Brighthouse Financial (BHF) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of Brighthouse Financial (NASDAQ:BHF) from a sell rating to a hold rating in a report issued on Monday, April 1st, BidAskClub reports.

Several other brokerages have also commented on BHF. Wells Fargo & Co reissued a hold rating on shares of Brighthouse Financial in a report on Tuesday, January 8th. Sandler O’Neill raised shares of Brighthouse Financial from a hold rating to a buy rating in a research note on Wednesday, January 2nd. Deutsche Bank cut shares of Brighthouse Financial from a buy rating to a hold rating in a research note on Thursday, February 28th. Zacks Investment Research cut shares of Brighthouse Financial from a hold rating to a sell rating in a research report on Monday, January 21st. Finally, Credit Suisse Group reissued a neutral rating on shares of Brighthouse Financial in a research report on Monday, December 31st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $47.64.

BHF stock traded down $0.88 during trading on Monday, reaching $40.25. The company had a trading volume of 1,365,575 shares, compared to its average volume of 1,812,473. The stock has a market capitalization of $4.80 billion, a PE ratio of 5.41, a price-to-earnings-growth ratio of 0.40 and a beta of 2.11. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.27. Brighthouse Financial has a twelve month low of $28.52 and a twelve month high of $52.77.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings results on Monday, February 11th. The company reported $1.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.18). The business had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Brighthouse Financial had a return on equity of 6.53% and a net margin of 9.65%. On average, equities research analysts expect that Brighthouse Financial will post 8.99 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. CSat Investment Advisory L.P. increased its stake in shares of Brighthouse Financial by 91.5% during the fourth quarter. CSat Investment Advisory L.P. now owns 2,064 shares of the company’s stock worth $63,000 after buying an additional 986 shares during the period. Hsbc Holdings PLC acquired a new position in Brighthouse Financial in the third quarter valued at approximately $3,536,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Brighthouse Financial by 321.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,236 shares of the company’s stock valued at $1,897,000 after purchasing an additional 47,476 shares in the last quarter. Supplemental Annuity Collective Trust of NJ boosted its holdings in Brighthouse Financial by 7.7% in the fourth quarter. Supplemental Annuity Collective Trust of NJ now owns 14,000 shares of the company’s stock valued at $427,000 after purchasing an additional 1,000 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Brighthouse Financial by 34.1% in the third quarter. The Manufacturers Life Insurance Company now owns 121,853 shares of the company’s stock valued at $5,390,000 after purchasing an additional 31,006 shares in the last quarter. Hedge funds and other institutional investors own 94.12% 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 offers 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.

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Analyst Recommendations for Brighthouse Financial (NASDAQ:BHF)

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