Wells Fargo & Company Issues Pessimistic Forecast for Brighthouse Financial (NASDAQ:BHF) Stock Price

Brighthouse Financial (NASDAQ:BHF) had its target price cut by analysts at Wells Fargo & Company from $42.00 to $41.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential downside of 12.69% from the stock’s previous close.

BHF has been the topic of a number of other reports. JPMorgan Chase & Co. dropped their target price on shares of Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 7th. Barclays boosted their target price on Brighthouse Financial from $48.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, December 16th. Finally, Piper Sandler decreased their price target on Brighthouse Financial from $55.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Brighthouse Financial presently has an average rating of “Hold” and an average price target of $51.38.

Brighthouse Financial Trading Up 1.1 %

Shares of BHF stock traded up $0.52 during trading hours on Tuesday, hitting $46.96. The company had a trading volume of 16,702 shares, compared to its average volume of 241,063. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $2.79 billion, a PE ratio of -2.31 and a beta of 1.08. Brighthouse Financial has a fifty-two week low of $40.00 and a fifty-two week high of $54.73. The company’s fifty day moving average is $49.65 and its 200 day moving average is $46.94.

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

Insider Buying and Selling at Brighthouse Financial

In other news, EVP Myles Lambert sold 8,400 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $51.70, for a total value of $434,280.00. Following the completion of the sale, the executive vice president now owns 33,407 shares of the company’s stock, valued at approximately $1,727,141.90. The trade was a 20.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Brighthouse Financial

Several institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE grew its position in Brighthouse Financial by 0.9% in the 3rd quarter. US Bancorp DE now owns 35,755 shares of the company’s stock worth $1,610,000 after purchasing an additional 319 shares during the last quarter. CWM LLC raised its position in shares of Brighthouse Financial by 29.4% during the 3rd quarter. CWM LLC now owns 1,491 shares of the company’s stock worth $67,000 after buying an additional 339 shares in the last quarter. Creative Planning raised its position in shares of Brighthouse Financial by 5.7% during the 3rd quarter. Creative Planning now owns 7,843 shares of the company’s stock worth $353,000 after buying an additional 420 shares in the last quarter. KBC Group NV lifted its stake in shares of Brighthouse Financial by 30.2% in the 3rd quarter. KBC Group NV now owns 2,001 shares of the company’s stock worth $90,000 after acquiring an additional 464 shares during the period. Finally, Venturi Wealth Management LLC increased its stake in shares of Brighthouse Financial by 989.5% during the third quarter. Venturi Wealth Management LLC now owns 621 shares of the company’s stock valued at $28,000 after acquiring an additional 564 shares during the period. 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.