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

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF) have been given a consensus rating of “Hold” by the eight brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $63.80.

BHF has been the topic of several analyst reports. Jefferies Financial Group downgraded Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 price objective on the stock. in a report on Monday, February 3rd. Morgan Stanley set a $52.00 price target on shares of Brighthouse Financial in a research note on Friday, February 28th. Piper Sandler increased their price objective on shares of Brighthouse Financial from $52.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Barclays raised shares of Brighthouse Financial from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $52.00 to $85.00 in a research report on Wednesday, January 29th. Finally, UBS Group set a $72.00 price target on shares of Brighthouse Financial in a research report on Tuesday, March 18th.

Brighthouse Financial Stock Performance

Brighthouse Financial stock opened at $49.06 on Monday. Brighthouse Financial has a 12-month low of $40.00 and a 12-month high of $64.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.92. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 9.51 and a beta of 0.91. The firm’s fifty day moving average price is $58.04 and its 200 day moving average price is $51.85.

Brighthouse Financial (NASDAQ:BHF) last announced its earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts forecast that Brighthouse Financial will post 20.32 EPS for the current fiscal year.

Insider Activity at Brighthouse Financial

In related news, EVP John Rosenthal sold 10,000 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $61.00, for a total transaction of $610,000.00. Following the completion of the transaction, the executive vice president now directly owns 66,262 shares in the company, valued at $4,041,982. This represents a 13.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Brighthouse Financial

Hedge funds and other institutional investors have recently modified their holdings of the company. Xponance Inc. increased its position in Brighthouse Financial by 2.7% in the 4th quarter. Xponance Inc. now owns 6,860 shares of the company’s stock valued at $330,000 after acquiring an additional 181 shares during the period. Pinnacle Holdings LLC grew its stake in shares of Brighthouse Financial by 0.4% in the fourth quarter. Pinnacle Holdings LLC now owns 46,297 shares of the company’s stock worth $2,224,000 after purchasing an additional 191 shares in the last quarter. Amalgamated Bank grew its stake in shares of Brighthouse Financial by 0.8% in the fourth quarter. Amalgamated Bank now owns 28,345 shares of the company’s stock worth $1,362,000 after purchasing an additional 227 shares in the last quarter. Mariner LLC increased its holdings in shares of Brighthouse Financial by 4.2% during the fourth quarter. Mariner LLC now owns 6,055 shares of the company’s stock valued at $291,000 after purchasing an additional 242 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Brighthouse Financial by 0.5% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 72,872 shares of the company’s stock valued at $3,501,000 after purchasing an additional 388 shares in the last quarter. Institutional investors and hedge funds 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.