Keefe, Bruyette & Woods Issues Pessimistic Forecast for Brighthouse Financial (NASDAQ:BHF) Stock Price

Key Points

• Keefe, Bruyette & Woods has lowered its price target for Brighthouse Financial (NASDAQ:BHF) from $57.00 to $50.00, indicating a potential upside of 12.31% based on the stock's current price.
• Brighthouse Financial's shares are down 3.4%, following a disappointing quarterly earnings report, where EPS was $3.43, missing estimates by $1.27.
• The company currently has a consensus rating of "Hold," with varied ratings from other research firms, reflecting a divided outlook among analysts on the stock's performance.

Brighthouse Financial (NASDAQ:BHF - Free Report) had its price objective cut by Keefe, Bruyette & Woods from $57.00 to $50.00 in a research note published on Monday morning,Benzinga reports. They currently have a market perform rating on the stock.

Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. upped their price target on Brighthouse Financial from $56.00 to $63.00 and gave the company an "underweight" rating in a research report on Tuesday, July 8th. Barclays cut their target price on Brighthouse Financial from $70.00 to $65.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Wells Fargo & Company lifted their price target on Brighthouse Financial from $53.00 to $54.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Morgan Stanley dropped their price objective on shares of Brighthouse Financial from $45.00 to $42.00 and set an "underweight" rating for the company in a report on Monday, July 14th. Finally, Piper Sandler reduced their target price on shares of Brighthouse Financial from $63.00 to $55.00 and set a "neutral" rating on the stock in a research note on Thursday, July 3rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $59.67.

Brighthouse Financial Price Performance

Brighthouse Financial stock traded down $0.32 during trading on Monday, reaching $46.68. The company had a trading volume of 528,322 shares, compared to its average volume of 855,130. The firm's 50-day simple moving average is $52.05 and its 200 day simple moving average is $55.24. Brighthouse Financial has a 1-year low of $40.00 and a 1-year high of $64.12. The firm has a market capitalization of $2.67 billion, a PE ratio of 5.05 and a beta of 0.88. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.91 and a current ratio of 0.93.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $3.43 EPS for the quarter, missing analysts' consensus estimates of $4.70 by ($1.27). The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.21 billion. Brighthouse Financial had a net margin of 10.24% and a return on equity of 21.06%. Brighthouse Financial's revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $5.57 EPS. As a group, equities research 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 dated Monday, June 2nd. The stock was sold at an average price of $59.51, for a total value 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BHF. LPL Financial LLC boosted its position in shares of Brighthouse Financial by 0.4% during the 1st quarter. LPL Financial LLC now owns 39,718 shares of the company's stock worth $2,303,000 after acquiring an additional 173 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Brighthouse Financial by 5.3% during the first quarter. PNC Financial Services Group Inc. now owns 3,598 shares of the company's stock worth $209,000 after purchasing an additional 181 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Brighthouse Financial by 11.0% in the first quarter. GAMMA Investing LLC now owns 2,035 shares of the company's stock valued at $118,000 after purchasing an additional 202 shares in the last quarter. Four Tree Island Advisory LLC increased its stake in Brighthouse Financial by 1.8% in the second quarter. Four Tree Island Advisory LLC now owns 12,262 shares of the company's stock valued at $659,000 after purchasing an additional 214 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in Brighthouse Financial by 19.4% during the second quarter. Parallel Advisors LLC now owns 1,364 shares of the company's stock worth $73,000 after purchasing an additional 222 shares in the last quarter. Institutional investors and hedge funds 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.