NEW YORK - Guggenheim Capital LLC has recently increased its holdings in Brighthouse Financial (NASDAQ:BHF), Inc., a provider of annuities and life insurance in the United States, by approximately 25%. This move by Guggenheim Capital underscores a growing interest in the financial services company, which has also attracted significant investments from firms such as Envestnet (NYSE:ENV) Asset Management Inc., Raymond James & Associates, PNC Financial Services Group Inc (NYSE:PNC)., Bank of Montreal Can, and MetLife (NYSE:MET) Investment Management LLC.
Brighthouse Financial's stock performance has been under scrutiny, with analysts from Jefferies Financial Group to Piper Sandler setting new price targets. The consensus among Wall Street analysts is a "Hold" rating for the company, with an expected price target around $50. The stock currently holds a 50-day average of $21.12 and a 200-day average of $21.84.
The company's financial health appears stable with a quick ratio of 0.82, indicating a reasonable liquidity status, and moderate leverage as reflected by its debt-to-equity ratio. Despite this financial standing, Brighthouse Financial's quarterly earnings, reported on November 7th, revealed that while earnings per share (EPS) surpassed forecasts, there was a notable discrepancy between actual revenue and analyst projections.
Brighthouse Financial operates through segments including Annuities, Life, and Run-off, offering products designed for wealth accumulation, wealth transfer, and income security on a tax-deferred basis. Over the past three years, the company has demonstrated a consistent dividend growth of 10.1% per annum.
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