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

Brighthouse Financial, Inc. (NASDAQ:BHF) has been assigned an average rating of “Reduce” from the eight research firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $50.63.

Several research firms have weighed in on BHF. Barclays began coverage on Brighthouse Financial in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $48.00 price target on the stock. Evercore ISI reduced their price target on shares of Brighthouse Financial from $56.00 to $52.00 and set an “in-line” rating for the company in a research report on Thursday, August 8th. Wells Fargo & Company upped their price objective on shares of Brighthouse Financial from $40.00 to $41.00 and gave the company an “underweight” rating in a report on Thursday, October 10th. Piper Sandler raised their target price on shares of Brighthouse Financial from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Finally, Jefferies Financial Group upped their price target 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.

Brighthouse Financial Trading Up 0.5 %

NASDAQ:BHF opened at $52.48 on Friday. The firm has a 50 day moving average of $46.10 and a 200 day moving average of $45.43. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.75. Brighthouse Financial has a 52 week low of $40.00 and a 52 week high of $56.24. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of -2.58 and a beta of 1.05.

Brighthouse Financial (NASDAQ:BHF) last released its earnings results 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 positive return on equity of 24.98% and a negative net margin of 24.40%. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the prior year, the firm posted $4.18 EPS. As a group, sell-side analysts anticipate that Brighthouse Financial will post 18.64 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP John Rosenthal sold 4,265 shares of Brighthouse Financial stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $46.04, for a total transaction of $196,360.60. Following the transaction, the executive vice president now owns 86,262 shares in the company, valued at approximately $3,971,502.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP John Rosenthal sold 4,265 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $46.04, for a total transaction of $196,360.60. Following the completion of the transaction, the executive vice president now directly owns 86,262 shares in the company, valued at approximately $3,971,502.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Edward A. Spehar sold 7,125 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $41.74, for a total transaction of $297,397.50. Following the transaction, the chief financial officer now directly owns 37,640 shares of the company’s stock, valued at approximately $1,571,093.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,390 shares of company stock worth $1,861,608 over the last quarter. 1.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in shares of Brighthouse Financial by 974.1% in the third quarter. UMB Bank n.a. now owns 623 shares of the company’s stock valued at $28,000 after purchasing an additional 565 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in 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 purchasing an additional 564 shares during the period. CWM LLC grew its stake in Brighthouse Financial by 29.4% during the 3rd quarter. CWM LLC now owns 1,491 shares of the company’s stock worth $67,000 after purchasing an additional 339 shares in the last quarter. GAMMA Investing LLC increased its holdings in Brighthouse Financial by 97.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,729 shares of the company’s stock worth $78,000 after purchasing an additional 855 shares during the period. Finally, Quarry LP acquired a new stake in Brighthouse Financial in the 2nd quarter valued at about $89,000. 81.24% of the stock is currently owned by institutional investors and hedge funds.

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.