Brighthouse Financial, Inc. (NASDAQ:BHF) Stock Has Consensus Target Price of $67.33

Key Points

• Analysts maintain a “Hold” consensus on Brighthouse Financial, with all six covering firms assigning hold ratings and an average 12-month price target of $67.33.
• Brighthouse shares opened at $48.99, well below their $66.80 12-month high, with a market capitalization of $2.82 billion and a low P/E ratio of 3.91.
• The company’s latest quarterly results missed expectations, reporting $4.45 in earnings per share versus the $4.86 consensus and revenue of $1.62 billion versus $2.18 billion expected; institutional investors own 81.24% of the stock.

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Get Free Report) have received a consensus recommendation of "Hold" from the six ratings firms that are currently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $67.33.

Several equities analysts have weighed in on BHF shares. Wall Street Zen raised Brighthouse Financial to a "hold" rating in a research note on Sunday, July 12th. Weiss Ratings cut shares of Brighthouse Financial from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, September 10th.

Brighthouse Financial Stock Performance

Shares of Brighthouse Financial stock opened at $48.99 on Friday. The stock has a market cap of $2.82 billion, a PE ratio of 3.91, a price-to-earnings-growth ratio of 0.66 and a beta of 0.83. The business has a fifty day simple moving average of $53.69 and a 200-day simple moving average of $59.44. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. Brighthouse Financial has a 12 month low of $44.51 and a 12 month high of $66.80.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $4.45 earnings per share for the quarter, missing analysts' consensus estimates of $4.86 by ($0.41). The business had revenue of $1.62 billion for the quarter, compared to analysts' expectations of $2.18 billion. Brighthouse Financial had a net margin of 12.49% and a return on equity of 17.24%. The business's quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.43 EPS. On average, sell-side analysts anticipate that Brighthouse Financial will post 18.91 EPS for the current fiscal year.

Institutional Trading of Brighthouse Financial

Hedge funds and other institutional investors have recently modified their holdings of the company. Byrne Asset Management LLC purchased a new stake in shares of Brighthouse Financial during the 3rd quarter worth about $235,000. QRG Capital Management Inc. increased its position in Brighthouse Financial by 15.5% during the second quarter. QRG Capital Management Inc. now owns 3,967 shares of the company's stock worth $251,000 after buying an additional 532 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in Brighthouse Financial by 41.0% during the second quarter. Sequoia Financial Advisors LLC now owns 7,241 shares of the company's stock valued at $458,000 after buying an additional 2,106 shares in the last quarter. Maven Securities LTD bought a new position in Brighthouse Financial during the second quarter valued at about $1,914,000. Finally, Nykredit A S acquired a new stake in shares of Brighthouse Financial in the second quarter worth about $170,000. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc NASDAQ: BHF is a U.S.-based insurance holding company that provides annuities and life insurance products designed to help individuals and families address retirement income, financial protection and legacy-planning needs. The company primarily serves retail customers through independent distribution partners, including financial professionals and insurance agencies.

Brighthouse Financial's offerings include fixed, variable and index-linked annuities, as well as life insurance products such as term life, universal life and variable universal life insurance.

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