Barclays Issues Positive Forecast for Brighthouse Financial (NASDAQ:BHF) Stock Price

Brighthouse Financial (NASDAQ:BHF - Get Free Report) had its target price lifted by equities research analysts at Barclays from $48.00 to $52.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price target indicates a potential upside of 5.03% from the stock's previous close.

A number of other equities analysts also recently weighed in on BHF. Wells Fargo & Company upped their price target on Brighthouse Financial from $40.00 to $41.00 and gave the stock an "underweight" rating in a research report on Thursday, October 10th. Piper Sandler raised their price objective on Brighthouse Financial from $44.00 to $47.00 and gave the company a "neutral" rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $51.13.

Brighthouse Financial Stock Up 1.5 %

Shares of NASDAQ BHF traded up $0.73 during mid-day trading on Monday, reaching $49.51. 137,673 shares of the company's stock were exchanged, compared to its average volume of 420,904. Brighthouse Financial has a twelve month low of $40.00 and a twelve month high of $54.73. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of -2.40 and a beta of 1.06. The business has a fifty day simple moving average of $49.45 and a 200 day simple moving average of $46.19.

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

Insider Activity at Brighthouse Financial

In other news, EVP Myles Lambert sold 8,400 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was 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 approximately $1,727,141.90. This trade represents a 20.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Rosenthal sold 4,265 shares of the business's stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $46.04, for a total transaction of $196,360.60. Following the completion of the sale, the executive vice president now directly owns 86,262 shares of the company's stock, valued at $3,971,502.48. This represents a 4.71 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Brighthouse Financial

A number of large investors have recently bought and sold shares of BHF. State Street Corp raised its holdings in shares of Brighthouse Financial by 2.2% during the 3rd quarter. State Street Corp now owns 2,314,905 shares of the company's stock worth $104,240,000 after buying an additional 50,441 shares in the last quarter. American Century Companies Inc. raised its stake in Brighthouse Financial by 21.9% during the second quarter. American Century Companies Inc. now owns 1,273,882 shares of the company's stock worth $55,210,000 after acquiring an additional 228,814 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Brighthouse Financial by 0.7% in the third quarter. Geode Capital Management LLC now owns 1,091,462 shares of the company's stock worth $49,160,000 after acquiring an additional 8,004 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of Brighthouse Financial by 75.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 623,607 shares of the company's stock valued at $27,027,000 after purchasing an additional 269,062 shares in the last quarter. Finally, Two Sigma Advisers LP grew its holdings in shares of Brighthouse Financial by 12.6% during the 3rd quarter. Two Sigma Advisers LP now owns 320,700 shares of the company's stock valued at $14,441,000 after purchasing an additional 35,800 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

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.