Brighthouse Financial (NASDAQ:BHF) Price Target Increased to $63.00 by Analysts at Jefferies Financial Group

Brighthouse Financial (NASDAQ:BHF) had its price target upped by research analysts at Jefferies Financial Group from $59.00 to $63.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 28.36% from the company’s previous close.

A number of other research firms have also issued reports on BHF. JPMorgan Chase & Co. upped their target price on shares of Brighthouse Financial from $58.00 to $59.00 and gave the stock an “underweight” rating in a report on Tuesday, July 2nd. Evercore ISI dropped their price objective on shares of Brighthouse Financial from $59.00 to $56.00 and set an “in-line” rating for the company in a report on Wednesday, June 26th. Wells Fargo & Company dropped their price objective on shares of Brighthouse Financial from $51.00 to $50.00 and set an “equal weight” rating for the company in a report on Friday, May 10th. Piper Sandler dropped their price objective on shares of Brighthouse Financial from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, June 28th. Finally, Keefe, Bruyette & Woods raised shares of Brighthouse Financial from an “underperform” rating to a “market perform” rating and lowered their target price for the stock from $48.00 to $47.00 in a research note on Monday, June 17th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $52.00.

Brighthouse Financial Stock Down 0.0 %

Shares of Brighthouse Financial stock traded down $0.02 on Monday, reaching $49.08. The stock had a trading volume of 298,162 shares, compared to its average volume of 445,520. The company has a 50 day moving average price of $44.48 and a 200 day moving average price of $47.44. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.74. Brighthouse Financial has a 1 year low of $40.24 and a 1 year high of $56.24. The stock has a market capitalization of $3.05 billion, a P/E ratio of -2.58 and a beta of 1.09.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $4.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.29. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.14 billion. Brighthouse Financial had a negative net margin of 38.05% and a positive return on equity of 23.49%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.86 EPS. As a group, equities research analysts forecast that Brighthouse Financial will post 15.01 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Edward A. Spehar sold 7,125 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $41.91, for a total value of $298,608.75. Following the sale, the chief financial officer now directly owns 44,765 shares in the company, valued at approximately $1,876,101.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Michael J. Inserra acquired 2,500 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was bought at an average price of $43.20 per share, with a total value of $108,000.00. Following the purchase, the director now directly owns 5,500 shares in the company, valued at approximately $237,600. The purchase was disclosed in a filing 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 that occurred on Wednesday, May 29th. The stock was sold at an average price of $41.91, for a total transaction of $298,608.75. Following the sale, the chief financial officer now directly owns 44,765 shares of the company’s stock, valued at approximately $1,876,101.15. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Institutional Trading of Brighthouse Financial

A number of institutional investors and hedge funds have recently bought and sold shares of BHF. Lindbrook Capital LLC boosted its stake in shares of 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 buying an additional 437 shares during the last quarter. Blue Trust Inc. lifted its stake in Brighthouse Financial by 123.2% during the fourth quarter. Blue Trust Inc. now owns 732 shares of the company’s stock worth $36,000 after purchasing an additional 404 shares during the last quarter. GAMMA Investing LLC bought a new position in Brighthouse Financial during the fourth quarter worth $60,000. Quadrant Capital Group LLC lifted its stake in Brighthouse Financial by 36.1% during 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, Quent Capital LLC lifted its stake in Brighthouse Financial by 23.0% during the fourth quarter. Quent Capital LLC now owns 2,046 shares of the company’s stock worth $108,000 after purchasing an additional 382 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

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.