Wells Fargo & Co reissued their hold rating on shares of Brighthouse Financial (NASDAQ:BHF) in a report issued on Tuesday morning.

A number of other research analysts have also weighed in on BHF. BidaskClub upgraded Brighthouse Financial from a strong sell rating to a sell rating in a research report on Friday, September 21st. Bank of America restated a neutral rating and set a $47.00 price objective on shares of Brighthouse Financial in a research report on Wednesday, October 3rd. Morgan Stanley cut their price objective on Brighthouse Financial from $58.00 to $55.00 and set an equal weight rating for the company in a research report on Tuesday, November 6th. Credit Suisse Group restated a neutral rating on shares of Brighthouse Financial in a research report on Monday, December 31st. Finally, Sandler O’Neill upgraded Brighthouse Financial from a hold rating to a buy rating in a research report on Wednesday, January 2nd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $53.27.

NASDAQ:BHF traded down $0.10 on Tuesday, reaching $33.43. 12,124 shares of the company’s stock traded hands, compared to its average volume of 1,499,742. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.31. The stock has a market cap of $3.96 billion, a PE ratio of 5.36, a P/E/G ratio of 0.41 and a beta of 1.84. Brighthouse Financial has a 12 month low of $28.52 and a 12 month high of $67.55.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings results on Monday, November 5th. The company reported $2.23 EPS for the quarter, beating the Zacks’ consensus estimate of $2.19 by $0.04. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Brighthouse Financial had a return on equity of 5.49% and a net margin of 1.33%. During the same period last year, the firm earned $3.31 earnings per share. Sell-side analysts anticipate that Brighthouse Financial will post 7.94 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Hawaiian Bank purchased a new position in shares of Brighthouse Financial during the third quarter valued at approximately $142,000. Daiwa Securities Group Inc. purchased a new position in shares of Brighthouse Financial during the third quarter valued at approximately $164,000. AGF Investments America Inc. purchased a new position in shares of Brighthouse Financial during the third quarter valued at approximately $164,000. Whittier Trust Co. purchased a new position in shares of Brighthouse Financial during the third quarter valued at approximately $176,000. Finally, Hussman Strategic Advisors Inc. purchased a new position in shares of Brighthouse Financial during the third quarter valued at approximately $201,000. Institutional investors own 90.32% of the company’s stock.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc provides a range of annuity and life insurance products in the United States. The company operates through three segments: Annuities, Life, and Run-off. It 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; and term, whole, universal, and variable life insurance products for policyholders' needs for financial security and protected wealth transfer.

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Analyst Recommendations for Brighthouse Financial (NASDAQ:BHF)

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