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

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Get Free Report) have been given an average recommendation of "Hold" by the nine brokerages that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $60.80.

Several research firms have recently issued reports on BHF. Piper Sandler raised their price objective on Brighthouse Financial from $52.00 to $60.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Raymond James raised Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 price objective for the company in a research note on Tuesday, March 18th. Keefe, Bruyette & Woods raised their price objective on Brighthouse Financial from $56.00 to $59.00 and gave the company a "market perform" rating in a research note on Tuesday, May 13th. Wells Fargo & Company lowered their price objective on Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Finally, Jefferies Financial Group lowered Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 price objective for the company. in a research note on Monday, February 3rd.

Institutional Investors Weigh In On Brighthouse Financial

Several hedge funds and other institutional investors have recently modified their holdings of BHF. SG Americas Securities LLC purchased a new stake in shares of Brighthouse Financial in the fourth quarter worth approximately $312,000. KBC Group NV raised its holdings in shares of Brighthouse Financial by 33.1% in the fourth quarter. KBC Group NV now owns 2,664 shares of the company's stock worth $128,000 after buying an additional 663 shares during the period. Institute for Wealth Management LLC. purchased a new stake in shares of Brighthouse Financial in the fourth quarter worth approximately $287,000. Lecap Asset Management Ltd. raised its holdings in shares of Brighthouse Financial by 9.1% in the fourth quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company's stock worth $251,000 after buying an additional 436 shares during the period. Finally, Joel Isaacson & Co. LLC purchased a new stake in shares of Brighthouse Financial in the fourth quarter worth approximately $643,000. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Brighthouse Financial Price Performance

Brighthouse Financial stock traded up $0.62 during midday trading on Tuesday, reaching $59.72. 1,224,351 shares of the stock traded hands, compared to its average volume of 582,401. The stock's fifty day moving average is $55.68 and its 200-day moving average is $54.21. Brighthouse Financial has a 12 month low of $40.00 and a 12 month high of $64.12. The stock has a market cap of $3.43 billion, a P/E ratio of 11.57 and a beta of 0.96. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.63.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $4.17 EPS for the quarter, missing analysts' consensus estimates of $4.72 by ($0.55). Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the previous year, the company posted $4.25 earnings per share. Brighthouse Financial's quarterly revenue was up 6.1% on a year-over-year basis. As a group, equities research analysts anticipate that Brighthouse Financial will post 20.32 EPS for the current year.

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.