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

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Get Free Report) have earned an average rating of "Hold" from the nine analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $62.00.

Several equities research analysts have recently weighed in on BHF shares. Piper Sandler upped their price target on shares of Brighthouse Financial from $52.00 to $60.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. UBS Group set a $72.00 target price on shares of Brighthouse Financial in a report on Tuesday, March 18th. Barclays upgraded shares of Brighthouse Financial from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $52.00 to $85.00 in a research report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price on shares of Brighthouse Financial from $59.00 to $56.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 7th. Finally, Morgan Stanley decreased their price target on Brighthouse Financial from $52.00 to $41.00 and set an "underweight" rating on the stock in a research note on Thursday, April 10th.

Brighthouse Financial Stock Up 1.6 %

Shares of BHF stock traded up $0.94 during midday trading on Friday, reaching $58.33. 1,228,149 shares of the stock were exchanged, compared to its average volume of 561,082. Brighthouse Financial has a 1 year low of $40.00 and a 1 year high of $64.12. The firm has a market cap of $3.36 billion, a PE ratio of 11.30 and a beta of 0.96. The company's 50 day moving average is $54.53 and its two-hundred day moving average is $53.00. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.63.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share for the quarter, beating analysts' consensus estimates of $4.56 by $1.32. Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. On average, equities research analysts predict that Brighthouse Financial will post 20.32 EPS for the current year.

Institutional Trading of Brighthouse Financial

A number of institutional investors have recently added to or reduced their stakes in BHF. Range Financial Group LLC bought a new stake in Brighthouse Financial in the 4th quarter valued at $826,000. SG Americas Securities LLC bought a new position in Brighthouse Financial during the 4th quarter worth approximately $312,000. KBC Group NV grew its stake in Brighthouse Financial by 33.1% in the fourth quarter. KBC Group NV now owns 2,664 shares of the company's stock valued at $128,000 after acquiring an additional 663 shares during the period. Institute for Wealth Management LLC. bought a new stake in Brighthouse Financial in the 4th quarter valued at $287,000. Finally, Lecap Asset Management Ltd. grew its stake in shares of Brighthouse Financial by 9.1% during the 4th quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company's stock worth $251,000 after acquiring an additional 436 shares in the last quarter. 81.24% of the stock is currently 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.