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

Brighthouse Financial, Inc. (NASDAQ:BHF) has been given a consensus rating of “Reduce” by the eight analysts that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $50.63.

A number of equities research analysts have recently commented on the company. Evercore ISI dropped their price target on Brighthouse Financial from $56.00 to $52.00 and set an “in-line” rating on the stock in a research report on Thursday, August 8th. Barclays assumed coverage on Brighthouse Financial in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $48.00 price target on the stock. Jefferies Financial Group raised their price target on Brighthouse Financial from $59.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods dropped their price target on Brighthouse Financial from $47.00 to $43.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 14th. Finally, Piper Sandler raised their price target on Brighthouse Financial from $44.00 to $47.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd.

Insider Activity at Brighthouse Financial

In related news, CFO Edward A. Spehar sold 7,125 shares of Brighthouse Financial stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $41.74, for a total value of $297,397.50. Following the sale, the chief financial officer now owns 37,640 shares of the company’s stock, valued at approximately $1,571,093.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Brighthouse Financial news, CFO Edward A. Spehar sold 7,125 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $41.74, for a total transaction of $297,397.50. Following the transaction, the chief financial officer now owns 37,640 shares of the company’s stock, valued at $1,571,093.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John Rosenthal sold 4,265 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 86,262 shares in the company, valued at $3,971,502.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,390 shares of company stock valued at $1,861,608. 1.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BHF. Texas Permanent School Fund Corp increased its position in shares of Brighthouse Financial by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 56,192 shares of the company’s stock worth $2,896,000 after purchasing an additional 727 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Brighthouse Financial during the 1st quarter worth approximately $2,278,000. Algebris UK Ltd bought a new position in shares of Brighthouse Financial during the 1st quarter worth approximately $6,938,000. Sei Investments Co. boosted its stake in shares of Brighthouse Financial by 14.2% during the 1st quarter. Sei Investments Co. now owns 145,539 shares of the company’s stock worth $7,501,000 after acquiring an additional 18,124 shares during the period. Finally, Headlands Technologies LLC boosted its stake in shares of Brighthouse Financial by 66.6% during the 1st quarter. Headlands Technologies LLC now owns 15,017 shares of the company’s stock worth $774,000 after acquiring an additional 6,005 shares during the period. Institutional investors and hedge funds own 81.24% of the company’s stock.

Brighthouse Financial Price Performance

Shares of BHF opened at $51.09 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.75. Brighthouse Financial has a 1 year low of $40.00 and a 1 year high of $56.24. The stock has a market cap of $3.10 billion, a P/E ratio of -3.21 and a beta of 1.05. The stock’s 50-day moving average price is $45.73 and its two-hundred day moving average price is $45.44.

Brighthouse Financial (NASDAQ:BHF) last issued its earnings results on Wednesday, August 7th. The company reported $5.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.36 by $1.21. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Brighthouse Financial had a positive return on equity of 26.22% and a negative net margin of 22.03%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $4.13 earnings per share. On average, equities analysts predict that Brighthouse Financial will post 18.64 earnings per share for the current 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.