Brighthouse Financial, Inc. (NASDAQ:BHF) Receives $60.30 Consensus Price Target from Analysts

Brighthouse Financial, Inc. (NASDAQ:BHF - Get Free Report) has been assigned an average rating of "Hold" from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $60.30.

Several brokerages have commented on BHF. Wells Fargo & Company raised their target price on shares of Brighthouse Financial from $53.00 to $54.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. lifted their price objective on shares of Brighthouse Financial from $56.00 to $63.00 and gave the company an "underweight" rating in a report on Tuesday, July 8th. Barclays lowered their price objective on shares of Brighthouse Financial from $76.00 to $70.00 and set an "overweight" rating on the stock in a report on Monday, July 7th. Wall Street Zen downgraded shares of Brighthouse Financial from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Brighthouse Financial from $56.00 to $59.00 and gave the company a "market perform" rating in a report on Tuesday, May 13th.

Brighthouse Financial Trading Down 0.5%

Shares of NASDAQ BHF traded down $0.25 during mid-day trading on Wednesday, hitting $50.84. The company's stock had a trading volume of 736,807 shares, compared to its average volume of 638,434. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 6.10 and a beta of 0.88. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.91 and a quick ratio of 0.91. Brighthouse Financial has a one year low of $40.00 and a one year high of $64.12. The company's fifty day simple moving average is $56.27 and its 200-day simple moving average is $55.38.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $4.17 earnings per share for the quarter, missing analysts' consensus estimates of $4.72 by ($0.55). The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.29 billion. Brighthouse Financial had a net margin of 8.71% and a return on equity of 25.60%. The business's revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.25 earnings per share. On average, sell-side analysts anticipate that Brighthouse Financial will post 20.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Brighthouse Financial news, EVP Vonda Huss sold 3,000 shares of Brighthouse Financial stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $59.51, for a total transaction of $178,530.00. Following the completion of the transaction, the executive vice president directly owned 18,441 shares of the company's stock, valued at $1,097,423.91. The trade was a 13.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Brighthouse Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BHF. Versant Capital Management Inc boosted its position in shares of Brighthouse Financial by 188.0% in the first quarter. Versant Capital Management Inc now owns 622 shares of the company's stock valued at $36,000 after acquiring an additional 406 shares during the period. Aster Capital Management DIFC Ltd raised its stake in Brighthouse Financial by 327.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company's stock valued at $44,000 after purchasing an additional 703 shares in the last quarter. Brooklyn Investment Group raised its stake in Brighthouse Financial by 42.0% in the first quarter. Brooklyn Investment Group now owns 764 shares of the company's stock valued at $44,000 after purchasing an additional 226 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Brighthouse Financial by 835.2% in the first quarter. Jones Financial Companies Lllp now owns 823 shares of the company's stock valued at $48,000 after purchasing an additional 735 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in Brighthouse Financial by 101.7% in the first quarter. UMB Bank n.a. now owns 1,200 shares of the company's stock valued at $70,000 after purchasing an additional 605 shares in the last quarter. 81.24% of the stock is owned by institutional investors.

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.