Brokerages Set Brighthouse Financial, Inc. (NASDAQ:BHF) PT at $51.75

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF) have been assigned an average rating of “Reduce” from the eight analysts that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $51.75.

A number of equities research analysts have commented on BHF shares. Barclays raised their price target on shares of Brighthouse Financial from $48.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, December 16th. Wells Fargo & Company lifted their price target on Brighthouse Financial from $40.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, October 10th. Finally, Piper Sandler lowered their price target on Brighthouse Financial from $55.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th.

Insider Activity

In related news, EVP Myles Lambert sold 8,400 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $51.70, for a total transaction of $434,280.00. Following the sale, the executive vice president now directly owns 33,407 shares of the company’s stock, valued at approximately $1,727,141.90. This represents a 20.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John Rosenthal sold 4,265 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $3,971,502.48. The trade was a 4.71 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Brighthouse Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp boosted its stake in shares of Brighthouse Financial by 2.2% in the 3rd quarter. State Street Corp now owns 2,314,905 shares of the company’s stock worth $104,240,000 after buying an additional 50,441 shares during the last quarter. American Century Companies Inc. lifted its holdings in Brighthouse Financial by 21.9% in the second quarter. American Century Companies Inc. now owns 1,273,882 shares of the company’s stock valued at $55,210,000 after acquiring an additional 228,814 shares during the period. Geode Capital Management LLC boosted its position in Brighthouse Financial by 0.7% in the third quarter. Geode Capital Management LLC now owns 1,091,462 shares of the company’s stock worth $49,160,000 after purchasing an additional 8,004 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of Brighthouse Financial by 75.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 623,607 shares of the company’s stock valued at $27,027,000 after purchasing an additional 269,062 shares during the period. Finally, Two Sigma Advisers LP grew its stake in shares of Brighthouse Financial by 12.6% during the 3rd quarter. Two Sigma Advisers LP now owns 320,700 shares of the company’s stock valued at $14,441,000 after purchasing an additional 35,800 shares during the period. Institutional investors own 81.24% of the company’s stock.

Brighthouse Financial Stock Down 0.5 %

Shares of NASDAQ BHF opened at $47.97 on Friday. The company has a 50 day simple moving average of $49.76 and a 200 day simple moving average of $46.54. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.92 and a quick ratio of 0.92. Brighthouse Financial has a 1 year low of $40.00 and a 1 year high of $54.73. The firm has a market cap of $2.85 billion, a PE ratio of -2.36 and a beta of 1.06.

Brighthouse Financial (NASDAQ:BHF) last announced its earnings results on Thursday, November 7th. The company reported $3.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.50 by ($0.51). Brighthouse Financial had a positive return on equity of 23.54% and a negative net margin of 24.40%. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the prior year, the business earned $4.18 earnings per share. On average, research analysts forecast that Brighthouse Financial will post 18.47 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.