Brighthouse Financial, Inc. (NASDAQ:BHF) Given Consensus Rating of “Reduce” by Analysts

Brighthouse Financial, Inc. (NASDAQ:BHF) has received an average recommendation of “Reduce” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $52.00.

A number of research analysts recently weighed in on the stock. Jefferies Financial Group lifted their price objective on shares of Brighthouse Financial from $59.00 to $63.00 and gave the company a “buy” rating in a report on Monday, July 29th. Piper Sandler cut their price objective on Brighthouse Financial from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, June 28th. Keefe, Bruyette & Woods upgraded Brighthouse Financial from an “underperform” rating to a “market perform” rating and decreased their target price for the company from $48.00 to $47.00 in a report on Monday, June 17th. JPMorgan Chase & Co. upped their price target on Brighthouse Financial from $58.00 to $59.00 and gave the stock an “underweight” rating in a report on Tuesday, July 2nd. Finally, Evercore ISI decreased their price objective on Brighthouse Financial from $59.00 to $56.00 and set an “in-line” rating for the company in a research note on Wednesday, June 26th.

Insider Transactions at Brighthouse Financial

In other news, CFO Edward A. Spehar sold 7,125 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $41.91, for a total transaction of $298,608.75. Following the completion of the sale, the chief financial officer now owns 44,765 shares in the company, valued at approximately $1,876,101.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Michael J. Inserra bought 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was purchased at an average cost of $43.20 per share, with a total value of $108,000.00. Following the transaction, the director now directly owns 5,500 shares in the company, valued at $237,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Edward A. Spehar sold 7,125 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $41.91, for a total value of $298,608.75. Following the transaction, the chief financial officer now owns 44,765 shares in the company, valued at approximately $1,876,101.15. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Brighthouse Financial

Several large investors have recently modified their holdings of BHF. Lindbrook Capital LLC grew its holdings in shares of 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. lifted its position in 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 period. GAMMA Investing LLC purchased a new position in shares of Brighthouse Financial in the 4th quarter valued at approximately $60,000. Quadrant Capital Group LLC increased its holdings in shares of Brighthouse Financial by 36.1% in the fourth 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. Finally, EntryPoint Capital LLC purchased a new stake in shares of Brighthouse Financial during the first quarter worth approximately $110,000. 81.24% of the stock is owned by institutional investors and hedge funds.

Brighthouse Financial Trading Up 1.2 %

Shares of NASDAQ BHF opened at $43.96 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $2.73 billion, a PE ratio of -2.31 and a beta of 1.08. Brighthouse Financial has a twelve month low of $40.24 and a twelve month high of $56.24. The stock has a fifty day simple moving average of $44.99 and a 200-day simple moving average of $47.28.

Brighthouse Financial (NASDAQ:BHF) last released its earnings results on Tuesday, May 7th. The company reported $4.25 earnings per share for the quarter, beating the consensus estimate of $3.96 by $0.29. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.14 billion. Brighthouse Financial had a positive return on equity of 23.49% and a negative net margin of 38.05%. Brighthouse Financial’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.86 EPS. On average, equities analysts forecast that Brighthouse Financial will post 15.01 earnings per share for the current year.

Brighthouse Financial Company Profile

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.