Brighthouse Financial (NASDAQ:BHF) Upgraded at BidaskClub

BidaskClub upgraded shares of Brighthouse Financial (NASDAQ:BHF) from a strong sell rating to a sell rating in a research note released on Thursday, BidAskClub reports.

A number of other research firms have also weighed in on BHF. Wells Fargo & Co lowered shares of Brighthouse Financial from an equal weight rating to an underweight rating and set a $40.00 target price on the stock. in a report on Monday, January 6th. TheStreet lowered shares of Brighthouse Financial from a c rating to a d+ rating in a report on Monday, March 16th. Citigroup boosted their price target on shares of Brighthouse Financial from $33.00 to $40.00 and gave the stock a sell rating in a research report on Tuesday, February 18th. They noted that the move was a valuation call. Royal Bank of Canada dropped their price target on shares of Brighthouse Financial from $50.00 to $24.00 and set a sector perform rating on the stock in a research report on Friday, March 20th. Finally, Morgan Stanley dropped their price target on shares of Brighthouse Financial from $42.00 to $26.00 and set an equal weight rating on the stock in a research report on Tuesday, March 17th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $37.10.

Shares of Brighthouse Financial stock traded down $1.26 during midday trading on Thursday, hitting $25.28. 1,309,829 shares of the company traded hands, compared to its average volume of 2,222,571. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of -3.61 and a beta of 1.84. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.51 and a current ratio of 0.51. The firm’s fifty day moving average price is $33.77 and its 200-day moving average price is $38.14. Brighthouse Financial has a 12 month low of $12.05 and a 12 month high of $48.25.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings results on Monday, February 10th. The company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.27. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.05 billion. Brighthouse Financial had a negative net margin of 11.29% and a positive return on equity of 6.57%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.56 EPS. Equities research analysts forecast that Brighthouse Financial will post 9.16 earnings per share for the current year.

In related news, Director William Francis Wallace purchased 5,000 shares of Brighthouse Financial stock in a transaction that occurred on Thursday, March 12th. The stock was bought at an average price of $22.83 per share, for a total transaction of $114,150.00. Following the completion of the transaction, the director now owns 9,694 shares in the company, valued at $221,314.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.23% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ancora Advisors LLC purchased a new stake in Brighthouse Financial during the fourth quarter valued at about $48,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Brighthouse Financial by 163.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,888 shares of the company’s stock valued at $74,000 after purchasing an additional 1,171 shares during the last quarter. Penserra Capital Management LLC purchased a new stake in Brighthouse Financial during the fourth quarter valued at about $140,000. Signaturefd LLC lifted its holdings in Brighthouse Financial by 12.3% during the fourth quarter. Signaturefd LLC now owns 3,781 shares of the company’s stock valued at $148,000 after purchasing an additional 413 shares during the last quarter. Finally, Ayalon Holdings Ltd. lifted its holdings in Brighthouse Financial by 19.7% during the fourth quarter. Ayalon Holdings Ltd. now owns 3,834 shares of the company’s stock valued at $150,000 after purchasing an additional 632 shares during the last quarter. Institutional investors own 88.72% of the company’s stock.

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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Analyst Recommendations for Brighthouse Financial (NASDAQ:BHF)

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