Wells Fargo & Co restated their hold rating on shares of Brighthouse Financial (NASDAQ:BHF) in a research report released on Tuesday, AnalystRatings.com reports. They currently have a $45.00 price objective on the stock.
Several other research analysts also recently issued reports on BHF. Zacks Investment Research raised Brighthouse Financial from a hold rating to a buy rating and set a $45.00 price objective on the stock in a report on Monday, April 15th. BidaskClub downgraded Brighthouse Financial from a hold rating to a sell rating in a research note on Monday, March 25th. TheStreet raised Brighthouse Financial from a d+ rating to a c- rating in a research note on Thursday, April 25th. UBS Group increased their price target on Brighthouse Financial from $37.00 to $40.00 and gave the company a neutral rating in a research note on Tuesday, April 9th. Finally, Citigroup downgraded Brighthouse Financial from a neutral rating to a sell rating and cut their price target for the company from $39.00 to $35.00 in a research note on Thursday, April 4th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. Brighthouse Financial presently has an average rating of Hold and an average price target of $47.18.
NASDAQ:BHF opened at $39.35 on Tuesday. Brighthouse Financial has a 52-week low of $28.52 and a 52-week high of $49.41. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.51 and a current ratio of 0.52. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 5.29, a PEG ratio of 0.38 and a beta of 2.21.
Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings data on Monday, May 6th. The company reported $1.98 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the company posted $2.36 EPS. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. On average, analysts expect that Brighthouse Financial will post 8.99 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of BHF. Pearl River Capital LLC acquired a new position in shares of Brighthouse Financial in the 4th quarter valued at $26,000. Bessemer Group Inc. increased its position in shares of Brighthouse Financial by 68.3% in the 4th quarter. Bessemer Group Inc. now owns 865 shares of the company’s stock valued at $27,000 after buying an additional 351 shares in the last quarter. Signaturefd LLC increased its position in shares of Brighthouse Financial by 387.3% in the 1st quarter. Signaturefd LLC now owns 731 shares of the company’s stock valued at $27,000 after buying an additional 581 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Brighthouse Financial by 162.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the company’s stock valued at $29,000 after buying an additional 591 shares in the last quarter. Finally, B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund bought a new stake in shares of Brighthouse Financial in the 4th quarter valued at $32,000. 93.02% of the stock is currently owned by institutional investors.
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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