Brighthouse Financial (NASDAQ:BHF) Stock Gets Price Target Cut from Keefe, Bruyette & Woods

Brighthouse Financial (NASDAQ:BHF) had its price target trimmed by Keefe, Bruyette & Woods from $57.00 to $55.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a market perform rating on the stock.

Other equities research analysts have also issued reports about the stock. Wall Street Zen raised shares of Brighthouse Financial to a “hold” rating in a 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 report on Thursday, September 10th. Seven analysts have rated the stock with a Hold rating. According to MarketBeat.com, Brighthouse Financial presently has an average rating of “Hold” and an average price target of $61.25.

Brighthouse Financial Price Performance

NASDAQ:BHF opened at $47.77 on Thursday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. The business’s 50-day simple moving average is $52.05 and its two-hundred day simple moving average is $58.94. The stock has a market cap of $2.75 billion, a PE ratio of 3.81, a P/E/G ratio of 0.63 and a beta of 0.83. Brighthouse Financial has a 52 week low of $44.51 and a 52 week high of $66.80.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data on Wednesday, August 5th. The company reported $4.45 earnings per share for the quarter, missing analysts’ consensus estimates of $4.86 by ($0.41). Brighthouse Financial had a return on equity of 17.24% and a net margin of 12.49%. The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period last year, the company earned $3.43 EPS. The business’s revenue was down 2.0% on a year-over-year basis. As a group, analysts forecast that Brighthouse Financial will post 18.84 EPS for the current fiscal year.

Hedge Funds Weigh In On Brighthouse Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mather Group LLC. lifted its holdings in shares of Brighthouse Financial by 8,900.0% in the 3rd quarter. Mather Group LLC. now owns 630 shares of the company’s stock worth $31,000 after acquiring an additional 623 shares during the last quarter. Byrne Asset Management LLC purchased a new position in shares of Brighthouse Financial during the 3rd quarter worth about $235,000. QRG Capital Management Inc. boosted its stake in shares of Brighthouse Financial by 15.5% during the 2nd quarter. QRG Capital Management Inc. now owns 3,967 shares of the company’s stock worth $251,000 after purchasing an additional 532 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of Brighthouse Financial by 41.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,241 shares of the company’s stock worth $458,000 after purchasing an additional 2,106 shares during the period. Finally, Maven Securities LTD bought a new position in Brighthouse Financial during the 2nd quarter valued at about $1,914,000. 81.24% of the stock is owned by institutional investors.

About Brighthouse Financial

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.