Brighthouse Financial, Inc. (NASDAQ:BHF) Receives Average Recommendation of “Hold” from Analysts

Brighthouse Financial, Inc. (NASDAQ:BHF) has received a consensus recommendation of “Hold” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $59.6667.

A number of research analysts recently issued reports on the stock. Piper Sandler dropped their target price on shares of Brighthouse Financial from $63.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, July 3rd. Wells Fargo & Company lifted their price target on shares of Brighthouse Financial from $53.00 to $54.00 and gave the company an “equal weight” rating in a research note on Thursday, July 10th. Keefe, Bruyette & Woods decreased their target price on Brighthouse Financial from $57.00 to $50.00 and set a “market perform” rating for the company in a research report on Monday, August 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Brighthouse Financial in a report on Saturday, September 27th. Finally, Wall Street Zen cut Brighthouse Financial from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. LPL Financial LLC raised its holdings in shares of Brighthouse Financial by 0.4% in the 1st quarter. LPL Financial LLC now owns 39,718 shares of the company’s stock worth $2,303,000 after acquiring an additional 173 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Brighthouse Financial by 5.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,598 shares of the company’s stock valued at $209,000 after buying an additional 181 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Brighthouse Financial by 11.0% in the 1st quarter. GAMMA Investing LLC now owns 2,035 shares of the company’s stock worth $118,000 after acquiring an additional 202 shares in the last quarter. Four Tree Island Advisory LLC raised its holdings in shares of Brighthouse Financial by 1.8% in the second quarter. Four Tree Island Advisory LLC now owns 12,262 shares of the company’s stock valued at $659,000 after purchasing an additional 214 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Brighthouse Financial by 19.4% during the second quarter. Parallel Advisors LLC now owns 1,364 shares of the company’s stock valued at $73,000 after purchasing an additional 222 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Brighthouse Financial Stock Performance

Shares of Brighthouse Financial stock opened at $53.08 on Monday. The business has a 50-day moving average price of $48.28 and a two-hundred day moving average price of $52.76. Brighthouse Financial has a 1-year low of $42.07 and a 1-year high of $64.12. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55. The company has a market cap of $3.03 billion, a P/E ratio of 5.74 and a beta of 0.86.

Brighthouse Financial (NASDAQ:BHF) last announced its earnings results on Thursday, August 7th. The company reported $3.43 EPS for the quarter, missing the consensus estimate of $4.70 by ($1.27). The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.21 billion. Brighthouse Financial had a net margin of 10.24% and a return on equity of 21.06%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.57 EPS. As a group, analysts anticipate that Brighthouse Financial will post 20.32 EPS for the current year.

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 consists of 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.