Brighthouse Financial - BHF Stock Forecast, Price & News

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 offers 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. The Life segment provides term, universal, whole, and variable life policies for policyholders' needs for financial security and protected wealth transfer. The Run-off segment manages structured settlements, pension risk transfer contracts, certain company-owned life insurance policies, funding agreements, and universal life with secondary guarantees. The company was incorporated in 2016 and is based in Charlotte, North Carolina.

Brighthouse Financial Stock Performance

Shares of Brighthouse Financial stock traded down $0.47 on Monday, reaching $49.92. 366,663 shares of the stock were exchanged, compared to its average volume of 656,204. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.31. The business has a fifty day moving average price of $42.85 and a two-hundred day moving average price of $48.48. Brighthouse Financial has a 1-year low of $38.38 and a 1-year high of $62.33. The firm has a market capitalization of $3.59 billion, a PE ratio of 1.97 and a beta of 1.36.

Brighthouse Financial (NASDAQ:BHF - Get Rating) last issued its earnings results on Thursday, August 4th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $3.44 by ($3.11). The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2 billion. Brighthouse Financial had a return on equity of 11.46% and a net margin of 18.70%. The company's quarterly revenue was down 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.32 earnings per share. As a group, research analysts anticipate that Brighthouse Financial will post 9.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Brighthouse Financial from $59.00 to $50.00 in a research report on Monday, July 11th. Morgan Stanley reduced their price target on shares of Brighthouse Financial from $62.00 to $54.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 6th. Barclays upped their target price on shares of Brighthouse Financial from $44.00 to $45.00 and gave the company an "equal weight" rating in a report on Monday, August 8th. Piper Sandler reduced their target price on shares of Brighthouse Financial from $50.00 to $43.00 and set a "neutral" rating for the company in a report on Friday, July 8th. Finally, Evercore ISI reduced their target price on shares of Brighthouse Financial from $57.00 to $52.00 and set an "in-line" rating for the company in a report on Wednesday, July 6th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Brighthouse Financial has a consensus rating of "Hold" and a consensus target price of $54.70.