Brighthouse Financial’s (BHF) “Market Perform” Rating Reiterated at Raymond James Financial

Raymond James Financial reaffirmed their market perform rating on shares of Brighthouse Financial (NASDAQ:BHF) in a research report released on Wednesday, Marketbeat Ratings reports.

BHF has been the topic of several other research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Brighthouse Financial in a research note on Tuesday, October 14th. Evercore ISI lowered their target price on shares of Brighthouse Financial from $65.00 to $55.00 and set an “in-line” rating for the company in a report on Thursday, October 9th. Keefe, Bruyette & Woods increased their price target on Brighthouse Financial from $50.00 to $70.00 and gave the company a “market perform” rating in a research note on Friday, November 7th. Barclays decreased their price objective on Brighthouse Financial from $70.00 to $65.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $53.00 price objective on shares of Brighthouse Financial in a report on Tuesday, October 7th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $63.70.

Brighthouse Financial Stock Down 0.0%

Shares of BHF opened at $65.78 on Wednesday. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 4.49 and a beta of 0.94. Brighthouse Financial has a 52 week low of $42.07 and a 52 week high of $66.33. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.93 and a current ratio of 0.95. The business’s fifty day moving average price is $51.99 and its two-hundred day moving average price is $52.62.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings results on Friday, November 7th. The company reported $4.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.09 by ($0.55). The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.26 billion. Brighthouse Financial had a net margin of 15.39% and a return on equity of 20.59%. The company’s revenue was down 10.0% compared to the same quarter last year. During the same period last year, the company earned $3.99 EPS. On average, analysts predict that Brighthouse Financial will post 20.32 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised its position in shares of Brighthouse Financial by 66.5% during the second quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock worth $31,000 after purchasing an additional 226 shares during the period. Clearstead Advisors LLC increased its stake in Brighthouse Financial by 540.4% during the 3rd quarter. Clearstead Advisors LLC now owns 634 shares of the company’s stock worth $34,000 after purchasing an additional 535 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in Brighthouse Financial by 225.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 664 shares of the company’s stock worth $35,000 after buying an additional 460 shares during the period. IFP Advisors Inc lifted its stake in Brighthouse Financial by 1,900.0% in the second quarter. IFP Advisors Inc now owns 740 shares of the company’s stock valued at $40,000 after buying an additional 703 shares in the last quarter. Finally, Brooklyn Investment Group lifted its stake in Brighthouse Financial by 42.0% in the first quarter. Brooklyn Investment Group now owns 764 shares of the company’s stock valued at $44,000 after buying an additional 226 shares in the last quarter. 81.24% of the stock is owned by institutional investors and hedge funds.

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.