UBS Group Boosts Brighthouse Financial (NASDAQ:BHF) Price Target to $40.00

Brighthouse Financial (NASDAQ:BHF) had its price target upped by UBS Group from $37.00 to $40.00 in a research note published on Tuesday, April 9th, BenzingaRatingsTable reports. They currently have a neutral rating on the stock.

BHF has been the topic of a number of other reports. Sandler O’Neill lowered Brighthouse Financial from a buy rating to a hold rating and cut their price objective for the stock from $43.00 to $42.00 in a research note on Thursday, March 7th. BidaskClub lowered Brighthouse Financial from a sell rating to a strong sell rating in a research note on Wednesday, December 12th. Citigroup lowered Brighthouse Financial from a neutral rating to a sell rating and dropped their price target for the company from $39.00 to $35.00 in a research note on Thursday, April 4th. Finally, Wells Fargo & Co reissued a hold rating on shares of Brighthouse Financial in a research note on Tuesday, January 8th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $47.64.

Shares of Brighthouse Financial stock traded up $0.37 during midday trading on Tuesday, reaching $42.22. The company had a trading volume of 1,721,736 shares, compared to its average volume of 1,780,791. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a market cap of $4.90 billion, a P/E ratio of 5.67, a P/E/G ratio of 0.40 and a beta of 2.21. Brighthouse Financial has a fifty-two week low of $28.52 and a fifty-two week high of $52.77.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings data on Monday, February 11th. The company reported $1.56 EPS for the quarter, missing the Zacks’ consensus estimate of $1.74 by ($0.18). The company had revenue of $4.03 billion during the quarter, compared to analyst estimates of $2.05 billion. Brighthouse Financial had a return on equity of 6.53% and a net margin of 9.65%. Equities analysts anticipate that Brighthouse Financial will post 8.99 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Oppenheimer Asset Management Inc. lifted its stake in Brighthouse Financial by 6.8% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 5,273 shares of the company’s stock valued at $160,000 after buying an additional 337 shares during the period. ETF Managers Group LLC raised its position in shares of Brighthouse Financial by 15.8% during the fourth quarter. ETF Managers Group LLC now owns 2,535 shares of the company’s stock worth $77,000 after purchasing an additional 345 shares during the period. Bessemer Group Inc. raised its position in shares of Brighthouse Financial by 68.3% during the fourth quarter. Bessemer Group Inc. now owns 865 shares of the company’s stock worth $27,000 after purchasing an additional 351 shares during the period. Strs Ohio raised its position in shares of Brighthouse Financial by 34.6% during the first quarter. Strs Ohio now owns 1,440 shares of the company’s stock worth $52,000 after purchasing an additional 370 shares during the period. Finally, First Hawaiian Bank raised its position in shares of Brighthouse Financial by 18.9% during the first quarter. First Hawaiian Bank now owns 2,616 shares of the company’s stock worth $95,000 after purchasing an additional 416 shares during the period. 94.34% of the stock is currently owned by hedge funds and other institutional investors.

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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