Analysts Set Brighthouse Financial Inc (BHF) Price Target at $48.40

Brighthouse Financial Inc (NASDAQ:BHF) has received an average rating of “Hold” from the fifteen analysts that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $48.89.

A number of brokerages recently issued reports on BHF. BidaskClub upgraded shares of Brighthouse Financial from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 20th. Wells Fargo & Co reiterated a “hold” rating and issued a $45.00 price objective on shares of Brighthouse Financial in a report on Tuesday, May 7th. Zacks Investment Research cut shares of Brighthouse Financial from a “buy” rating to a “hold” rating in a report on Monday, May 6th. TheStreet upgraded shares of Brighthouse Financial from a “d+” rating to a “c-” rating in a report on Thursday, April 25th. Finally, Sandler O’Neill lowered shares of Brighthouse Financial from a “buy” rating to a “hold” rating and cut their target price for the stock from $43.00 to $42.00 in a research report on Thursday, March 7th.

In related news, Director C Edward Chaplin acquired 2,700 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was acquired at an average price of $36.50 per share, with a total value of $98,550.00. Following the completion of the transaction, the director now owns 6,939 shares of the company’s stock, valued at $253,273.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.01% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. CSat Investment Advisory L.P. grew its position in Brighthouse Financial by 91.5% during the fourth quarter. CSat Investment Advisory L.P. now owns 2,064 shares of the company’s stock valued at $63,000 after buying an additional 986 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in shares of Brighthouse Financial in the 1st quarter worth about $8,335,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Brighthouse Financial by 321.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,236 shares of the company’s stock worth $1,897,000 after purchasing an additional 47,476 shares during the last quarter. Supplemental Annuity Collective Trust of NJ raised its position in shares of Brighthouse Financial by 7.7% in the 4th quarter. Supplemental Annuity Collective Trust of NJ now owns 14,000 shares of the company’s stock worth $427,000 after purchasing an additional 1,000 shares during the last quarter. Finally, American Assets Investment Management LLC raised its position in shares of Brighthouse Financial by 242.2% in the 4th quarter. American Assets Investment Management LLC now owns 20,000 shares of the company’s stock worth $610,000 after purchasing an additional 14,155 shares during the last quarter. 94.52% of the stock is owned by hedge funds and other institutional investors.

NASDAQ BHF traded up $0.56 during trading hours on Friday, hitting $37.12. 6,140 shares of the company were exchanged, compared to its average volume of 1,709,561. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.52 and a quick ratio of 0.52. Brighthouse Financial has a 52-week low of $28.52 and a 52-week high of $48.49. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 4.99, a price-to-earnings-growth ratio of 0.37 and a beta of 2.21.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings results on Monday, May 6th. The company reported $1.98 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.12 by ($0.14). The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Brighthouse Financial had a return on equity of 6.01% and a net margin of 2.49%. Brighthouse Financial’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.36 EPS. Equities research analysts anticipate that Brighthouse Financial will post 8.96 earnings per share for the current fiscal year.

Brighthouse Financial Company Profile

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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