Brokerages Set Brighthouse Financial, Inc. (NASDAQ:BHF) Price Target at $50.63

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF) have received an average recommendation of “Reduce” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $50.63.

A number of research analysts recently issued reports on the company. Piper Sandler raised their price target on Brighthouse Financial from $44.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Barclays assumed coverage on shares of Brighthouse Financial in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $48.00 price objective on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Brighthouse Financial from $47.00 to $43.00 and set a “market perform” rating for the company in a research note on Wednesday, August 14th. Evercore ISI lowered their price target on Brighthouse Financial from $56.00 to $52.00 and set an “in-line” rating on the stock in a report on Thursday, August 8th. Finally, Wells Fargo & Company increased their price objective on Brighthouse Financial from $40.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, October 10th.

Brighthouse Financial Stock Up 0.5 %

BHF stock opened at $52.48 on Friday. The company’s 50 day moving average is $46.10 and its two-hundred day moving average is $45.43. Brighthouse Financial has a twelve month low of $40.00 and a twelve month high of $56.24. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.75. The stock has a market cap of $3.19 billion, a P/E ratio of -2.58 and a beta of 1.05.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data on Thursday, November 7th. The company reported $3.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.50 by ($0.51). Brighthouse Financial had a negative net margin of 24.40% and a positive return on equity of 24.98%. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the prior year, the company earned $4.18 EPS. Research analysts expect that Brighthouse Financial will post 18.64 earnings per share for the current fiscal year.

Insider Transactions at Brighthouse Financial

In other news, EVP John Rosenthal sold 4,265 shares of Brighthouse Financial stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $46.04, for a total transaction of $196,360.60. Following the completion of the sale, the executive vice president now directly owns 86,262 shares in the company, valued at approximately $3,971,502.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP John Rosenthal sold 4,265 shares of the business’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $46.04, for a total value of $196,360.60. Following the sale, the executive vice president now directly owns 86,262 shares in the company, valued at $3,971,502.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eric T. Steigerwalt sold 25,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $45.67, for a total transaction of $1,141,750.00. Following the transaction, the chief executive officer now owns 321,072 shares of the company’s stock, valued at $14,663,358.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,390 shares of company stock valued at $1,861,608 in the last ninety days. 1.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Brighthouse Financial

Institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. increased its position in Brighthouse Financial by 974.1% during the 3rd quarter. UMB Bank n.a. now owns 623 shares of the company’s stock worth $28,000 after purchasing an additional 565 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of Brighthouse Financial by 989.5% in the third quarter. Venturi Wealth Management LLC now owns 621 shares of the company’s stock valued at $28,000 after buying an additional 564 shares during the last quarter. CWM LLC lifted its stake in shares of Brighthouse Financial by 29.4% during the third quarter. CWM LLC now owns 1,491 shares of the company’s stock valued at $67,000 after buying an additional 339 shares during the period. GAMMA Investing LLC boosted its position in Brighthouse Financial by 97.8% during the third quarter. GAMMA Investing LLC now owns 1,729 shares of the company’s stock worth $78,000 after acquiring an additional 855 shares during the last quarter. Finally, Quarry LP purchased a new stake in Brighthouse Financial in the 2nd quarter worth approximately $89,000. 81.24% of the stock is owned by institutional investors and hedge funds.

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.