Barclays Increases Brighthouse Financial (NASDAQ:BHF) Price Target to $76.00

Brighthouse Financial (NASDAQ:BHF - Get Free Report) had its price target hoisted by Barclays from $75.00 to $76.00 in a report released on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price objective indicates a potential upside of 29.38% from the stock's current price.

BHF has been the topic of a number of other reports. Jefferies Financial Group downgraded shares of 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. Keefe, Bruyette & Woods lifted their price objective on shares of Brighthouse Financial from $60.00 to $66.00 and gave the company a "market perform" rating in a report on Tuesday, February 18th. UBS Group set a $72.00 price objective on shares of Brighthouse Financial in a report on Tuesday, March 18th. Piper Sandler lifted their price objective on shares of Brighthouse Financial from $52.00 to $60.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Finally, Morgan Stanley lowered their price objective on shares of Brighthouse Financial from $52.00 to $41.00 and set an "underweight" rating on the stock in a report on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Brighthouse Financial has an average rating of "Hold" and an average price target of $61.10.

Brighthouse Financial Stock Up 1.5%

BHF stock traded up $0.85 during mid-day trading on Friday, hitting $58.74. 1,326,117 shares of the company were exchanged, compared to its average volume of 561,794. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.92 and a current ratio of 0.93. The firm has a market cap of $3.39 billion, a P/E ratio of 11.38 and a beta of 0.96. The firm's 50 day simple moving average is $54.60 and its 200 day simple moving average is $53.19. Brighthouse Financial has a 1-year low of $40.00 and a 1-year high of $64.12.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $4.17 EPS for the quarter, missing the consensus estimate of $4.79 by ($0.62). Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. The business's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the company earned $4.25 EPS. On average, sell-side analysts predict that Brighthouse Financial will post 20.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Brighthouse Financial

Hedge funds and other institutional investors have recently made changes to their positions in the company. Institute for Wealth Management LLC. bought a new position in shares of Brighthouse Financial in the fourth quarter valued at $287,000. Bank of New York Mellon Corp grew its stake in shares of 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 valued at $25,240,000 after buying an additional 9,500 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Brighthouse Financial in the fourth quarter valued at $384,000. SG Americas Securities LLC bought a new position in Brighthouse Financial during the fourth quarter worth $312,000. Finally, Alliancebernstein L.P. boosted its position in Brighthouse Financial by 41.5% during the fourth quarter. Alliancebernstein L.P. now owns 114,984 shares of the company's stock worth $5,524,000 after purchasing an additional 33,716 shares during the period. 81.24% of the stock is owned by institutional investors.

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.