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

Brighthouse Financial, Inc. (NASDAQ:BHF) has received an average recommendation of “Reduce” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $51.38.

Several equities research analysts have commented on BHF shares. Barclays boosted their target price on Brighthouse Financial from $48.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, December 16th. Piper Sandler cut their target price on Brighthouse Financial from $55.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. JPMorgan Chase & Co. cut their target price on Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company cut their target price on Brighthouse Financial from $42.00 to $41.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th.

Insider Transactions at Brighthouse Financial

In related news, EVP Myles Lambert sold 8,400 shares of the business’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 transaction of $434,280.00. Following the transaction, the executive vice president now directly owns 33,407 shares of the company’s stock, valued at approximately $1,727,141.90. The trade was a 20.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

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

Brighthouse Financial Trading Down 0.3 %

NASDAQ:BHF opened at $50.68 on Wednesday. Brighthouse Financial has a fifty-two week low of $40.00 and a fifty-two week high of $54.73. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $3.01 billion, a PE ratio of -2.49 and a beta of 1.08. The business’s 50-day simple moving average is $49.48 and its 200-day simple moving average is $47.34.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data on Thursday, November 7th. The company reported $3.99 earnings per share 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 23.54%. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter last year, the firm earned $4.18 EPS. Sell-side analysts expect that Brighthouse Financial will post 18.2 earnings per share for the current fiscal 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.