth $205,000 after purchasing an additional 347 shares during the last quarter. Finally, Swiss National Bank boosted its holdings 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 during the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Brighthouse Financial Price Performance

BHF opened at $47.92 on Friday. The stock has a fifty day simple moving average of $52.86 and a two-hundred day simple moving average of $59.19. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 3.82, a price-to-earnings-growth ratio of 0.64 and a beta of 0.83. Brighthouse Financial has a 12-month low of $44.51 and a 12-month high of $66.80.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings data 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 prior year, the business posted $3.43 EPS. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. Research analysts predict that Brighthouse Financial will post 18.91 earnings per share for the current fiscal year.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc (NASDAQ: BHF) is a U.S.-based insurance holding company that provides annuities and life insurance products designed to help individuals and families address retirement income, financial protection and legacy-planning needs. The company primarily serves retail customers through independent distribution partners, including financial professionals and insurance agencies.

Brighthouse Financial’s offerings include fixed, variable and index-linked annuities, as well as life insurance products such as term life, universal life and variable universal life insurance.