Brighthouse Financial (NASDAQ:BHF) Price Target Raised to $52.00

Brighthouse Financial (NASDAQ:BHF) had its price target upped by Barclays from $48.00 to $52.00 in a research note issued to investors on Monday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other equities research analysts have also issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Brighthouse Financial from $40.00 to $41.00 and gave the company an “underweight” rating in a report on Thursday, October 10th. Piper Sandler raised their price objective on Brighthouse Financial from $44.00 to $47.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $51.75.

Brighthouse Financial Price Performance

Brighthouse Financial stock opened at $45.97 on Monday. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of -2.26 and a beta of 1.06. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.56. Brighthouse Financial has a 12 month low of $40.00 and a 12 month high of $54.73. The stock’s 50 day moving average is $49.65 and its 200-day moving average is $46.26.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings results on Thursday, November 7th. The company reported $3.99 EPS for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.51). The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.21 billion. Brighthouse Financial had a positive return on equity of 23.54% and a negative net margin of 24.40%. During the same period in the prior year, the business posted $4.18 earnings per share. Equities research analysts expect that Brighthouse Financial will post 18.47 EPS for the current year.

Insider Transactions at Brighthouse Financial

In other Brighthouse Financial news, EVP John Rosenthal sold 4,265 shares of the business’s stock in a transaction 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 owns 86,262 shares of the company’s stock, valued at approximately $3,971,502.48. The trade was a 4.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Myles Lambert sold 8,400 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $51.70, for a total transaction of $434,280.00. Following the completion of the transaction, the executive vice president now directly owns 33,407 shares in the company, valued at $1,727,141.90. This trade represents a 20.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Brighthouse Financial

Several large investors have recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake in shares of Brighthouse Financial by 974.1% during the 3rd quarter. UMB Bank n.a. now owns 623 shares of the company’s stock valued at $28,000 after buying an additional 565 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in Brighthouse Financial by 989.5% during 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 in the last quarter. CWM LLC grew its holdings in Brighthouse Financial by 29.4% during the 3rd quarter. CWM LLC now owns 1,491 shares of the company’s stock valued at $67,000 after buying an additional 339 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Brighthouse Financial by 97.8% during the third quarter. GAMMA Investing LLC now owns 1,729 shares of the company’s stock valued at $78,000 after buying an additional 855 shares during the period. Finally, Quarry LP purchased a new stake in shares of Brighthouse Financial in the second quarter worth about $89,000. Hedge funds and other institutional investors 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.