Analysts Set Brighthouse Financial, Inc. (NASDAQ:BHF) Price Target at $50.63

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Get Free Report) have been assigned an average rating of "Reduce" from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $50.63.

A number of equities research analysts have recently weighed in on BHF shares. Keefe, Bruyette & Woods cut their price objective on Brighthouse Financial from $47.00 to $43.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 14th. Barclays started coverage on Brighthouse Financial in a research note on Wednesday, September 4th. They issued an "equal weight" rating and a $48.00 target price for the company. Piper Sandler raised their target price on Brighthouse Financial from $44.00 to $47.00 and gave the company a "neutral" rating in a research note on Wednesday, October 2nd. Evercore ISI lowered their target price on Brighthouse Financial from $56.00 to $52.00 and set an "in-line" rating for the company in a research note on Thursday, August 8th. Finally, Wells Fargo & Company raised their target price on Brighthouse Financial from $40.00 to $41.00 and gave the company an "underweight" rating in a research note on Thursday, October 10th.

Brighthouse Financial Trading Down 3.0 %

BHF traded down $1.58 on Tuesday, hitting $50.80. 546,498 shares of the company were exchanged, compared to its average volume of 425,449. The firm has a fifty day simple moving average of $48.46 and a two-hundred day simple moving average of $45.81. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.92 and a current ratio of 0.92. Brighthouse Financial has a 12 month low of $40.00 and a 12 month high of $56.24. The stock has a market capitalization of $3.01 billion, a PE ratio of -2.49 and a beta of 1.06.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $3.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.50 by ($0.51). Brighthouse Financial had a positive return on equity of 23.54% and a negative net margin of 24.40%. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the previous year, the business earned $4.18 earnings per share. Sell-side analysts expect that Brighthouse Financial will post 18.47 earnings per share for the current year.

Insider Buying and Selling at Brighthouse Financial

In related news, EVP John Rosenthal sold 4,265 shares of Brighthouse Financial stock in a transaction on Friday, October 11th. The stock was sold at an average price of $46.04, for a total value of $196,360.60. Following the completion of the sale, the executive vice president now owns 86,262 shares of the company's stock, valued at $3,971,502.48. The trade was a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.40% of the stock is owned by company insiders.

Institutional Trading of Brighthouse Financial

Several large investors have recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in Brighthouse Financial by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,091,462 shares of the company's stock valued at $49,160,000 after purchasing an additional 8,004 shares during the period. XTX Topco Ltd lifted its position in shares of Brighthouse Financial by 20.3% in the third quarter. XTX Topco Ltd now owns 27,974 shares of the company's stock valued at $1,260,000 after acquiring an additional 4,726 shares in the last quarter. Weiss Asset Management LP purchased a new position in shares of Brighthouse Financial in the third quarter valued at about $782,000. Two Sigma Advisers LP lifted its position in shares of Brighthouse Financial by 12.6% in the third quarter. Two Sigma Advisers LP now owns 320,700 shares of the company's stock valued at $14,441,000 after acquiring an additional 35,800 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Brighthouse Financial by 2.2% in the third quarter. State Street Corp now owns 2,314,905 shares of the company's stock valued at $104,240,000 after acquiring an additional 50,441 shares in the last quarter. Institutional investors 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.