Brighthouse Financial, Inc. (NASDAQ:BHF) Receives $51.75 Consensus PT from Brokerages

Brighthouse Financial, Inc. (NASDAQ:BHF) has earned a consensus recommendation of “Reduce” from the eight brokerages that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $51.75.

Several research firms have weighed in on BHF. Piper Sandler dropped their price objective on Brighthouse Financial from $55.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Wells Fargo & Company raised their price target on Brighthouse Financial from $40.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday, October 10th. Finally, Barclays boosted their price objective on shares of Brighthouse Financial from $48.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, December 16th.

Brighthouse Financial Trading Up 0.1 %

NASDAQ:BHF opened at $48.04 on Friday. The firm has a market capitalization of $2.85 billion, a P/E ratio of -2.36 and a beta of 1.06. Brighthouse Financial has a 52 week low of $40.00 and a 52 week high of $54.73. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.56. The company has a fifty day moving average of $49.74 and a 200 day moving average of $46.65.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings data on Thursday, November 7th. The company reported $3.99 EPS for the quarter, missing the consensus estimate of $4.50 by ($0.51). The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.21 billion. Brighthouse Financial had a negative net margin of 24.40% and a positive return on equity of 23.54%. During the same period last year, the company posted $4.18 earnings per share. On average, research analysts predict that Brighthouse Financial will post 18.47 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Myles Lambert sold 8,400 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $51.70, for a total value of $434,280.00. Following the sale, the executive vice president now owns 33,407 shares in the company, valued at $1,727,141.90. This represents a 20.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John Rosenthal sold 4,265 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $46.04, for a total value of $196,360.60. Following the transaction, the executive vice president now directly owns 86,262 shares of the company’s stock, valued at approximately $3,971,502.48. This trade represents a 4.71 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Brighthouse Financial

A number of hedge funds have recently bought and sold shares of BHF. Ingalls & Snyder LLC raised its holdings in Brighthouse Financial by 63.0% in the second quarter. Ingalls & Snyder LLC now owns 24,453 shares of the company’s stock worth $1,060,000 after buying an additional 9,450 shares during the last quarter. Range Financial Group LLC raised its holdings in Brighthouse Financial by 7.8% in the 2nd quarter. Range Financial Group LLC now owns 11,957 shares of the company’s stock worth $518,000 after acquiring an additional 861 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Brighthouse Financial by 5.3% in the 2nd quarter. Victory Capital Management Inc. now owns 30,027 shares of the company’s stock worth $1,301,000 after acquiring an additional 1,522 shares during the last quarter. Great Lakes Advisors LLC lifted its position in Brighthouse Financial by 3,362.1% in the 2nd quarter. Great Lakes Advisors LLC now owns 158,149 shares of the company’s stock valued at $6,854,000 after acquiring an additional 153,581 shares in the last quarter. Finally, Oak Thistle LLC purchased a new stake in Brighthouse Financial during the 2nd quarter valued at $327,000. Institutional investors own 81.24% of the company’s stock.

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.