Brokerages Set Brighthouse Financial, Inc. (NASDAQ:BHF) Target Price at $52.00

Brighthouse Financial, Inc. (NASDAQ:BHF) has earned a consensus rating of “Reduce” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $52.00.

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

Brighthouse Financial Stock Performance

Shares of BHF stock opened at $45.92 on Wednesday. The business’s 50 day simple moving average is $44.96 and its 200 day simple moving average is $47.37. Brighthouse Financial has a one year low of $40.24 and a one year high of $56.24. The stock has a market capitalization of $2.85 billion, a PE ratio of -2.41 and a beta of 1.08. 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 announced its earnings results on Tuesday, May 7th. The company reported $4.25 EPS for the quarter, beating the consensus estimate of $3.96 by $0.29. Brighthouse Financial had a positive return on equity of 23.49% and a negative net margin of 38.05%. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the prior year, the business posted $2.86 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. As a group, research analysts forecast that Brighthouse Financial will post 15.01 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP John Rosenthal sold 5,000 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now owns 96,262 shares in the company, valued at $4,428,052. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, 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 completion of the transaction, the chief financial officer now directly owns 44,765 shares of the company’s stock, valued at $1,876,101.15. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP John Rosenthal sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $46.00, for a total value of $230,000.00. Following the transaction, the executive vice president now directly owns 96,262 shares of the company’s stock, valued at $4,428,052. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

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

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.