Brighthouse Financial (BHF) PT Lowered to $55.00 at Morgan Stanley

Brighthouse Financial (NASDAQ:BHF) had its price objective cut by Morgan Stanley from $58.00 to $55.00 in a report issued on Tuesday morning. They currently have an equal weight rating on the stock.

Several other analysts have also recently issued reports on BHF. Barclays decreased their target price on shares of Brighthouse Financial from $72.00 to $60.00 and set an overweight rating on the stock in a research report on Monday, July 9th. B. Riley decreased their target price on shares of Brighthouse Financial from $59.00 to $49.00 and set a neutral rating on the stock in a research report on Monday, July 16th. ValuEngine cut shares of Brighthouse Financial from a hold rating to a sell rating in a research report on Friday, August 3rd. Credit Suisse Group upgraded shares of Brighthouse Financial from an underperform rating to a neutral rating and set a $35.00 target price on the stock in a research report on Wednesday, August 15th. They noted that the move was a valuation call. Finally, BidaskClub raised shares of Brighthouse Financial from a strong sell rating to a sell rating in a research report on Friday, September 21st. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $56.07.

Shares of NASDAQ BHF traded down $1.80 during mid-day trading on Tuesday, hitting $41.57. 1,084,246 shares of the company’s stock traded hands, compared to its average volume of 1,791,316. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 6.93, a P/E/G ratio of 0.55 and a beta of 1.56. Brighthouse Financial has a 1 year low of $37.68 and a 1 year high of $67.55.

Brighthouse Financial (NASDAQ:BHF) last announced its earnings results on Monday, November 5th. The company reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.04. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Brighthouse Financial had a net margin of 1.33% and a return on equity of 5.49%. During the same period in the prior year, the company earned $3.31 EPS. On average, equities analysts predict that Brighthouse Financial will post 8.17 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Brighthouse Financial in the 3rd quarter worth about $472,593,000. Jennison Associates LLC purchased a new stake in Brighthouse Financial in the 3rd quarter worth about $70,648,000. EJF Capital LLC raised its position in Brighthouse Financial by 157.7% in the 2nd quarter. EJF Capital LLC now owns 1,262,500 shares of the company’s stock worth $50,588,000 after purchasing an additional 772,500 shares during the period. Bank of New York Mellon Corp bought a new position in Brighthouse Financial in the 3rd quarter worth about $54,272,000. Finally, Northern Trust Corp grew its stake in Brighthouse Financial by 20.0% in the 2nd quarter. Northern Trust Corp now owns 1,199,113 shares of the company’s stock worth $48,048,000 after acquiring an additional 199,652 shares in the last quarter. 87.32% of the stock is currently owned by institutional investors.

About Brighthouse Financial

Brighthouse Financial, Inc provides a range of annuity and life insurance products in the United States. The company operates through three segments: Annuities, Life, and Run-off. It 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; and term, whole, universal, and variable life insurance products for policyholders' needs for financial security and protected wealth transfer.

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Analyst Recommendations for Brighthouse Financial (NASDAQ:BHF)

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