Zacks Research Has Bullish Estimate for BHF FY2024 Earnings

Brighthouse Financial, Inc. (NASDAQ:BHF) – Stock analysts at Zacks Research raised their FY2024 earnings per share (EPS) estimates for Brighthouse Financial in a research report issued to clients and investors on Thursday, November 28th. Zacks Research analyst T. De now expects that the company will post earnings per share of $18.27 for the year, up from their previous forecast of $18.18. The consensus estimate for Brighthouse Financial’s current full-year earnings is $18.47 per share. Zacks Research also issued estimates for Brighthouse Financial’s Q4 2024 earnings at $4.46 EPS, Q3 2025 earnings at $5.10 EPS, Q4 2025 earnings at $5.32 EPS, FY2025 earnings at $20.01 EPS and FY2026 earnings at $22.62 EPS.

A number of other analysts also recently issued reports on the stock. Piper Sandler raised their price target on shares of Brighthouse Financial from $44.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Evercore ISI reduced their price target on Brighthouse Financial from $56.00 to $52.00 and set an “in-line” rating for the company in a report on Thursday, August 8th. Keefe, Bruyette & Woods dropped their price objective on Brighthouse Financial from $47.00 to $43.00 and set a “market perform” rating on the stock in a report on Wednesday, August 14th. Wells Fargo & Company increased their target price on Brighthouse Financial from $40.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, October 10th. Finally, 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 price target for the company. Three 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $50.63.

Brighthouse Financial Stock Performance

Shares of NASDAQ BHF opened at $50.80 on Monday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.56. The firm’s 50 day simple moving average is $48.46 and its 200-day simple moving average is $45.81. Brighthouse Financial has a 12 month low of $40.00 and a 12 month high of $56.24.

Brighthouse Financial (NASDAQ:BHF) last issued its earnings results on Thursday, November 7th. The company reported $3.99 EPS for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.51). The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the company earned $4.18 EPS.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BHF. US Bancorp DE boosted its stake in Brighthouse Financial by 0.9% during the third quarter. US Bancorp DE now owns 35,755 shares of the company’s stock worth $1,610,000 after buying an additional 319 shares during the period. CWM LLC boosted its position in shares of 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 purchasing an additional 339 shares during the period. Creative Planning increased its holdings in 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 purchasing an additional 420 shares during the last quarter. KBC Group NV raised its position in Brighthouse Financial by 30.2% in the third quarter. KBC Group NV now owns 2,001 shares of the company’s stock valued at $90,000 after purchasing an additional 464 shares during the period. Finally, Venturi Wealth Management LLC lifted its stake in Brighthouse Financial by 989.5% during the third quarter. Venturi Wealth Management LLC now owns 621 shares of the company’s stock worth $28,000 after purchasing an additional 564 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Brighthouse Financial

In other Brighthouse Financial news, EVP John Rosenthal sold 4,265 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $46.04, for a total value 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 trade represents a 4.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Myles Lambert sold 8,400 shares of Brighthouse Financial stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $51.70, for a total value 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 represents a 20.09 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

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.