Brokerages Set Brighthouse Financial, Inc. (NASDAQ:BHF) Price Target at $51.14

Brighthouse Financial, Inc. (NASDAQ:BHF) has been assigned an average recommendation of “Reduce” from the seven research firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $51.14.

A number of equities research analysts have recently issued reports on BHF shares. Wells Fargo & Company boosted their price target on shares of Brighthouse Financial from $49.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. Keefe, Bruyette & Woods restated an “underperform” rating and set a $50.00 price objective on shares of Brighthouse Financial in a research report on Friday, February 16th. Piper Sandler increased their price target on shares of Brighthouse Financial from $48.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Finally, Morgan Stanley cut shares of Brighthouse Financial from an “equal weight” rating to an “underweight” rating and set a $52.00 price target on the stock. in a research note on Friday, February 23rd.

Insider Buying and Selling

In other Brighthouse Financial news, CEO Eric T. Steigerwalt sold 25,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $46.96, for a total transaction of $1,174,000.00. Following the completion of the sale, the chief executive officer now owns 390,765 shares in the company, valued at $18,350,324.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Brighthouse Financial news, EVP Vonda Huss sold 10,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $46.85, for a total value of $468,500.00. Following the completion of the sale, the executive vice president now directly owns 27,080 shares of the company’s stock, valued at approximately $1,268,698. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric T. Steigerwalt sold 25,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $46.96, for a total transaction of $1,174,000.00. Following the sale, the chief executive officer now directly owns 390,765 shares of the company’s stock, valued at $18,350,324.40. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Brighthouse Financial

Hedge funds have recently modified their holdings of the business. Lindbrook Capital LLC boosted its holdings in Brighthouse Financial by 412.3% during the fourth quarter. Lindbrook Capital LLC now owns 543 shares of the company’s stock worth $29,000 after buying an additional 437 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Brighthouse Financial by 123.2% during the 4th quarter. Blue Trust Inc. now owns 732 shares of the company’s stock worth $36,000 after acquiring an additional 404 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Brighthouse Financial by 36.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,143 shares of the company’s stock valued at $60,000 after purchasing an additional 303 shares during the period. GAMMA Investing LLC bought a new stake in shares of Brighthouse Financial during the 4th quarter valued at $60,000. Finally, Quent Capital LLC lifted its position in shares of Brighthouse Financial by 23.0% during the 4th quarter. Quent Capital LLC now owns 2,046 shares of the company’s stock valued at $108,000 after acquiring an additional 382 shares during the period. 81.24% of the stock is owned by institutional investors.

Brighthouse Financial Price Performance

Shares of BHF opened at $48.73 on Monday. The company has a 50 day moving average of $48.33 and a two-hundred day moving average of $49.78. The company has a market cap of $3.05 billion, a price-to-earnings ratio of -2.63 and a beta of 1.16. Brighthouse Financial has a twelve month low of $39.24 and a twelve month high of $56.24. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.63.

Brighthouse Financial (NASDAQ:BHF) last issued its earnings results on Tuesday, February 13th. The company reported $2.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.83 by ($0.91). Brighthouse Financial had a positive return on equity of 20.71% and a negative net margin of 27.01%. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period last year, the business earned $3.51 EPS. As a group, analysts predict that Brighthouse Financial will post 17.12 earnings per share for the current fiscal 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.