Brighthouse Financial, Inc. (NASDAQ:BHF) Receives Average Recommendation of "Reduce" from Analysts

Key Points

• Analysts give Brighthouse Financial an average recommendation of "Reduce" across 11 brokerages (3 sell, 8 hold), with an average 1-year price target of $60.86.
• The stock is trading around $62.30 (50-day MA $61.16, 200-day MA $60.61), with a market cap of $3.56 billion, a P/E of 10.74, and a 52-week range of $42.07–$66.33.
• Institutional investors own about 81.24% of the shares, and several funds have modestly adjusted their stakes in recent quarters.

Brighthouse Financial, Inc. (NASDAQ:BHF - Get Free Report) has received an average recommendation of "Reduce" from the eleven brokerages that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $60.8571.

BHF has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reiterated a "hold" rating and issued a $67.00 target price on shares of Brighthouse Financial in a research report on Thursday, March 26th. Zacks Research cut shares of Brighthouse Financial from a "hold" rating to a "strong sell" rating in a research note on Monday, March 30th. Argus upgraded shares of Brighthouse Financial to a "hold" rating in a report on Thursday, March 26th. Weiss Ratings reissued a "hold (c)" rating on shares of Brighthouse Financial in a research note on Monday, December 29th. Finally, Barclays cut Brighthouse Financial from an "overweight" rating to an "equal weight" rating and set a $65.00 target price on the stock. in a report on Thursday, January 8th.

Brighthouse Financial Trading Up 0.3%

Shares of BHF stock opened at $62.30 on Friday. The stock's fifty day moving average is $61.16 and its two-hundred day moving average is $60.61. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $3.56 billion, a P/E ratio of 10.74 and a beta of 0.92. Brighthouse Financial has a fifty-two week low of $42.07 and a fifty-two week high of $66.33.

Institutional Trading of Brighthouse Financial

Several large investors have recently added to or reduced their stakes in BHF. NewEdge Advisors LLC increased its stake in shares of Brighthouse Financial by 442.5% in the 4th quarter. NewEdge Advisors LLC now owns 434 shares of the company's stock worth $28,000 after acquiring an additional 354 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Brighthouse Financial by 66.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 566 shares of the company's stock valued at $31,000 after acquiring an additional 226 shares during the last quarter. Clearstead Advisors LLC grew its holdings in shares of Brighthouse Financial by 540.4% in the third quarter. Clearstead Advisors LLC now owns 634 shares of the company's stock valued at $34,000 after purchasing an additional 535 shares during the period. Hantz Financial Services Inc. increased its position in Brighthouse Financial by 225.5% during the third quarter. Hantz Financial Services Inc. now owns 664 shares of the company's stock worth $35,000 after purchasing an additional 460 shares during the last quarter. Finally, Danske Bank A S acquired a new stake in Brighthouse Financial during the third quarter worth about $37,000. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc is a U.S.-based life insurance company that specializes in retirement income solutions and annuity products. The firm was established in August 2017 as a spin-off from MetLife, Inc, and is headquartered in Charlotte, North Carolina. Since its separation, Brighthouse Financial has focused on providing products designed to help individuals and families manage retirement income needs, drawing on decades of experience in life insurance and annuity administration inherited from its parent company.

The company's core product offerings include fixed indexed annuities, which allow policyholders to participate in market-linked gains while protecting against downside market risk, and single premium immediate annuities, which provide guaranteed lifetime income.

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