Brighthouse Financial Inc (NASDAQ:BHF) Given Average Rating of “Hold” by Brokerages

Shares of Brighthouse Financial Inc (NASDAQ:BHF) have earned a consensus rating of “Hold” from the fifteen analysts that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a sell recommendation and nine have assigned a hold recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $41.40.

BHF has been the topic of a number of research analyst reports. UBS Group increased their price target on Verisk Analytics from $106.00 to $111.00 and gave the stock a “sell” rating in a research report on Tuesday, April 9th. Wells Fargo & Co lowered Mylan from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $33.00 to $22.00 in a research report on Tuesday, May 7th. Morgan Stanley increased their price target on Williams-Sonoma from $52.00 to $56.00 and gave the stock an “underweight” rating in a research report on Wednesday. Citigroup lowered Barrick Gold to a “neutral” rating in a research report on Thursday, May 23rd. Finally, TheStreet lowered Trinity Industries from a “b” rating to a “c” rating in a research report on Thursday, April 25th.

Shares of BHF traded up $0.53 during mid-day trading on Monday, reaching $38.34. The company had a trading volume of 614,214 shares, compared to its average volume of 1,297,330. Brighthouse Financial has a twelve month low of $28.52 and a twelve month high of $47.33. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.29. The stock’s 50-day moving average price is $37.28. The stock has a market cap of $4.44 billion, a P/E ratio of 5.15, a P/E/G ratio of 0.36 and a beta of 2.04.

Brighthouse Financial (NASDAQ:BHF) last issued its earnings results on Monday, May 6th. The company reported $1.98 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.12 by ($0.14). Brighthouse Financial had a return on equity of 6.01% and a net margin of 2.49%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the company posted $2.36 earnings per share. The company’s quarterly revenue was down 6.9% on a year-over-year basis. On average, equities analysts predict that Brighthouse Financial will post 8.91 earnings per share for the current fiscal year.

In related news, Director C Edward Chaplin purchased 2,700 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were bought at an average price of $36.50 per share, with a total value of $98,550.00. Following the purchase, the director now directly owns 6,939 shares in the company, valued at approximately $253,273.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Margaret M. Mccarthy purchased 2,941 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was bought at an average cost of $34.08 per share, for a total transaction of $100,229.28. Following the purchase, the director now owns 4,423 shares in the company, valued at $150,735.84. The disclosure for this purchase can be found here. Corporate insiders own 0.01% of the company’s stock.

A number of institutional investors have recently modified their holdings of BHF. Norges Bank acquired a new stake in Brighthouse Financial during the 4th quarter worth $62,021,000. Robeco Institutional Asset Management B.V. raised its stake in Brighthouse Financial by 8,316.1% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 619,172 shares of the company’s stock worth $22,471,000 after buying an additional 611,815 shares during the period. Great West Life Assurance Co. Can raised its stake in Brighthouse Financial by 406.7% during the 4th quarter. Great West Life Assurance Co. Can now owns 458,989 shares of the company’s stock worth $13,905,000 after buying an additional 368,397 shares during the period. Northern Trust Corp raised its stake in Brighthouse Financial by 19.5% during the 4th quarter. Northern Trust Corp now owns 1,471,117 shares of the company’s stock worth $44,840,000 after buying an additional 240,268 shares during the period. Finally, MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in Brighthouse Financial during the 1st quarter worth $8,335,000. 88.85% of the stock is currently owned by institutional investors and hedge funds.

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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