Brighthouse Financial, Inc. (NASDAQ:BHF) Given Consensus Rating of “Reduce” by Brokerages

Brighthouse Financial, Inc. (NASDAQ:BHF) has earned a consensus recommendation of “Reduce” from the ten analysts that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $63.70.

A number of equities analysts recently commented on BHF shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Brighthouse Financial in a research report on Wednesday, November 12th. Morgan Stanley set a $70.00 target price on Brighthouse Financial in a research note on Thursday, November 6th. Barclays lowered their price target on shares of Brighthouse Financial from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Piper Sandler reissued a “neutral” rating and issued a $53.00 price objective on shares of Brighthouse Financial in a report on Tuesday, October 7th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Brighthouse Financial from $50.00 to $70.00 and gave the stock a “market perform” rating in a research report on Friday, November 7th.

Brighthouse Financial Stock Performance

BHF opened at $65.62 on Tuesday. Brighthouse Financial has a twelve month low of $42.07 and a twelve month high of $66.33. The firm has a market capitalization of $3.75 billion, a PE ratio of 4.48 and a beta of 0.94. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.49. The firm’s 50-day moving average price is $52.43 and its 200 day moving average price is $52.61.

Brighthouse Financial (NASDAQ:BHF) last released its earnings results on Friday, November 7th. The company reported $4.54 earnings per share for the quarter, missing analysts’ consensus estimates of $5.09 by ($0.55). The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Brighthouse Financial had a return on equity of 20.59% and a net margin of 15.39%.The company’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same period last year, the business earned $3.99 earnings per share. As a group, sell-side analysts expect that Brighthouse Financial will post 20.32 EPS for the current fiscal year.

Institutional Trading of Brighthouse Financial

Several institutional investors have recently made changes to their positions in the company. LPL Financial LLC grew its position in Brighthouse Financial by 0.4% in the first quarter. LPL Financial LLC now owns 39,718 shares of the company’s stock worth $2,303,000 after acquiring an additional 173 shares during the period. PNC Financial Services Group Inc. raised its position in Brighthouse Financial by 5.3% in the first quarter. PNC Financial Services Group Inc. now owns 3,598 shares of the company’s stock valued at $209,000 after purchasing an additional 181 shares during the period. Four Tree Island Advisory LLC lifted its stake in shares of Brighthouse Financial by 1.8% in the 2nd quarter. Four Tree Island Advisory LLC now owns 12,262 shares of the company’s stock valued at $659,000 after purchasing an additional 214 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Brighthouse Financial by 19.4% during the 2nd quarter. Parallel Advisors LLC now owns 1,364 shares of the company’s stock worth $73,000 after purchasing an additional 222 shares during the period. Finally, Brooklyn Investment Group grew its holdings in shares of Brighthouse Financial by 42.0% during the 1st quarter. Brooklyn Investment Group now owns 764 shares of the company’s stock worth $44,000 after purchasing an additional 226 shares during the period. Hedge funds and other institutional investors own 81.24% of the company’s stock.

About Brighthouse Financial

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.