Brighthouse Financial (BHF) Gets a Hold Rating from Morgan Stanley

Morgan Stanley analyst Nigel Dally maintained a Hold rating on Brighthouse Financial (BHFResearch Report) today and set a price target of $60.00. The company’s shares closed last Friday at $56.06, close to its 52-week high of $56.90.

According to TipRanks.com, Dally is a 5-star analyst with an average return of 20.0% and a 67.5% success rate. Dally covers the Financial sector, focusing on stocks such as American Equity Investment Life, Jackson Financial Incorporation, and Ameriprise Financial.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Brighthouse Financial with a $56.00 average price target, representing a 0.0% upside. In a report issued on January 5, Evercore ISI also downgraded the stock to Hold with a $57.00 price target.

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Based on Brighthouse Financial’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.51 billion and net profit of $383 million. In comparison, last year the company earned revenue of $309 million and had a GAAP net loss of $3 billion.

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Brighthouse Financial, Inc. operates as a holding company, which engages in the provision of life insurance and annuities through independent distribution channels and marketing arrangements with diverse network of distribution partners. It operates through the following segments: Annuities; Life; Run-Off; and Corporate & Others. The Annuities segment product offerings include fixed, structured, income and variable annuities. The Life segment manufactures products to serve its target segments through a broad independent distribution network. The Run-Off segment includes structured settlements, pension risk transfer contracts, certain company-owned life insurance policies, funding agreements and universal life with secondary guarantees. The Corporate & Other segment refers to the general account investments and the separate account assets of the company. The company was founded on August 1, 2016 and is headquartered in Charlotte, NC.

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