Brighthouse Financial, Inc. (NASDAQ:BHF) Receives $50.00 Consensus PT from Brokerages

Brighthouse Financial, Inc. (NASDAQ:BHF - Get Free Report) has been given a consensus rating of "Reduce" by the nine ratings firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $50.00.

BHF has been the topic of a number of analyst reports. Evercore ISI cut their price target on Brighthouse Financial from $56.00 to $52.00 and set an "in-line" rating on the stock in a report on Thursday, August 8th. Wells Fargo & Company downgraded shares of Brighthouse Financial from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $51.00 to $40.00 in a report on Monday, August 12th. Jefferies Financial Group increased their price target on shares of Brighthouse Financial from $59.00 to $63.00 and gave the company a "buy" rating in a research report on Monday, July 29th. Piper Sandler cut their price objective on shares of Brighthouse Financial from $50.00 to $45.00 and set a "neutral" rating on the stock in a research report on Friday, June 28th. Finally, JPMorgan Chase & Co. increased their target price on shares of Brighthouse Financial from $58.00 to $59.00 and gave the company an "underweight" rating in a research report on Tuesday, July 2nd.

Insider Buying and Selling

In other news, CFO Edward A. Spehar sold 7,125 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $41.74, for a total transaction of $297,397.50. Following the transaction, the chief financial officer now owns 37,640 shares in the company, valued at approximately $1,571,093.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP John Rosenthal sold 5,000 shares of the company's stock in a transaction on Wednesday, July 10th. The shares were 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 of the company's stock, valued at $4,428,052. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Edward A. Spehar sold 7,125 shares of the firm's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $41.74, for a total transaction of $297,397.50. Following the completion of the transaction, the chief financial officer now directly owns 37,640 shares in the company, valued at $1,571,093.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,250 shares of company stock valued at $826,006. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Brighthouse Financial

Hedge funds have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System lifted its position in shares of Brighthouse Financial by 39.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 84,570 shares of the company's stock worth $4,359,000 after purchasing an additional 23,922 shares in the last quarter. Algebris UK Ltd acquired a new position in Brighthouse Financial during the 1st quarter worth approximately $6,938,000. Campbell & CO Investment Adviser LLC raised its holdings in shares of Brighthouse Financial by 138.8% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 34,436 shares of the company's stock valued at $1,822,000 after purchasing an additional 20,015 shares in the last quarter. Seven Eight Capital LP lifted its position in shares of Brighthouse Financial by 342.1% during the 1st quarter. Seven Eight Capital LP now owns 28,063 shares of the company's stock worth $1,446,000 after purchasing an additional 21,716 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Brighthouse Financial during the first quarter worth $2,278,000. Hedge funds and other institutional investors own 81.24% of the company's stock.

Brighthouse Financial Trading Up 2.4 %

Brighthouse Financial stock traded up $1.08 during trading hours on Friday, hitting $45.37. The company had a trading volume of 301,757 shares, compared to its average volume of 448,333. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $2.82 billion, a P/E ratio of -2.38 and a beta of 1.08. The company has a 50-day moving average price of $45.03 and a two-hundred day moving average price of $46.48. Brighthouse Financial has a 1 year low of $40.24 and a 1 year high of $56.24.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $5.57 earnings per share for the quarter, beating analysts' consensus estimates of $4.36 by $1.21. Brighthouse Financial had a positive return on equity of 23.49% and a negative net margin of 38.05%. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same period in the previous year, the company posted $4.13 EPS. Brighthouse Financial's revenue was up 3.3% on a year-over-year basis. On average, sell-side analysts anticipate that Brighthouse Financial will post 15.01 earnings per share for the current year.

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.