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.
Wall Street Analysts Forecast Growth
BHF has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on Brighthouse Financial from $59.00 to $50.00 in a research report on Monday, July 11th. Piper Sandler dropped their price target on shares of Brighthouse Financial from $50.00 to $43.00 and set a "neutral" rating on the stock in a research note on Friday, July 8th. Morgan Stanley cut 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 report on Wednesday, July 6th. Barclays increased their price objective 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. Finally, Evercore ISI cut 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 research note on Wednesday, July 6th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $54.70.
Brighthouse Financial Stock Up 1.8 %
Shares of NASDAQ:BHF opened at $50.39 on Friday. The stock has a market cap of $3.62 billion, a PE ratio of 1.97 and a beta of 1.36. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31. Brighthouse Financial has a 12-month low of $38.38 and a 12-month high of $62.33. The company has a 50-day moving average of $42.85 and a 200 day moving average of $48.55.
Brighthouse Financial (NASDAQ:BHF - Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.44 by ($3.11). Brighthouse Financial had a net margin of 18.70% and a return on equity of 11.46%. The company had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2 billion. During the same quarter last year, the company earned $5.32 earnings per share. Brighthouse Financial's revenue for the quarter was down 11.0% on a year-over-year basis. As a group, sell-side analysts predict that Brighthouse Financial will post 9.87 EPS for the current fiscal year.