Brighthouse Financial, Inc. (NASDAQ:BHF) Receives $50.63 Consensus Target Price from Analysts

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF) have been assigned an average rating of “Reduce” from the eight research firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $50.63.

A number of brokerages have recently issued reports on BHF. Keefe, Bruyette & Woods dropped their price objective on shares of Brighthouse Financial from $47.00 to $43.00 and set a “market perform” rating for the company in a research note on Wednesday, August 14th. Wells Fargo & Company increased their price objective on shares of Brighthouse Financial from $40.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. increased their price objective on shares of Brighthouse Financial from $58.00 to $59.00 and gave the company an “underweight” rating in a research note on Tuesday, July 2nd. Barclays initiated coverage on shares of Brighthouse Financial in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $48.00 target price on the stock. Finally, Evercore ISI lowered their target price on shares of Brighthouse Financial from $56.00 to $52.00 and set an “in-line” rating on the stock in a report on Thursday, August 8th.

Brighthouse Financial Price Performance

NASDAQ:BHF opened at $49.15 on Monday. The stock has a market cap of $3.05 billion, a P/E ratio of -2.58 and a beta of 1.06. Brighthouse Financial has a one year low of $40.00 and a one year high of $56.24. The company has a fifty day moving average price of $44.34 and a 200 day moving average price of $45.49. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.85 and a quick ratio of 0.85.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $5.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.36 by $1.21. Brighthouse Financial had a negative net margin of 22.03% and a positive return on equity of 26.22%. The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter in the prior year, the company posted $4.13 EPS. The business’s revenue was up 3.3% on a year-over-year basis. Analysts anticipate that Brighthouse Financial will post 18.52 earnings per share for the current year.

Insiders Place Their Bets

In other Brighthouse Financial news, EVP John Rosenthal sold 4,265 shares of the 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 sale, the executive vice president now owns 86,262 shares of the company’s stock, valued at $3,971,502.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Brighthouse Financial news, EVP John Rosenthal sold 4,265 shares of the 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 sale, the executive vice president now owns 86,262 shares of the company’s stock, valued at $3,971,502.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eric T. Steigerwalt sold 25,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $45.67, for a total transaction of $1,141,750.00. Following the completion of the transaction, the chief executive officer now directly owns 321,072 shares in the company, valued at $14,663,358.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,390 shares of company stock valued at $1,861,608 in the last 90 days. 1.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Retirement Systems of Alabama boosted its stake in shares of Brighthouse Financial by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 80,625 shares of the company’s stock valued at $4,155,000 after purchasing an additional 211 shares during the last quarter. US Bancorp DE raised its position in shares of Brighthouse Financial by 0.6% in the 1st quarter. US Bancorp DE now owns 35,695 shares of the company’s stock valued at $1,840,000 after acquiring an additional 211 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 acquiring an additional 339 shares during the period. State of Michigan Retirement System raised its position in shares of Brighthouse Financial by 2.6% in the 1st quarter. State of Michigan Retirement System now owns 15,768 shares of the company’s stock valued at $813,000 after acquiring an additional 400 shares during the period. Finally, Creative Planning raised its position in shares of Brighthouse Financial by 5.7% in the 3rd quarter. Creative Planning now owns 7,843 shares of the company’s stock valued at $353,000 after acquiring an additional 420 shares during the period. 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.