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

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF) have received a consensus rating of “Reduce” from the seven analysts that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $51.14.

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

Insider Buying and Selling

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

Institutional Investors Weigh In On Brighthouse Financial

Several institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC raised its stake in shares of Brighthouse Financial by 2.4% in the third quarter. Kestra Advisory Services LLC now owns 12,349 shares of the company’s stock valued at $604,000 after acquiring an additional 285 shares during the period. Capula Management Ltd lifted its stake in Brighthouse Financial by 3.1% in the third quarter. Capula Management Ltd now owns 10,000 shares of the company’s stock worth $489,000 after purchasing an additional 300 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Brighthouse Financial by 36.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,143 shares of the company’s stock valued at $60,000 after buying an additional 303 shares during the period. Quent Capital LLC boosted its position in shares of Brighthouse Financial by 23.0% during the fourth quarter. Quent Capital LLC now owns 2,046 shares of the company’s stock valued at $108,000 after buying an additional 382 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Brighthouse Financial by 1.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 24,187 shares of the company’s stock valued at $1,280,000 after buying an additional 388 shares during the last quarter. 81.24% of the stock is owned by institutional investors.

Brighthouse Financial Price Performance

NASDAQ BHF opened at $50.50 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.63. Brighthouse Financial has a 12 month low of $39.24 and a 12 month high of $56.24. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of -2.72 and a beta of 1.16. The company’s 50 day moving average is $48.26 and its two-hundred day moving average is $49.78.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $2.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period last year, the company earned $3.51 earnings per share. As a group, research analysts anticipate that Brighthouse Financial will post 17.12 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.