Analysts Set Brighthouse Financial, Inc. (NASDAQ:BHF) Price Target at $58.75

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF) have been given a consensus recommendation of “Reduce” by the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $61.75.

A number of analysts recently weighed in on the stock. Jefferies Financial Group lowered shares of Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 target price on the stock. in a report on Monday, February 3rd. Barclays upgraded shares of Brighthouse Financial from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $52.00 to $85.00 in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods boosted their target price on Brighthouse Financial from $60.00 to $66.00 and gave the stock a “market perform” rating in a research report on Tuesday. Piper Sandler raised their price target on Brighthouse Financial from $52.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Finally, Wells Fargo & Company upgraded Brighthouse Financial from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $41.00 to $59.00 in a research report on Wednesday.

Insider Buying and Selling at Brighthouse Financial

In other news, EVP John Rosenthal sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $61.00, for a total value of $610,000.00. Following the transaction, the executive vice president now owns 66,262 shares in the company, valued at approximately $4,041,982. This trade represents a 13.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Myles Lambert sold 8,400 shares of Brighthouse Financial stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $51.70, for a total transaction of $434,280.00. Following the completion of the transaction, the executive vice president now directly owns 33,407 shares in the company, valued at approximately $1,727,141.90. The trade was a 20.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Brighthouse Financial

Several institutional investors have recently added to or reduced their stakes in BHF. Venturi Wealth Management LLC boosted its holdings in shares of Brighthouse Financial by 989.5% during the third quarter. Venturi Wealth Management LLC now owns 621 shares of the company’s stock worth $28,000 after purchasing an additional 564 shares during the period. Aster Capital Management DIFC Ltd raised its position in Brighthouse Financial by 327.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company’s stock valued at $44,000 after purchasing an additional 703 shares during the last quarter. CWM LLC lifted its holdings in Brighthouse Financial by 29.4% in the 3rd quarter. CWM LLC now owns 1,491 shares of the company’s stock worth $67,000 after buying an additional 339 shares during the period. KBC Group NV grew its position in shares of Brighthouse Financial by 30.2% in the 3rd quarter. KBC Group NV now owns 2,001 shares of the company’s stock worth $90,000 after buying an additional 464 shares during the last quarter. Finally, Siemens Fonds Invest GmbH purchased a new position in shares of Brighthouse Financial during the fourth quarter valued at approximately $94,000. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Brighthouse Financial Price Performance

Shares of NASDAQ BHF opened at $61.87 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.92 and a current ratio of 0.93. Brighthouse Financial has a fifty-two week low of $40.00 and a fifty-two week high of $64.12. The stock has a market cap of $3.67 billion, a PE ratio of 11.99 and a beta of 1.10. The stock has a fifty day moving average of $52.92 and a 200-day moving average of $48.87.

Brighthouse Financial (NASDAQ:BHF) last posted its earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share for the quarter, beating analysts’ consensus estimates of $4.56 by $1.32. Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. Equities research analysts anticipate that Brighthouse Financial will post 20.17 earnings per share for the current year.

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 consists of 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.