Analysts Set Brighthouse Financial, Inc. (NASDAQ:BHF) PT at $58.75

Brighthouse Financial, Inc. (NASDAQ:BHF) has been given an average recommendation of “Hold” by the seven brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $63.14.

A number of brokerages have recently weighed in on BHF. Wells Fargo & Company raised shares of Brighthouse Financial from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $41.00 to $59.00 in a report on Wednesday. JPMorgan Chase & Co. lowered their price target on shares of Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating on the stock in a report on Tuesday, January 7th. Piper Sandler upped their price target on shares of Brighthouse Financial from $52.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Keefe, Bruyette & Woods upped their price target on shares of Brighthouse Financial from $60.00 to $66.00 and gave the company a “market perform” rating in a report on Tuesday, February 18th. Finally, Barclays raised shares of Brighthouse Financial from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $52.00 to $85.00 in a report on Wednesday, January 29th.

Insiders Place Their Bets

In other Brighthouse Financial news, EVP Myles Lambert sold 8,400 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $51.70, for a total value of $434,280.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John Rosenthal sold 10,000 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $61.00, for a total transaction of $610,000.00. Following the transaction, the executive vice president now owns 66,262 shares of the company’s stock, valued at approximately $4,041,982. This trade represents a 13.11 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Mackenzie Financial Corp raised its position in shares of Brighthouse Financial by 29.6% during the 4th quarter. Mackenzie Financial Corp now owns 13,044 shares of the company’s stock worth $627,000 after purchasing an additional 2,981 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Brighthouse Financial by 7.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 195,895 shares of the company’s stock worth $9,411,000 after purchasing an additional 14,316 shares during the last quarter. Shay Capital LLC acquired a new position in shares of Brighthouse Financial during the 4th quarter worth about $480,000. Siemens Fonds Invest GmbH acquired a new position in shares of Brighthouse Financial during the 4th quarter worth about $94,000. Finally, Raiffeisen Bank International AG acquired a new position in shares of Brighthouse Financial during the 4th quarter worth about $488,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

Brighthouse Financial Price Performance

Shares of BHF opened at $59.45 on Friday. The firm has a market capitalization of $3.53 billion, a PE ratio of 11.52 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. Brighthouse Financial has a 1-year low of $40.00 and a 1-year high of $64.12. The company’s fifty day moving average price is $53.13 and its 200-day moving average price is $49.01.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $5.88 earnings per share for the quarter, beating analysts’ consensus estimates of $4.56 by $1.32. Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. On average, equities research analysts predict that Brighthouse Financial will post 20.32 EPS for the current year.

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.