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

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Get Free Report) have earned a consensus rating of "Hold" from the nine ratings firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $62.00.

A number of equities analysts have recently weighed in on the stock. Morgan Stanley cut their price objective on shares of Brighthouse Financial from $52.00 to $41.00 and set an "underweight" rating for the company in a research report on Thursday. Wells Fargo & Company cut their price target on Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating for the company in a report on Thursday. Barclays upgraded Brighthouse Financial from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $52.00 to $85.00 in a report on Wednesday, January 29th. Keefe, Bruyette & Woods upped their target price on Brighthouse Financial from $60.00 to $66.00 and gave the company a "market perform" rating in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. decreased their price target 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.

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Brighthouse Financial Price Performance

NASDAQ:BHF traded up $0.53 during trading hours on Monday, reaching $47.82. 980,313 shares of the company traded hands, compared to its average volume of 530,904. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.92. The firm's 50-day moving average is $56.66 and its 200-day moving average is $52.01. The stock has a market cap of $2.78 billion, a P/E ratio of 9.27 and a beta of 0.91. Brighthouse Financial has a 1-year low of $40.00 and a 1-year high of $64.12.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $5.88 EPS for the quarter, beating analysts' consensus estimates of $4.56 by $1.32. Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. Equities research analysts expect that Brighthouse Financial will post 20.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Brighthouse Financial news, EVP John Rosenthal sold 10,000 shares of Brighthouse Financial stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $61.00, for a total transaction of $610,000.00. Following the transaction, the executive vice president now directly owns 66,262 shares of the company's stock, valued at $4,041,982. The trade was a 13.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Brighthouse Financial

Large investors have recently made changes to their positions in the business. Xponance Inc. boosted its position in Brighthouse Financial by 2.7% during the 4th quarter. Xponance Inc. now owns 6,860 shares of the company's stock worth $330,000 after purchasing an additional 181 shares during the period. Pinnacle Holdings LLC lifted its stake in shares of Brighthouse Financial by 0.4% during the fourth quarter. Pinnacle Holdings LLC now owns 46,297 shares of the company's stock worth $2,224,000 after purchasing an additional 191 shares in the last quarter. Amalgamated Bank boosted its position in shares of Brighthouse Financial by 0.8% in the fourth quarter. Amalgamated Bank now owns 28,345 shares of the company's stock worth $1,362,000 after buying an additional 227 shares during the period. Mariner LLC grew its stake in shares of Brighthouse Financial by 4.2% in the fourth quarter. Mariner LLC now owns 6,055 shares of the company's stock valued at $291,000 after buying an additional 242 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Brighthouse Financial by 0.5% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 72,872 shares of the company's stock valued at $3,501,000 after buying an additional 388 shares during the period. 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.