Brighthouse Financial (NASDAQ:BHF) Given Hold (C-) Rating at Weiss Ratings

Weiss Ratings reiterated their hold (c-) rating on shares of Brighthouse Financial (NASDAQ:BHF) in a report released on Tuesday,Weiss Ratings reports.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Company upped their price target on shares of Brighthouse Financial from $52.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. Morgan Stanley upped their price objective on shares of Brighthouse Financial from $42.00 to $46.00 and gave the stock an “underweight” rating in a report on Tuesday, October 7th. JPMorgan Chase & Co. upped their price objective on shares of Brighthouse Financial from $56.00 to $63.00 and gave the stock an “underweight” rating in a report on Tuesday, July 8th. Keefe, Bruyette & Woods decreased their price objective on shares of Brighthouse Financial from $57.00 to $50.00 and set a “market perform” rating for the company in a report on Monday, August 11th. Finally, Piper Sandler restated a “neutral” rating and issued a $53.00 price objective on shares of Brighthouse Financial in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Brighthouse Financial currently has a consensus rating of “Hold” and an average price target of $59.30.

Brighthouse Financial Price Performance

BHF stock opened at $49.92 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93. Brighthouse Financial has a one year low of $42.07 and a one year high of $64.12. The stock has a market cap of $2.85 billion, a PE ratio of 5.40 and a beta of 0.86. The firm has a 50 day simple moving average of $48.48 and a two-hundred day simple moving average of $52.33.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings data on Thursday, August 7th. The company reported $3.43 earnings per share for the quarter, missing analysts’ consensus estimates of $4.70 by ($1.27). Brighthouse Financial had a return on equity of 21.06% and a net margin of 10.24%.The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the previous year, the firm posted $5.57 earnings per share. The company’s revenue was down 2.8% compared to the same quarter last year. On average, analysts predict that Brighthouse Financial will post 20.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BHF. Norges Bank acquired a new position in Brighthouse Financial in the 2nd quarter valued at $41,182,000. First Trust Advisors LP raised its stake in Brighthouse Financial by 2,224.3% in the 2nd quarter. First Trust Advisors LP now owns 514,080 shares of the company’s stock valued at $27,642,000 after purchasing an additional 491,962 shares during the last quarter. Royal Bank of Canada raised its stake in Brighthouse Financial by 41.0% in the 1st quarter. Royal Bank of Canada now owns 985,215 shares of the company’s stock valued at $57,134,000 after purchasing an additional 286,607 shares during the last quarter. Soros Fund Management LLC raised its stake in Brighthouse Financial by 47.9% in the 2nd quarter. Soros Fund Management LLC now owns 764,750 shares of the company’s stock valued at $41,121,000 after purchasing an additional 247,846 shares during the last quarter. Finally, Algebris UK Ltd acquired a new position in Brighthouse Financial in the 1st quarter valued at $11,761,000. 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.