Brighthouse Financial, Inc. (NASDAQ:BHF) Receives $63.70 Average Target Price from Analysts

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF) have been assigned a consensus recommendation of “Reduce” from the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and nine have assigned a hold recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $63.70.

A number of equities research analysts have recently issued reports on the stock. Piper Sandler reaffirmed a “neutral” rating and set a $53.00 target price on shares of Brighthouse Financial in a report on Tuesday, October 7th. Wells Fargo & Company boosted their price target on shares of Brighthouse Financial from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Raymond James Financial reiterated a “market perform” rating on shares of Brighthouse Financial in a report on Wednesday, November 12th. Keefe, Bruyette & Woods boosted their target price on Brighthouse Financial from $50.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, November 7th. Finally, Barclays lowered Brighthouse Financial from an “overweight” rating to an “equal weight” rating and set a $65.00 price target for the company. in a research report on Thursday, January 8th.

Brighthouse Financial Stock Performance

Shares of BHF stock traded down $0.10 on Wednesday, hitting $63.91. The company had a trading volume of 14,882 shares, compared to its average volume of 909,087. Brighthouse Financial has a twelve month low of $42.07 and a twelve month high of $66.33. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.49. The firm has a market cap of $3.65 billion, a P/E ratio of 4.37 and a beta of 0.97. The company has a 50-day moving average price of $64.97 and a 200-day moving average price of $54.57.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings data 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). Brighthouse Financial had a return on equity of 20.59% and a net margin of 15.39%.The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the company posted $3.99 EPS. The company’s revenue was down 10.0% on a year-over-year basis. As a group, equities research analysts predict that Brighthouse Financial will post 20.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BHF. Smartleaf Asset Management LLC increased its position in Brighthouse Financial by 66.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock valued at $31,000 after acquiring an additional 226 shares during the period. Clearstead Advisors LLC grew its stake in shares of Brighthouse Financial by 540.4% in the 3rd quarter. Clearstead Advisors LLC now owns 634 shares of the company’s stock valued at $34,000 after purchasing an additional 535 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Brighthouse Financial by 225.5% in the third quarter. Hantz Financial Services Inc. now owns 664 shares of the company’s stock valued at $35,000 after purchasing an additional 460 shares during the period. Danske Bank A S acquired a new position in shares of Brighthouse Financial in the third quarter valued at approximately $37,000. Finally, IFP Advisors Inc lifted its holdings in shares of Brighthouse Financial by 1,900.0% during the second quarter. IFP Advisors Inc now owns 740 shares of the company’s stock worth $40,000 after purchasing an additional 703 shares during the period. Institutional investors and hedge funds own 81.24% of the company’s stock.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc is a U.S.-based life insurance company that specializes in retirement income solutions and annuity products. The firm was established in August 2017 as a spin-off from MetLife, Inc, and is headquartered in Charlotte, North Carolina. Since its separation, Brighthouse Financial has focused on providing products designed to help individuals and families manage retirement income needs, drawing on decades of experience in life insurance and annuity administration inherited from its parent company.

The company’s core product offerings include fixed indexed annuities, which allow policyholders to participate in market-linked gains while protecting against downside market risk, and single premium immediate annuities, which provide guaranteed lifetime income.