Citigroup set a $36.00 target price on Brighthouse Financial (NASDAQ:BHF) in a research report report published on Thursday morning, Stock Target Advisor reports. The brokerage currently has a sell rating on the stock.
BHF has been the subject of a number of other research reports. Sandler O’Neill lowered Brighthouse Financial from a buy rating to a hold rating and reduced their price objective for the company from $43.00 to $42.00 in a research report on Thursday, March 7th. BidaskClub lowered Brighthouse Financial from a hold rating to a sell rating in a research report on Friday, March 1st. TheStreet raised Brighthouse Financial from a d+ rating to a c- rating in a research report on Thursday, April 25th. Zacks Investment Research raised Brighthouse Financial from a hold rating to a buy rating and set a $45.00 price objective for the company in a research report on Wednesday, May 8th. Finally, Wells Fargo & Co reaffirmed a hold rating on shares of Brighthouse Financial in a research report on Thursday, February 28th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $47.27.
Shares of NASDAQ:BHF traded up $0.62 during trading on Thursday, hitting $37.18. The stock had a trading volume of 74,212 shares, compared to its average volume of 1,709,561. Brighthouse Financial has a 12 month low of $28.52 and a 12 month high of $48.49. The firm has a market capitalization of $4.49 billion, a P/E ratio of 5.00, a P/E/G ratio of 0.37 and a beta of 2.21. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.52 and a current ratio of 0.52.
Brighthouse Financial (NASDAQ:BHF) last announced its earnings results 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 during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the company posted $2.36 EPS. The firm’s revenue was down 6.9% on a year-over-year basis. On average, equities analysts forecast that Brighthouse Financial will post 8.96 EPS for the current fiscal year.
In other Brighthouse Financial news, Director C Edward Chaplin bought 2,700 shares of Brighthouse Financial stock in a transaction on 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 acquisition, the director now owns 6,939 shares in the company, valued at $253,273.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.01% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of BHF. Norges Bank purchased a new position in shares of Brighthouse Financial in the 4th quarter worth $62,021,000. Oregon Public Employees Retirement Fund boosted its stake in shares of Brighthouse Financial by 3,384.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,312,804 shares of the company’s stock worth $43,000 after buying an additional 1,275,123 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Brighthouse Financial by 1,228.9% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,074,563 shares of the company’s stock worth $38,996,000 after buying an additional 993,700 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Brighthouse Financial by 8,316.1% in 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 last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Brighthouse Financial by 263.6% in the 1st quarter. Wells Fargo & Company MN now owns 600,480 shares of the company’s stock worth $21,792,000 after buying an additional 435,339 shares during the last quarter. 94.52% of the stock is 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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