Analysts Set Brighthouse Financial, Inc. (NASDAQ:BHF) Price Target at $61.75

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF) have been given an average recommendation of “Hold” by the seven analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $61.75.

A number of research firms have weighed in on BHF. Keefe, Bruyette & Woods lifted their price objective on Brighthouse Financial from $60.00 to $66.00 and gave the company a “market perform” rating in a report on Tuesday, February 18th. Morgan Stanley set a $52.00 price objective on Brighthouse Financial in a report on Friday, February 28th. Jefferies Financial Group cut shares of Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 target price for the company. in a research report on Monday, February 3rd. JPMorgan Chase & Co. lowered 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 report on Tuesday, January 7th. Finally, Piper Sandler upped their target price 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.

Insider Transactions at Brighthouse Financial

In related news, EVP John Rosenthal sold 10,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 66,262 shares in the company, valued at approximately $4,041,982. This trade represents a 13.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. State Street Corp increased its stake in shares of Brighthouse Financial by 2.2% in the third quarter. State Street Corp now owns 2,314,905 shares of the company’s stock valued at $104,240,000 after buying an additional 50,441 shares during the period. Institute for Wealth Management LLC. purchased a new position in Brighthouse Financial in the fourth quarter worth $287,000. Bank of New York Mellon Corp boosted its position in Brighthouse Financial by 1.8% in the fourth quarter. Bank of New York Mellon Corp now owns 525,388 shares of the company’s stock worth $25,240,000 after purchasing an additional 9,500 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Brighthouse Financial in the fourth quarter valued at $312,000. Finally, Range Financial Group LLC bought a new stake in shares of Brighthouse Financial in the fourth quarter valued at $826,000. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Brighthouse Financial Price Performance

NASDAQ BHF opened at $56.95 on Thursday. 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 stock’s 50-day moving average is $55.68 and its two-hundred day moving average is $50.46. The firm has a market cap of $3.31 billion, a P/E ratio of 11.04 and a beta of 1.11. Brighthouse Financial has a fifty-two week low of $40.00 and a fifty-two week high of $64.12.

Brighthouse Financial (NASDAQ:BHF) last posted 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 return on equity of 26.94% and a net margin of 8.21%. On average, analysts anticipate that Brighthouse Financial will post 20.32 earnings per share for the current fiscal year.

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.