Brighthouse Financial, Inc. (NASDAQ:BHF) Stock Has Average Price Target of $67.33

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF) have received an average rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $64.00.

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of Brighthouse Financial to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings cut shares of Brighthouse Financial from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 10th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Brighthouse Financial from $67.00 to $57.00 and set a “market perform” rating on the stock in a research report on Friday.

Brighthouse Financial Price Performance

Shares of NASDAQ BHF opened at $48.53 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48. Brighthouse Financial has a twelve month low of $44.51 and a twelve month high of $66.80. The stock has a 50 day moving average of $53.43 and a two-hundred day moving average of $59.36. The stock has a market cap of $2.79 billion, a P/E ratio of 3.87, a P/E/G ratio of 0.64 and a beta of 0.83.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings data 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 firm had revenue of $1.62 billion during the quarter, compared to analyst estimates 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 was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.43 earnings per share. On average, research analysts forecast that Brighthouse Financial will post 18.91 earnings per share for the current year.

Institutional Investors Weigh In On Brighthouse Financial

A number of institutional investors and hedge funds have recently made changes to their positions in BHF. Byrne Asset Management LLC purchased a new stake in shares of Brighthouse Financial during the third quarter worth approximately $235,000. QRG Capital Management Inc. lifted its holdings in shares of Brighthouse Financial by 15.5% during the second quarter. QRG Capital Management Inc. now owns 3,967 shares of the company’s stock worth $251,000 after purchasing an additional 532 shares during the period. Sequoia Financial Advisors LLC grew its position in Brighthouse Financial by 41.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,241 shares of the company’s stock valued at $458,000 after buying an additional 2,106 shares during the last quarter. Maven Securities LTD purchased a new position in Brighthouse Financial in the 2nd quarter valued at $1,914,000. Finally, Nykredit A S purchased a new position in Brighthouse Financial in the 2nd quarter valued at $170,000. 81.24% of the stock is owned by hedge funds and other institutional investors.

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.