JPMorgan Chase & Co. Issues Pessimistic Forecast for Brighthouse Financial (NASDAQ:BHF) Stock Price

Brighthouse Financial (NASDAQ:BHF) had its price target decreased by stock analysts at JPMorgan Chase & Co. from $59.00 to $56.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 17.28% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. Wells Fargo & Company lifted their target price on Brighthouse Financial from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, October 10th. Piper Sandler decreased their price objective on Brighthouse Financial from $55.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Finally, Barclays boosted their price objective on Brighthouse Financial from $48.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, December 16th. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Brighthouse Financial has a consensus rating of “Hold” and a consensus price target of $51.38.

Brighthouse Financial Trading Down 1.0 %

Shares of BHF stock opened at $47.75 on Tuesday. The company has a market cap of $2.83 billion, a P/E ratio of -2.35 and a beta of 1.08. The stock has a 50 day simple moving average of $49.70 and a two-hundred day simple moving average of $46.85. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.92 and a current ratio of 0.92. Brighthouse Financial has a fifty-two week low of $40.00 and a fifty-two week high of $54.73.

Brighthouse Financial (NASDAQ:BHF) last issued its earnings results on Thursday, November 7th. The company reported $3.99 earnings per share for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.51). The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate 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 firm posted $4.18 earnings per share. Research analysts forecast that Brighthouse Financial will post 18.47 earnings per share for the current year.

Insider Activity at Brighthouse Financial

In other Brighthouse Financial news, EVP Myles Lambert sold 8,400 shares of the business’s 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 of the company’s stock, valued at approximately $1,727,141.90. The trade was a 20.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Rosenthal sold 4,265 shares of the business’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 transaction, the executive vice president now directly owns 86,262 shares in the company, valued at approximately $3,971,502.48. This represents a 4.71 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. UMB Bank n.a. lifted its position in shares of Brighthouse Financial by 974.1% during the 3rd quarter. UMB Bank n.a. now owns 623 shares of the company’s stock valued at $28,000 after buying an additional 565 shares during the last quarter. Venturi Wealth Management LLC lifted its position in shares of Brighthouse Financial by 989.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 621 shares of the company’s stock valued at $28,000 after buying an additional 564 shares during the last quarter. CWM LLC lifted 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 valued at $67,000 after buying an additional 339 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Brighthouse Financial by 97.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,729 shares of the company’s stock valued at $78,000 after buying an additional 855 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of Brighthouse Financial during the 2nd quarter valued at $89,000. Hedge funds and other institutional investors own 81.24% of the company’s stock.

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.