BidaskClub upgraded shares of Brighthouse Financial (NASDAQ:BHF) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning, BidAskClub reports.
BHF has been the subject of a number of other research reports. UBS Group boosted their price target on Verisk Analytics from $106.00 to $111.00 and gave the company a sell rating in a report on Tuesday, April 9th. Goldman Sachs Group set a GBX 6,870 ($89.77) price target on Reckitt Benckiser Group and gave the company a neutral rating in a report on Tuesday, June 25th. Credit Suisse Group assumed coverage on Arco Platform in a report on Tuesday, June 25th. They issued a neutral rating for the company. Zacks Investment Research lowered HENGAN INTL GRP/ADR from a strong-buy rating to a hold rating in a report on Tuesday, May 21st. Finally, TheStreet lowered Trinity Industries from a b rating to a c rating in a report on Thursday, April 25th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. Brighthouse Financial currently has an average rating of Hold and a consensus price target of $41.00.
Shares of NASDAQ:BHF opened at $37.29 on Tuesday. Brighthouse Financial has a 1 year low of $28.52 and a 1 year high of $47.33. The company’s 50 day simple moving average is $37.32. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 5.01, a PEG ratio of 0.36 and a beta of 2.04. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.29.
Brighthouse Financial (NASDAQ:BHF) last announced its earnings results on Monday, May 6th. The company reported $1.98 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.12 by ($0.14). Brighthouse Financial had a net margin of 2.49% and a return on equity of 6.01%. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter last year, the firm earned $2.36 EPS. The firm’s quarterly revenue was down 6.9% on a year-over-year basis. Analysts expect that Brighthouse Financial will post 8.89 earnings per share for the current fiscal year.
In other Brighthouse Financial news, Director Margaret M. Mccarthy acquired 2,941 shares of Brighthouse Financial stock in a transaction that occurred on Wednesday, June 26th. The stock was bought at an average price of $34.08 per share, with a total value of $100,229.28. Following the completion of the purchase, the director now directly owns 4,423 shares of the company’s stock, valued at approximately $150,735.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director C Edward Chaplin acquired 2,700 shares of Brighthouse Financial stock in a transaction that occurred on Monday, May 13th. The stock was acquired at an average cost of $36.50 per share, with a total value of $98,550.00. Following the purchase, the director now directly owns 6,939 shares of the company’s stock, valued at $253,273.50. The disclosure for this purchase can be found here. 0.01% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of BHF. Norges Bank acquired a new position in shares of Brighthouse Financial during the fourth quarter worth $62,021,000. Geode Capital Management LLC increased its position in shares of Brighthouse Financial by 10.0% during the fourth quarter. Geode Capital Management LLC now owns 1,755,585 shares of the company’s stock worth $53,431,000 after purchasing an additional 159,787 shares in the last quarter. Northern Trust Corp increased its position in shares of Brighthouse Financial by 19.5% during the fourth quarter. Northern Trust Corp now owns 1,471,117 shares of the company’s stock worth $44,840,000 after purchasing an additional 240,268 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Brighthouse Financial by 12.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 941,405 shares of the company’s stock worth $28,700,000 after purchasing an additional 106,333 shares in the last quarter. Finally, Schneider Capital Management Corp increased its position in shares of Brighthouse Financial by 0.3% during the first quarter. Schneider Capital Management Corp now owns 898,411 shares of the company’s stock worth $32,603,000 after purchasing an additional 2,860 shares in the last quarter. 88.90% of the stock is owned by institutional investors.
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 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.
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