Brighthouse Financial (NASDAQ:BHF) Stock Price Expected to Rise, Piper Sandler Analyst Says

Brighthouse Financial (NASDAQ:BHF) had its target price boosted by equities researchers at Piper Sandler from $52.00 to $60.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s price objective indicates a potential downside of 3.44% from the stock’s previous close.

A number of other analysts also recently weighed in on BHF. Barclays upgraded Brighthouse Financial from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $52.00 to $85.00 in a report on Wednesday, January 29th. Wells Fargo & Company lowered their price objective on Brighthouse Financial from $42.00 to $41.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. Jefferies Financial Group cut Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 target price on the stock. in a report on Monday, February 3rd. Keefe, Bruyette & Woods raised their price target on shares of Brighthouse Financial from $48.00 to $60.00 and gave the stock a “market perform” rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 7th. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $58.75.

Brighthouse Financial Price Performance

Brighthouse Financial stock opened at $62.14 on Thursday. The stock has a 50-day moving average price of $51.84 and a two-hundred day moving average price of $48.49. Brighthouse Financial has a 12 month low of $40.00 and a 12 month high of $64.00. The company has a market capitalization of $3.69 billion, a PE ratio of -3.06 and a beta of 1.10. 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 (NASDAQ:BHF) last posted its earnings results on Tuesday, February 11th. The company reported $5.88 EPS for the quarter, topping the consensus estimate of $4.56 by $1.32. Brighthouse Financial had a negative net margin of 24.40% and a positive return on equity of 23.54%. Analysts expect that Brighthouse Financial will post 18.2 EPS for the current year.

Insider Activity

In related news, EVP John Rosenthal sold 10,000 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $61.00, for a total value of $610,000.00. Following the completion of the sale, the executive vice president now directly owns 66,262 shares of the company’s stock, valued at $4,041,982. The trade was a 13.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Myles Lambert sold 8,400 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $51.70, for a total value of $434,280.00. Following the completion of the transaction, the executive vice president now owns 33,407 shares in the company, valued at approximately $1,727,141.90. The trade was a 20.09 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

Institutional Trading of Brighthouse Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. Xponance Inc. boosted its position in shares of Brighthouse Financial by 2.7% during the fourth quarter. Xponance Inc. now owns 6,860 shares of the company’s stock valued at $330,000 after buying an additional 181 shares during the last quarter. Pinnacle Holdings LLC boosted its holdings in Brighthouse Financial by 0.4% during the 4th quarter. Pinnacle Holdings LLC now owns 46,297 shares of the company’s stock worth $2,224,000 after acquiring an additional 191 shares during the last quarter. Amalgamated Bank grew its stake in shares of Brighthouse Financial by 0.8% in the 4th quarter. Amalgamated Bank now owns 28,345 shares of the company’s stock worth $1,362,000 after acquiring an additional 227 shares in the last quarter. Mariner LLC lifted its position in shares of Brighthouse Financial by 4.2% during the fourth quarter. Mariner LLC now owns 6,055 shares of the company’s stock valued at $291,000 after purchasing an additional 242 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in Brighthouse Financial by 0.9% during the third 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. Institutional investors 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.