Brighthouse Financial, Inc. (NASDAQ:BHF) Receives Average Rating of "Reduce" from Analysts

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Get Free Report) have received an average rating of "Reduce" from the eight brokerages that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $61.75.

BHF has been the subject of several analyst reports. Piper Sandler raised their price objective on Brighthouse Financial from $52.00 to $60.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Jefferies Financial Group downgraded Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 price target for the company. in a research note on Monday, February 3rd. JPMorgan Chase & Co. dropped their price objective on Brighthouse Financial from $59.00 to $56.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 7th. Barclays raised Brighthouse Financial from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $52.00 to $85.00 in a report on Wednesday, January 29th. Finally, Wells Fargo & Company upgraded shares of Brighthouse Financial from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $41.00 to $59.00 in a report on Wednesday.

Brighthouse Financial Stock Up 0.3 %

Shares of Brighthouse Financial stock traded up $0.21 during trading on Friday, reaching $63.02. The stock had a trading volume of 684,537 shares, compared to its average volume of 743,433. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 12.21 and a beta of 1.10. Brighthouse Financial has a 52 week low of $40.00 and a 52 week high of $64.12. The stock has a fifty day moving average price of $52.37 and a two-hundred day moving average price of $48.68.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $5.88 EPS for the quarter, topping the consensus estimate of $4.56 by $1.32. Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. Sell-side analysts predict that Brighthouse Financial will post 20.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other Brighthouse Financial news, EVP Myles Lambert sold 8,400 shares of the 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 transaction, the executive vice president now owns 33,407 shares in the company, valued at $1,727,141.90. This represents a 20.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John Rosenthal sold 10,000 shares of the business's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $61.00, for a total value of $610,000.00. Following the completion of the sale, the executive vice president now owns 66,262 shares of the company's stock, valued at approximately $4,041,982. This trade represents a 13.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Venturi Wealth Management LLC lifted its position in Brighthouse Financial by 989.5% during the third quarter. Venturi Wealth Management LLC now owns 621 shares of the company's stock worth $28,000 after purchasing an additional 564 shares during the period. Aster Capital Management DIFC Ltd increased its holdings in Brighthouse Financial by 327.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company's stock valued at $44,000 after buying an additional 703 shares during the period. CWM LLC raised its position in shares of Brighthouse Financial by 29.4% in the 3rd quarter. CWM LLC now owns 1,491 shares of the company's stock valued at $67,000 after buying an additional 339 shares in the last quarter. KBC Group NV lifted its holdings in shares of Brighthouse Financial by 30.2% during the 3rd quarter. KBC Group NV now owns 2,001 shares of the company's stock worth $90,000 after acquiring an additional 464 shares during the period. Finally, Siemens Fonds Invest GmbH bought a new stake in shares of Brighthouse Financial during the 4th quarter worth approximately $94,000. Institutional investors own 81.24% of the company's stock.

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.