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

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF) have received an average rating of “Hold” from the seven research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $63.14.

Several research firms recently commented on BHF. Barclays upgraded Brighthouse Financial from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $52.00 to $85.00 in a research report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price target on Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating for the company in a research report on Tuesday, January 7th. Piper Sandler lifted their price target on Brighthouse Financial from $52.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Keefe, Bruyette & Woods lifted their price target on Brighthouse Financial from $60.00 to $66.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group lowered Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 price target for the company. in a research report on Monday, February 3rd.

Insiders Place Their Bets

In other news, EVP Myles Lambert sold 8,400 shares of Brighthouse Financial stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $51.70, for a total transaction of $434,280.00. Following the completion of the sale, the executive vice president now 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John Rosenthal sold 10,000 shares of Brighthouse Financial stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $61.00, for a total transaction of $610,000.00. Following the sale, the executive vice president now directly owns 66,262 shares of the company’s stock, valued at $4,041,982. This represents a 13.11 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Brighthouse Financial

Several institutional investors and hedge funds have recently bought and sold shares of BHF. Truist Financial Corp grew its holdings in Brighthouse Financial by 20.0% in the second quarter. Truist Financial Corp now owns 7,578 shares of the company’s stock worth $328,000 after purchasing an additional 1,262 shares during the last quarter. CWM LLC grew its holdings in Brighthouse Financial by 29.4% in the third quarter. CWM LLC now owns 1,491 shares of the company’s stock worth $67,000 after purchasing an additional 339 shares during the last quarter. Creative Planning grew its holdings in Brighthouse Financial by 5.7% in the third quarter. Creative Planning now owns 7,843 shares of the company’s stock worth $353,000 after purchasing an additional 420 shares during the last quarter. nVerses Capital LLC grew its holdings in Brighthouse Financial by 24.0% in the third quarter. nVerses Capital LLC now owns 3,100 shares of the company’s stock worth $140,000 after purchasing an additional 600 shares during the last quarter. Finally, Lecap Asset Management Ltd. purchased a new position in Brighthouse Financial in the third quarter worth $216,000. 81.24% of the stock is owned by hedge funds and other institutional investors.

Brighthouse Financial Trading Down 3.9 %

Shares of Brighthouse Financial stock opened at $59.45 on Friday. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 11.52 and a beta of 1.10. The business has a 50-day moving average price of $53.13 and a 200-day moving average price of $49.01. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.63. Brighthouse Financial has a twelve month low of $40.00 and a twelve month high of $64.12.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $5.88 earnings per share for the quarter, beating analysts’ consensus estimates of $4.56 by $1.32. Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. Equities research analysts anticipate that Brighthouse Financial will post 20.32 EPS for the current fiscal year.

About Brighthouse Financial

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.