Brighthouse Financial (NASDAQ:BHF) Price Target Cut to $55.00 by Analysts at Keefe, Bruyette & Woods

Brighthouse Financial (NASDAQ:BHF) had its price target cut by Keefe, Bruyette & Woods from $57.00 to $55.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 15.06% from the company’s previous close.

BHF has been the topic of several other reports. Weiss Ratings lowered Brighthouse Financial from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 10th. Wall Street Zen upgraded Brighthouse Financial to a “hold” rating in a research report on Sunday, July 12th. Six research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $63.33.

Brighthouse Financial Price Performance

NASDAQ:BHF opened at $47.80 on Thursday. Brighthouse Financial has a 52 week low of $44.51 and a 52 week high of $66.80. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $2.75 billion, a PE ratio of 3.81, a price-to-earnings-growth ratio of 0.63 and a beta of 0.83. The stock’s 50-day moving average price is $52.58 and its 200-day moving average price is $59.10.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $4.45 earnings per share for the quarter, missing the consensus estimate of $4.86 by ($0.41). The business had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Brighthouse Financial had a net margin of 12.49% and a return on equity of 17.24%. Brighthouse Financial’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.43 EPS. As a group, equities analysts expect that Brighthouse Financial will post 18.91 EPS for the current fiscal year.

Institutional Trading of Brighthouse Financial

Several institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. purchased a new position in Brighthouse Financial in the 2nd quarter valued at $27,000. Bessemer Group Inc. boosted its stake in Brighthouse Financial by 390.3% during the 1st quarter. Bessemer Group Inc. now owns 505 shares of the company’s stock worth $30,000 after purchasing an additional 402 shares during the last quarter. Mather Group LLC. grew its holdings in shares of Brighthouse Financial by 8,900.0% during the third quarter. Mather Group LLC. now owns 630 shares of the company’s stock worth $31,000 after buying an additional 623 shares in the last quarter. Allworth Financial LP purchased a new stake in shares of Brighthouse Financial during the second quarter worth $49,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of Brighthouse Financial during the second quarter worth $55,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

About Brighthouse Financial

Brighthouse Financial, Inc (NASDAQ: BHF) is a U.S.-based insurance holding company that provides annuities and life insurance products designed to help individuals and families address retirement income, financial protection and legacy-planning needs. The company primarily serves retail customers through independent distribution partners, including financial professionals and insurance agencies.

Brighthouse Financial’s offerings include fixed, variable and index-linked annuities, as well as life insurance products such as term life, universal life and variable universal life insurance.