Brighthouse Financial, Inc. (NASDAQ:BHF) Given Average Rating of “Hold” by Brokerages

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF) have earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $61.75.

Several brokerages have weighed in on BHF. Piper Sandler upped their price objective on shares of Brighthouse Financial from $52.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Wells Fargo & Company upgraded Brighthouse Financial from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $41.00 to $59.00 in a research report on Wednesday, February 19th. Morgan Stanley set a $52.00 price target on Brighthouse Financial in a report on Friday, February 28th. Jefferies Financial Group lowered Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 price objective on the stock. in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods raised their target price on Brighthouse Financial from $60.00 to $66.00 and gave the company a “market perform” rating in a research note on Tuesday, February 18th.

Insider Buying and Selling at Brighthouse Financial

In other Brighthouse Financial news, EVP John Rosenthal sold 10,000 shares of Brighthouse Financial stock in a transaction on Friday, January 31st. The shares were sold at an average price of $61.00, for a total transaction of $610,000.00. Following the completion of the sale, the executive vice president now owns 66,262 shares of the company’s stock, valued at approximately $4,041,982. The trade was a 13.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Siemens Fonds Invest GmbH acquired a new position in Brighthouse Financial during the fourth quarter valued at approximately $94,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Brighthouse Financial in the fourth quarter worth about $1,721,000. Mackenzie Financial Corp raised its position in shares of Brighthouse Financial by 29.6% during the fourth 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 period. 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 fourth 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 period. Finally, Shay Capital LLC bought a new position in shares of Brighthouse Financial during the 4th quarter valued at about $480,000. 81.24% of the stock is currently owned by institutional investors.

Brighthouse Financial Price Performance

Shares of Brighthouse Financial stock opened at $54.25 on Thursday. Brighthouse Financial has a twelve month low of $40.00 and a twelve month high of $64.12. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.92 and a current ratio of 0.93. The firm has a market cap of $3.15 billion, a P/E ratio of 10.51 and a beta of 1.11. The firm’s 50-day simple moving average is $55.25 and its 200-day simple moving average is $50.22.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings results 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 return on equity of 26.94% and a net margin of 8.21%. As a group, research analysts expect that Brighthouse Financial will post 20.32 EPS for the current fiscal year.

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.