Keefe, Bruyette & Woods Issues Positive Forecast for Brighthouse Financial (NASDAQ:BHF) Stock Price

Brighthouse Financial (NASDAQ:BHF) had its price target upped by Keefe, Bruyette & Woods from $60.00 to $66.00 in a research note issued to investors on Tuesday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

A number of other brokerages have also recently commented on BHF. JPMorgan Chase & Co. dropped their price objective on shares of Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating for the company in a research note on Tuesday, January 7th. Piper Sandler lifted 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. Barclays upgraded shares of Brighthouse Financial from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $52.00 to $85.00 in a report on Wednesday, January 29th. Jefferies Financial Group lowered shares of Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 target price for the company. in a report on Monday, February 3rd. Finally, Wells Fargo & Company lowered their target price on shares of Brighthouse Financial from $42.00 to $41.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $59.50.

Brighthouse Financial Stock Performance

BHF opened at $62.81 on Tuesday. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of -3.09 and a beta of 1.10. The company has a fifty day moving average of $52.37 and a 200 day moving average of $48.68. Brighthouse Financial has a fifty-two week low of $40.00 and a fifty-two week high of $64.00. 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 (NASDAQ:BHF) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $5.88 EPS for the quarter, topping analysts’ consensus estimates of $4.56 by $1.32. Brighthouse Financial had a negative net margin of 24.40% and a positive return on equity of 23.54%. As a group, sell-side analysts forecast that Brighthouse Financial will post 18.2 earnings per share for the current fiscal year.

Insider Activity at Brighthouse Financial

In related news, EVP John Rosenthal sold 10,000 shares of Brighthouse Financial stock in a transaction dated 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 in the company, valued at $4,041,982. This trade represents a 13.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Myles Lambert sold 8,400 shares of Brighthouse Financial 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 owns 33,407 shares of the company’s stock, valued at $1,727,141.90. The trade was 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 company insiders.

Institutional Investors Weigh In On Brighthouse Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BHF. Venturi Wealth Management LLC lifted its position in shares of Brighthouse Financial by 989.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 621 shares of the company’s stock worth $28,000 after purchasing an additional 564 shares during the period. Aster Capital Management DIFC Ltd lifted its position in shares of Brighthouse Financial by 327.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company’s stock worth $44,000 after purchasing an additional 703 shares during the period. CWM LLC lifted its position in shares of Brighthouse Financial by 29.4% in 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. KBC Group NV lifted its position in shares of Brighthouse Financial by 30.2% in the 3rd quarter. KBC Group NV now owns 2,001 shares of the company’s stock worth $90,000 after purchasing an additional 464 shares during the period. Finally, Siemens Fonds Invest GmbH purchased a new stake in shares of Brighthouse Financial in the 4th quarter worth approximately $94,000. Institutional investors own 81.24% of the company’s stock.

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.