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

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF – Get Rating) have been given an average recommendation of “Hold” by the ten analysts that are currently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $57.13.

A number of research analysts have weighed in on the stock. Raymond James assumed coverage on shares of Brighthouse Financial in a research note on Wednesday, February 8th. They issued a “market perform” rating on the stock. Wells Fargo & Company increased their target price on shares of Brighthouse Financial from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Monday, February 13th. Morgan Stanley lowered their target price on shares of Brighthouse Financial from $65.00 to $64.00 and set an “equal weight” rating for the company in a report on Friday, February 24th. Barclays increased their target price on shares of Brighthouse Financial from $47.00 to $54.00 and gave the company an “equal weight” rating in a report on Tuesday, January 10th. Finally, Jefferies Financial Group increased their target price on shares of Brighthouse Financial from $55.00 to $60.00 and gave the company a “hold” rating in a report on Tuesday, February 21st.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BHF. Atlas Capital Advisors LLC increased its position in Brighthouse Financial by 29.8% during the 3rd quarter. Atlas Capital Advisors LLC now owns 5,308 shares of the company’s stock valued at $230,000 after purchasing an additional 1,220 shares during the period. Tudor Investment Corp Et Al purchased a new position in Brighthouse Financial during the 3rd quarter valued at $1,457,000. California Public Employees Retirement System increased its position in Brighthouse Financial by 7.2% during the 3rd quarter. California Public Employees Retirement System now owns 179,644 shares of the company’s stock valued at $7,800,000 after purchasing an additional 11,998 shares during the period. Independent Advisor Alliance increased its position in Brighthouse Financial by 7.1% during the 3rd quarter. Independent Advisor Alliance now owns 29,372 shares of the company’s stock valued at $1,275,000 after purchasing an additional 1,943 shares during the period. Finally, First Trust Advisors LP increased its position in Brighthouse Financial by 1,877.6% during the 3rd quarter. First Trust Advisors LP now owns 474,219 shares of the company’s stock valued at $20,591,000 after purchasing an additional 450,240 shares during the period. 79.90% of the stock is owned by hedge funds and other institutional investors.

Brighthouse Financial Trading Down 6.8 %

NASDAQ:BHF opened at $40.67 on Friday. The firm’s fifty day moving average is $54.71 and its 200-day moving average is $52.27. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.61 and a current ratio of 0.61. Brighthouse Financial has a 52 week low of $38.38 and a 52 week high of $60.54. The firm has a market cap of $2.75 billion, a P/E ratio of -13.16 and a beta of 1.31.

Brighthouse Financial (NASDAQ:BHF – Get Rating) last posted its quarterly earnings data on Friday, February 10th. The company reported $3.51 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $1.46. The company had revenue of $454.00 million for the quarter, compared to analyst estimates of $1.99 billion. Brighthouse Financial had a net margin of 0.06% and a return on equity of 10.36%. The company’s quarterly revenue was down 77.5% on a year-over-year basis. During the same period in the prior year, the firm posted $5.18 EPS. Equities analysts expect that Brighthouse Financial will post 14.59 earnings per share for the current year.

About Brighthouse Financial

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Brighthouse Financial, Inc operates as a holding company, which engages in the provision of life insurance and annuities through independent distribution channels and marketing arrangements with a diverse network of distribution partners. It operates through the following segments: Annuities, Life, Run-Off, and Corporate & Others.