Brighthouse Financial (NASDAQ:BHF)‘s stock had its “neutral” rating reissued by stock analysts at Citigroup in a research report issued to clients and investors on Thursday.
A number of other analysts have also weighed in on the company. BidaskClub upgraded Brighthouse Financial from a “strong sell” rating to a “sell” rating in a report on Tuesday, April 24th. Wells Fargo & Co lowered their target price on Brighthouse Financial from $55.00 to $50.00 and set a “market perform” rating for the company in a report on Tuesday, June 19th. They noted that the move was a valuation call. UBS Group initiated coverage on Brighthouse Financial in a report on Friday, March 2nd. They set a “neutral” rating and a $58.00 target price for the company. ValuEngine lowered Brighthouse Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, Zacks Investment Research upgraded Brighthouse Financial from a “sell” rating to a “hold” rating in a report on Tuesday, March 27th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $62.66.
Shares of Brighthouse Financial opened at $40.07 on Thursday, according to MarketBeat. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.45 and a quick ratio of 0.45. Brighthouse Financial has a 52-week low of $39.52 and a 52-week high of $75.00.
Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings results on Monday, May 7th. The company reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.33. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.07 billion. Brighthouse Financial had a positive return on equity of 5.93% and a negative net margin of 1.25%. research analysts predict that Brighthouse Financial will post 8.44 EPS for the current year.
Several hedge funds have recently modified their holdings of the company. Allianz Asset Management GmbH acquired a new position in shares of Brighthouse Financial during the first quarter worth $847,000. Amalgamated Bank acquired a new position in shares of Brighthouse Financial during the first quarter worth $543,000. Principal Financial Group Inc. acquired a new position in shares of Brighthouse Financial during the first quarter worth $6,897,000. WINTON GROUP Ltd acquired a new position in shares of Brighthouse Financial during the first quarter worth $5,391,000. Finally, B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund acquired a new position in shares of Brighthouse Financial during the first quarter worth $145,000. 86.66% of the stock is currently owned by institutional investors and hedge funds.
Brighthouse Financial Company Profile
Brighthouse Financial, Inc provides a range of annuity and life insurance products in the United States. The company operates through three segments: Annuities, Life, and Run-off. It 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; and term, whole, universal, and variable life insurance products for policyholders' needs for financial security and protected wealth transfer.
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