Brighthouse Financial, Inc. (NASDAQ:BHF) Receives $52.00 Consensus Target Price from Analysts

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF) have earned an average recommendation of “Reduce” from the nine analysts that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $52.00.

BHF has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Brighthouse Financial from $58.00 to $59.00 and gave the company an “underweight” rating in a research report on Tuesday, July 2nd. Jefferies Financial Group upped their price target on Brighthouse Financial from $59.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Evercore ISI reduced their price objective on shares of Brighthouse Financial from $59.00 to $56.00 and set an “in-line” rating on the stock in a research report on Wednesday, June 26th. Wells Fargo & Company cut their target price on shares of Brighthouse Financial from $51.00 to $50.00 and set an “equal weight” rating for the company in a research note on Friday, May 10th. Finally, Piper Sandler decreased their price target on shares of Brighthouse Financial from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, June 28th.

Insider Transactions at Brighthouse Financial

In other Brighthouse Financial news, EVP John Rosenthal sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $46.00, for a total transaction of $230,000.00. Following the sale, the executive vice president now directly owns 96,262 shares in the company, valued at $4,428,052. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Edward A. Spehar sold 7,125 shares of Brighthouse Financial stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $41.91, for a total transaction of $298,608.75. Following the completion of the transaction, the chief financial officer now directly owns 44,765 shares of the company’s stock, valued at approximately $1,876,101.15. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John Rosenthal sold 5,000 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $46.00, for a total transaction of $230,000.00. Following the transaction, the executive vice president now owns 96,262 shares in the company, valued at $4,428,052. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Lindbrook Capital LLC boosted its holdings in Brighthouse Financial by 412.3% during the 4th quarter. Lindbrook Capital LLC now owns 543 shares of the company’s stock valued at $29,000 after acquiring an additional 437 shares during the period. Blue Trust Inc. boosted its stake in shares of Brighthouse Financial by 123.2% during the fourth quarter. Blue Trust Inc. now owns 732 shares of the company’s stock valued at $36,000 after purchasing an additional 404 shares during the period. GAMMA Investing LLC bought a new position in shares of Brighthouse Financial in the fourth quarter worth about $60,000. Quadrant Capital Group LLC grew its holdings in shares of Brighthouse Financial by 36.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,143 shares of the company’s stock worth $60,000 after purchasing an additional 303 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new position in Brighthouse Financial in the 1st quarter worth about $110,000. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Brighthouse Financial Price Performance

Shares of NASDAQ:BHF opened at $43.96 on Wednesday. The company has a market capitalization of $2.73 billion, a P/E ratio of -2.31 and a beta of 1.08. Brighthouse Financial has a 1-year low of $40.24 and a 1-year high of $56.24. The firm’s 50 day simple moving average is $44.99 and its two-hundred day simple moving average is $47.28. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.83 and a quick ratio of 0.83.

Brighthouse Financial (NASDAQ:BHF) last released its earnings results on Tuesday, May 7th. The company reported $4.25 earnings per share for the quarter, beating analysts’ consensus estimates of $3.96 by $0.29. Brighthouse Financial had a negative net margin of 38.05% and a positive return on equity of 23.49%. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the previous year, the company earned $2.86 EPS. Brighthouse Financial’s revenue for the quarter was up 4.2% on a year-over-year basis. Research analysts expect that Brighthouse Financial will post 15.01 EPS 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.