Brighthouse Financial (NASDAQ:BHF) Upgraded at Raymond James

Raymond James upgraded shares of Brighthouse Financial (NASDAQ:BHF) from a market perform rating to a strong-buy rating in a report released on Tuesday, Marketbeat reports. Raymond James currently has $72.00 price target on the stock.

Other research analysts have also recently issued reports about the company. Piper Sandler lifted their price objective on Brighthouse Financial from $52.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Wells Fargo & Company raised Brighthouse Financial from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $41.00 to $59.00 in a research note on Wednesday, February 19th. JPMorgan Chase & Co. decreased their target price on Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods lifted their target price on Brighthouse Financial from $60.00 to $66.00 and gave the company a “market perform” rating in a research note on Tuesday, February 18th. Finally, Barclays raised Brighthouse Financial from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $52.00 to $85.00 in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Brighthouse Financial presently has a consensus rating of “Hold” and a consensus target price of $63.80.

Brighthouse Financial Trading Down 0.2 %

Brighthouse Financial stock opened at $57.98 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.92. Brighthouse Financial has a one year low of $40.00 and a one year high of $64.12. The stock has a market capitalization of $3.37 billion, a PE ratio of 11.24 and a beta of 1.11. The business’s fifty day moving average is $56.27 and its 200 day moving average is $50.65.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data on Tuesday, February 11th. The company reported $5.88 EPS for the quarter, beating the consensus estimate 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, sell-side analysts predict that Brighthouse Financial will post 20.32 EPS for the current year.

Insiders Place Their Bets

In other Brighthouse Financial news, EVP John Rosenthal sold 10,000 shares of Brighthouse Financial stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $61.00, for a total value of $610,000.00. Following the sale, the executive vice president now owns 66,262 shares of the company’s stock, valued at $4,041,982. The trade was a 13.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of Brighthouse Financial

Large investors have recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Brighthouse Financial by 2.2% in the 3rd quarter. State Street Corp now owns 2,314,905 shares of the company’s stock worth $104,240,000 after purchasing an additional 50,441 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Brighthouse Financial by 187.3% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,823,162 shares of the company’s stock worth $87,585,000 after purchasing an additional 1,188,685 shares during the period. American Century Companies Inc. boosted its holdings in shares of Brighthouse Financial by 12.1% in the 4th quarter. American Century Companies Inc. now owns 1,682,076 shares of the company’s stock worth $80,807,000 after purchasing an additional 181,980 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Brighthouse Financial by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,091,462 shares of the company’s stock worth $49,160,000 after purchasing an additional 8,004 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Brighthouse Financial by 2,632.8% in the 4th quarter. Victory Capital Management Inc. now owns 884,162 shares of the company’s stock worth $42,475,000 after purchasing an additional 851,808 shares during the period. 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.