Brighthouse Financial (NASDAQ:BHF) had its target price raised by Morgan Stanley from $27.00 to $28.00 in a research report released on Thursday morning, BenzingaRatingsTable reports. They currently have an equal weight rating on the stock.
Other equities research analysts have also issued reports about the stock. TheStreet raised shares of Brighthouse Financial from a d rating to a c- rating in a report on Tuesday, July 14th. Piper Sandler lowered their price target on shares of Brighthouse Financial from $33.00 to $28.00 and set a neutral rating on the stock in a report on Thursday, July 2nd. Royal Bank of Canada upped their price target on shares of Brighthouse Financial from $24.00 to $33.00 in a report on Wednesday, May 13th. Zacks Investment Research lowered shares of Brighthouse Financial from a buy rating to a hold rating and set a $33.00 price target on the stock. in a report on Friday, June 19th. Finally, Credit Suisse Group reaffirmed a hold rating and issued a $36.00 price target on shares of Brighthouse Financial in a report on Friday, August 7th. Three investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $33.00.
Shares of BHF traded down $0.78 during trading hours on Thursday, reaching $28.59. 5,221 shares of the company traded hands, compared to its average volume of 673,093. The stock has a market capitalization of $2.78 billion, a P/E ratio of 1.33 and a beta of 1.75. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.19. Brighthouse Financial has a 12-month low of $12.05 and a 12-month high of $48.25. The business has a fifty day moving average price of $28.89 and a 200-day moving average price of $29.77.
Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($1.20). Brighthouse Financial had a net margin of 33.37% and a return on equity of 4.55%. During the same quarter in the previous year, the business earned $2.21 EPS. As a group, research analysts predict that Brighthouse Financial will post 7.51 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of the stock. AJO LP boosted its position in Brighthouse Financial by 2,167.1% in the 2nd quarter. AJO LP now owns 1,670,544 shares of the company’s stock valued at $46,474,000 after buying an additional 1,596,856 shares during the period. Goldman Sachs Group Inc. boosted its position in Brighthouse Financial by 15.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,431,084 shares of the company’s stock valued at $39,813,000 after buying an additional 194,101 shares during the period. Geode Capital Management LLC boosted its position in Brighthouse Financial by 7.4% in the 1st quarter. Geode Capital Management LLC now owns 1,421,558 shares of the company’s stock valued at $34,359,000 after buying an additional 98,223 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in Brighthouse Financial by 8.3% in the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 1,123,029 shares of the company’s stock valued at $31,243,000 after buying an additional 85,779 shares during the period. Finally, Diamond Hill Capital Management Inc. boosted its position in Brighthouse Financial by 23.5% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 1,118,232 shares of the company’s stock valued at $27,028,000 after buying an additional 213,036 shares during the period. 86.45% of the stock is owned by hedge funds and other institutional investors.
About Brighthouse Financial
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.
See Also: Hold Rating
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