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

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Get Free Report) have been assigned a consensus rating of "Hold" from the nine brokerages that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $62.00.

A number of brokerages have commented on BHF. Keefe, Bruyette & Woods lifted their target price on shares of Brighthouse Financial from $60.00 to $66.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 18th. Barclays raised shares of Brighthouse Financial from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $52.00 to $85.00 in a research report on Wednesday, January 29th. Piper Sandler upped their price objective on Brighthouse Financial from $52.00 to $60.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. cut their target price on Brighthouse Financial from $59.00 to $56.00 and set an "underweight" rating for the company in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company decreased their price target on Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th.

Brighthouse Financial Trading Up 0.1 %

BHF opened at $58.30 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.92. The company's 50 day simple moving average is $54.59 and its two-hundred day simple moving average is $52.73. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 11.30 and a beta of 0.91. Brighthouse Financial has a 1-year low of $40.00 and a 1-year high of $64.12.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $5.88 earnings per share for the quarter, topping analysts' consensus estimates of $4.56 by $1.32. Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. Analysts expect that Brighthouse Financial will post 20.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BHF. Versant Capital Management Inc grew its position in shares of Brighthouse Financial by 188.0% during the first quarter. Versant Capital Management Inc now owns 622 shares of the company's stock worth $36,000 after buying an additional 406 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its stake in Brighthouse Financial by 327.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company's stock worth $44,000 after acquiring an additional 703 shares during the last quarter. UMB Bank n.a. increased its position in shares of Brighthouse Financial by 101.7% in the 1st quarter. UMB Bank n.a. now owns 1,200 shares of the company's stock valued at $70,000 after purchasing an additional 605 shares during the last quarter. Siemens Fonds Invest GmbH purchased a new stake in shares of Brighthouse Financial in the 4th quarter valued at approximately $94,000. Finally, GAMMA Investing LLC raised its holdings in shares of Brighthouse Financial by 11.0% in the 1st quarter. GAMMA Investing LLC now owns 2,035 shares of the company's stock valued at $118,000 after purchasing an additional 202 shares in the last quarter. 81.24% of the stock is owned by institutional investors and hedge funds.

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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