Brighthouse Financial, Inc. (NASDAQ:BHF) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Brighthouse Financial, Inc. (NASDAQ:BHFGet Free Report) have been assigned an average recommendation of “Reduce” from the eleven research firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating and eight have issued a hold rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $60.8571.

A number of equities analysts have recently issued reports on the stock. Argus upgraded shares of Brighthouse Financial to a “hold” rating in a research report on Thursday, March 26th. Weiss Ratings lowered shares of Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Zacks Research upgraded shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $67.00 target price on shares of Brighthouse Financial in a research report on Thursday, March 26th.

View Our Latest Report on BHF

Institutional Investors Weigh In On Brighthouse Financial

Several large investors have recently bought and sold shares of the company. Carlson Capital L.P. increased its stake in Brighthouse Financial by 41.9% in the first quarter. Carlson Capital L.P. now owns 22,000 shares of the company’s stock valued at $1,317,000 after purchasing an additional 6,500 shares in the last quarter. Groupe la Francaise increased its stake in Brighthouse Financial by 35.5% in the first quarter. Groupe la Francaise now owns 180,877 shares of the company’s stock valued at $10,831,000 after purchasing an additional 47,419 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in Brighthouse Financial in the first quarter valued at about $20,359,000. Amundi grew its stake in Brighthouse Financial by 3,855.0% in the first quarter. Amundi now owns 123,276 shares of the company’s stock valued at $7,382,000 after acquiring an additional 120,159 shares during the period. Finally, California State Teachers Retirement System grew its stake in Brighthouse Financial by 25.3% in the first quarter. California State Teachers Retirement System now owns 69,588 shares of the company’s stock valued at $4,167,000 after acquiring an additional 14,052 shares during the period. Institutional investors own 81.24% of the company’s stock.

Brighthouse Financial Stock Performance

NASDAQ BHF opened at $63.09 on Friday. The stock has a market cap of $3.62 billion, a P/E ratio of -21.17 and a beta of 0.86. The company’s 50-day simple moving average is $61.83 and its 200 day simple moving average is $62.84. 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 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.56.

Brighthouse Financial (NASDAQ:BHFGet Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $4.35 EPS for the quarter, missing analysts’ consensus estimates of $4.57 by ($0.22). The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.20 billion. Brighthouse Financial had a negative net margin of 1.10% and a positive return on equity of 16.88%. Brighthouse Financial’s quarterly revenue was down 29.4% on a year-over-year basis. During the same quarter last year, the firm earned $4.17 earnings per share. As a group, research analysts forecast that Brighthouse Financial will post 19.79 earnings per share for the current fiscal year.

Brighthouse Financial Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Brighthouse Financial (NASDAQ:BHF)

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