Brighthouse Financial (NASDAQ:BHF) Price Target Raised to $66.00

Brighthouse Financial (NASDAQ:BHF) had its price objective boosted by Keefe, Bruyette & Woods from $60.00 to $66.00 in a research note published on Tuesday,Benzinga reports. They currently have a market perform rating on the stock.

A number of other equities analysts have also recently issued reports on the company. Jefferies Financial Group cut Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 target price for the company. in a report on Monday, February 3rd. JPMorgan Chase & Co. cut their price objective on Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating for the company in a report on Tuesday, January 7th. Wells Fargo & Company reduced their target price on shares of Brighthouse Financial from $42.00 to $41.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. Barclays upgraded shares of Brighthouse Financial from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $52.00 to $85.00 in a research report on Wednesday, January 29th. Finally, Piper Sandler boosted their price target on shares of Brighthouse Financial from $52.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $61.75.

Brighthouse Financial Stock Down 1.7 %

Shares of BHF stock opened at $61.87 on Tuesday. The stock has a market cap of $3.67 billion, a P/E ratio of 11.99 and a beta of 1.10. 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 stock has a fifty day moving average price of $52.92 and a 200 day moving average price of $48.87. Brighthouse Financial has a one year low of $40.00 and a one year high of $64.12.

Brighthouse Financial (NASDAQ:BHF) last issued its earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share for the quarter, beating the consensus estimate of $4.56 by $1.32. Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. Analysts predict that Brighthouse Financial will post 20.17 earnings per share for the current year.

Insider Buying and Selling at Brighthouse Financial

In related news, EVP Myles Lambert sold 8,400 shares of Brighthouse Financial stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $51.70, for a total value of $434,280.00. Following the completion of the sale, the executive vice president now directly owns 33,407 shares in the company, valued at $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 can be accessed through the SEC website. Also, EVP John Rosenthal sold 10,000 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $61.00, for a total value of $610,000.00. Following the sale, the executive vice president now directly owns 66,262 shares of the company’s stock, valued at $4,041,982. This represents a 13.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Brighthouse Financial

A number of institutional investors and hedge funds have recently modified their holdings of BHF. CWM LLC grew its holdings in Brighthouse Financial by 29.4% during the 3rd quarter. CWM LLC now owns 1,491 shares of the company’s stock worth $67,000 after acquiring an additional 339 shares during the period. Creative Planning increased its holdings in Brighthouse Financial by 5.7% in the third quarter. Creative Planning now owns 7,843 shares of the company’s stock valued at $353,000 after purchasing an additional 420 shares during the last quarter. Lecap Asset Management Ltd. acquired a new position in Brighthouse Financial in the third quarter valued at about $216,000. International Assets Investment Management LLC bought a new position in Brighthouse Financial during the third quarter worth about $14,280,000. Finally, Bogart Wealth LLC increased its stake in shares of Brighthouse Financial by 2.8% in the 3rd quarter. Bogart Wealth LLC now owns 214,222 shares of the company’s stock valued at $9,646,000 after acquiring an additional 5,899 shares during the last quarter. 81.24% of the stock is owned by institutional investors.

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.