Brighthouse Financial, Inc. (NASDAQ:BHF) Given Consensus Rating of “Reduce” by Analysts

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF) have been given a consensus recommendation of “Reduce” by the ten analysts that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $60.50.

BHF has been the subject of several research analyst reports. Weiss Ratings downgraded shares of Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Zacks Research raised shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Wall Street Zen upgraded shares of Brighthouse Financial to a “hold” rating in a research report on Sunday, July 12th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Handelsbanken Fonder AB raised its holdings in Brighthouse Financial by 17.9% during the second quarter. Handelsbanken Fonder AB now owns 13,800 shares of the company’s stock worth $874,000 after purchasing an additional 2,100 shares in the last quarter. Carlson Capital L.P. boosted its stake in Brighthouse Financial by 41.9% during the 1st quarter. Carlson Capital L.P. now owns 22,000 shares of the company’s stock valued at $1,317,000 after purchasing an additional 6,500 shares in the last quarter. Groupe la Francaise boosted its stake in Brighthouse Financial by 35.5% during the 1st quarter. Groupe la Francaise now owns 180,877 shares of the company’s stock valued at $10,831,000 after purchasing an additional 47,419 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of Brighthouse Financial during the 1st quarter valued at $20,359,000. Finally, Amundi increased its position in shares of Brighthouse Financial by 3,855.0% during the 1st quarter. Amundi now owns 123,276 shares of the company’s stock valued at $7,382,000 after purchasing an additional 120,159 shares during the period. Institutional investors and hedge funds own 81.24% of the company’s stock.

Brighthouse Financial Trading Up 0.8%

NASDAQ:BHF opened at $63.22 on Friday. Brighthouse Financial has a 1 year low of $42.07 and a 1 year high of $66.80. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of -21.21 and a beta of 0.86. The business has a fifty day moving average of $63.53 and a 200-day moving average of $62.61. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.91 and a current ratio of 0.91.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $4.35 EPS for the quarter, missing analysts’ consensus estimates of $4.57 by ($0.22). Brighthouse Financial had a negative net margin of 1.10% and a positive return on equity of 16.88%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same period last year, the business posted $4.17 earnings per share. Brighthouse Financial’s revenue for the quarter was down 29.4% on a year-over-year basis. Equities analysts predict that Brighthouse Financial will post 19.2 earnings per share for the current year.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based life insurance company that specializes in retirement income solutions and annuity products. The firm was established in August 2017 as a spin-off from MetLife, Inc, and is headquartered in Charlotte, North Carolina. Since its separation, Brighthouse Financial has focused on providing products designed to help individuals and families manage retirement income needs, drawing on decades of experience in life insurance and annuity administration inherited from its parent company.

The company’s core product offerings include fixed indexed annuities, which allow policyholders to participate in market-linked gains while protecting against downside market risk, and single premium immediate annuities, which provide guaranteed lifetime income.