Brighthouse Financial, Inc. (NASDAQ:BHF) Receives $60.50 Consensus Price Target from Analysts

Brighthouse Financial, Inc. (NASDAQ:BHF) has earned a consensus rating of “Reduce” from the ten research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and nine have given a hold rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $60.50.

Several analysts have commented on the stock. Weiss Ratings cut shares of Brighthouse Financial from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 10th. Wall Street Zen raised shares of Brighthouse Financial to a “hold” rating in a report on Sunday, July 12th.

Brighthouse Financial Trading Down 0.4%

Shares of NASDAQ:BHF opened at $48.79 on Monday. Brighthouse Financial has a 52-week low of $44.51 and a 52-week high of $66.80. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 3.89, a PEG ratio of 0.65 and a beta of 0.84. 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 has a 50-day moving average price of $58.07 and a 200-day moving average price of $60.48.

Brighthouse Financial (NASDAQ:BHF) last issued its earnings results on Wednesday, August 5th. The company reported $4.45 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the prior year, the company earned $3.43 EPS. Brighthouse Financial’s quarterly revenue was down 2.0% on a year-over-year basis. Equities analysts predict that Brighthouse Financial will post 18.91 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BHF. Sequoia Financial Advisors LLC grew its position in 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. Maven Securities LTD acquired a new position in shares of Brighthouse Financial in the 2nd quarter valued at about $1,914,000. Nykredit A S acquired a new position in shares of Brighthouse Financial in the 2nd quarter valued at about $170,000. Susquehanna Fundamental Investments LLC boosted its stake in shares of Brighthouse Financial by 8.3% in the second quarter. Susquehanna Fundamental Investments LLC now owns 82,230 shares of the company’s stock worth $5,205,000 after buying an additional 6,328 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of Brighthouse Financial by 59.4% in the second quarter. Hsbc Holdings PLC now owns 865,171 shares of the company’s stock worth $54,895,000 after buying an additional 322,422 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc is a U.S.-based insurance company focused on helping individuals achieve financial security through annuity and life insurance products. The company serves retail customers, as well as institutions and distribution partners, through a network that includes independent agents, banks, broker-dealers and other financial professionals.

Brighthouse Financial offers fixed, indexed and variable annuities designed to provide retirement income, tax-deferred growth and death-benefit features.