Brighthouse Financial, Inc. (NASDAQ:BHF) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Brighthouse Financial, Inc. has received a consensus recommendation of "Hold" from ten analysts, with two sell ratings, six hold ratings, one buy rating, and one strong buy rating.
• The stock's average price objective among brokers is $59.30, although several brokerages have recently lowered their price targets.
• Brighthouse Financial's latest earnings report revealed a significant miss, with earnings per share of $3.43, falling short of the consensus estimate of $4.70.

Brighthouse Financial, Inc. (NASDAQ:BHF - Get Free Report) has been given a consensus recommendation of "Hold" by the ten ratings firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $59.30.

Several brokerages have recently issued reports on BHF. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Brighthouse Financial in a report on Tuesday, October 14th. Keefe, Bruyette & Woods reduced their price objective on Brighthouse Financial from $57.00 to $50.00 and set a "market perform" rating on the stock in a research note on Monday, August 11th. Barclays reduced their price objective on Brighthouse Financial from $70.00 to $65.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Evercore ISI reduced their price target on shares of Brighthouse Financial from $65.00 to $55.00 and set an "in-line" rating on the stock in a research report on Thursday, October 9th. Finally, Piper Sandler restated a "neutral" rating and issued a $53.00 price target on shares of Brighthouse Financial in a research report on Tuesday, October 7th.

Brighthouse Financial Stock Up 0.9%

BHF opened at $47.01 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55. Brighthouse Financial has a 1-year low of $42.07 and a 1-year high of $64.12. The company has a market capitalization of $2.69 billion, a PE ratio of 5.09 and a beta of 0.86. The firm's 50 day simple moving average is $48.56 and its two-hundred day simple moving average is $51.96.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $3.43 earnings per share for the quarter, missing the consensus estimate of $4.70 by ($1.27). The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.21 billion. Brighthouse Financial had a return on equity of 21.06% and a net margin of 10.24%.The firm's revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.57 earnings per share. As a group, equities analysts forecast that Brighthouse Financial will post 20.32 EPS for the current year.

Institutional Trading of Brighthouse Financial

A number of large investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC increased its stake in 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 acquiring an additional 226 shares during the last quarter. IFP Advisors Inc increased its stake in Brighthouse Financial by 1,900.0% during the second quarter. IFP Advisors Inc now owns 740 shares of the company's stock worth $40,000 after acquiring an additional 703 shares during the last quarter. Brooklyn Investment Group increased its stake in Brighthouse Financial by 42.0% during the first quarter. Brooklyn Investment Group now owns 764 shares of the company's stock worth $44,000 after acquiring an additional 226 shares during the last quarter. Ameriflex Group Inc. increased its position in shares of Brighthouse Financial by 12,371.4% during the 2nd quarter. Ameriflex Group Inc. now owns 873 shares of the company's stock valued at $47,000 after purchasing an additional 866 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Brighthouse Financial by 835.2% during the 1st quarter. Jones Financial Companies Lllp now owns 823 shares of the company's stock valued at $48,000 after purchasing an additional 735 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors.

Brighthouse Financial Company Profile

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.

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