Shares of Brighthouse Financial Inc (NASDAQ:BHF) have earned a consensus rating of “Hold” from the seventeen research firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $56.54.
Several research firms have recently issued reports on BHF. BidaskClub upgraded Brighthouse Financial from a “sell” rating to a “hold” rating in a research report on Saturday, October 6th. Bank of America restated a “neutral” rating and issued a $47.00 price target on shares of Brighthouse Financial in a research report on Wednesday, October 3rd. ValuEngine upgraded Brighthouse Financial from a “strong sell” rating to a “sell” rating in a research report on Friday, August 17th. Credit Suisse Group upgraded Brighthouse Financial from an “underperform” rating to a “neutral” rating and set a $35.00 price target on the stock in a research report on Wednesday, August 15th. They noted that the move was a valuation call. Finally, Barclays lowered Brighthouse Financial from an “overweight” rating to an “underweight” rating and set a $60.00 price target on the stock. in a research report on Friday, August 10th.
BHF traded down $0.21 during mid-day trading on Friday, reaching $42.99. The stock had a trading volume of 2,305,099 shares, compared to its average volume of 1,122,989. The firm has a market capitalization of $5.30 billion, a price-to-earnings ratio of 6.86 and a beta of 1.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.46 and a current ratio of 0.46. Brighthouse Financial has a 52 week low of $39.24 and a 52 week high of $67.55.
Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings data on Monday, August 6th. The company reported $1.27 EPS for the quarter, missing the Zacks’ consensus estimate of $1.96 by ($0.69). The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.05 billion. Brighthouse Financial had a negative net margin of 7.88% and a positive return on equity of 5.58%. The company’s revenue for the quarter was down .7% on a year-over-year basis. As a group, research analysts forecast that Brighthouse Financial will post 8.23 EPS for the current year.
Several large investors have recently bought and sold shares of the company. State of Alaska Department of Revenue raised its stake in Brighthouse Financial by 8.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 23,787 shares of the company’s stock worth $952,000 after buying an additional 1,865 shares during the period. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund acquired a new stake in Brighthouse Financial during the 1st quarter worth $145,000. Glen Harbor Capital Management LLC raised its stake in Brighthouse Financial by 21.3% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 15,096 shares of the company’s stock worth $605,000 after buying an additional 2,652 shares during the period. Verition Fund Management LLC raised its stake in Brighthouse Financial by 61.4% during the 2nd quarter. Verition Fund Management LLC now owns 8,736 shares of the company’s stock worth $350,000 after buying an additional 3,325 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new stake in Brighthouse Financial during the 1st quarter worth $173,000. Institutional investors and hedge funds own 87.40% 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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