Brighthouse Financial (NASDAQ:BHF) Receives Hold (C-) Rating from Weiss Ratings

Key Points

• Brighthouse Financial received a "hold (C-)" rating from Weiss Ratings, indicating a generally cautious outlook on the stock.
• Analyst price targets for Brighthouse Financial's stock vary, with JPMorgan raising its target to $63 but others like Evercore ISI reducing it to $55, reflecting differing views on the company's performance.
• The company reported a significant earnings miss for the last quarter, with earnings per share of $3.43 compared to the expected $4.70, contributing to a downward trend in revenue compared to the previous year.

Brighthouse Financial (NASDAQ:BHF - Get Free Report)'s stock had its "hold (c-)" rating reissued by Weiss Ratings in a report issued on Tuesday,Weiss Ratings reports.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. raised their price objective on shares of Brighthouse Financial from $56.00 to $63.00 and gave the company an "underweight" rating in a research report on Tuesday, July 8th. Keefe, Bruyette & Woods cut their price objective on shares of Brighthouse Financial from $57.00 to $50.00 and set a "market perform" rating on the stock in a research report on Monday, August 11th. Wells Fargo & Company raised their price objective on shares of Brighthouse Financial from $52.00 to $53.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 8th. Piper Sandler reaffirmed a "neutral" rating and set a $53.00 price objective on shares of Brighthouse Financial in a research report on Tuesday, October 7th. Finally, Evercore ISI cut their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $59.30.

Brighthouse Financial Trading Up 3.5%

BHF stock traded up $1.68 during mid-day trading on Tuesday, reaching $49.72. 273,023 shares of the stock traded hands, compared to its average volume of 931,897. 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 52-week low of $42.07 and a 52-week high of $64.12. The company has a market cap of $2.84 billion, a P/E ratio of 5.37 and a beta of 0.86. The stock's fifty day moving average is $48.41 and its 200-day moving average is $52.34.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted 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 buying an additional 226 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Brighthouse Financial by 1,900.0% during the 2nd quarter. IFP Advisors Inc now owns 740 shares of the company's stock valued at $40,000 after buying an additional 703 shares during the last quarter. Brooklyn Investment Group lifted its position in shares of Brighthouse Financial by 42.0% during the 1st quarter. Brooklyn Investment Group now owns 764 shares of the company's stock valued at $44,000 after buying an additional 226 shares during the last quarter. Ameriflex Group Inc. lifted 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 buying an additional 866 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted 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 buying an additional 735 shares during the last quarter. Hedge funds and other institutional investors own 81.24% of the company's stock.

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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