Brighthouse Financial (NASDAQ:BHF) Rating Lowered to “Hold” at Jefferies Financial Group

Brighthouse Financial (NASDAQ:BHFGet Free Report) was downgraded by research analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a note issued to investors on Monday, MarketBeat Ratings reports. They currently have a $64.00 target price on the stock. Jefferies Financial Group’s price target indicates a potential upside of 6.74% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the stock. Piper Sandler lowered their price objective on shares of Brighthouse Financial from $55.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Keefe, Bruyette & Woods boosted their price target on Brighthouse Financial from $48.00 to $60.00 and gave the company a “market perform” rating in a report on Wednesday, January 29th. Wells Fargo & Company reduced their price objective on Brighthouse Financial from $42.00 to $41.00 and set an “underweight” rating on the stock in a report on Tuesday, January 14th. Barclays upgraded Brighthouse Financial from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $52.00 to $85.00 in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. dropped their price target on Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 7th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $57.75.

Get Our Latest Report on BHF

Brighthouse Financial Trading Down 0.0 %

BHF opened at $59.96 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.92 and a current ratio of 0.92. The stock’s 50 day moving average price is $50.60 and its 200-day moving average price is $47.87. Brighthouse Financial has a one year low of $40.00 and a one year high of $64.00. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of -2.95 and a beta of 1.10.

Brighthouse Financial (NASDAQ:BHFGet Free Report) last released its earnings results on Thursday, November 7th. The company reported $3.99 earnings per share for the quarter, missing analysts’ consensus estimates 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 positive return on equity of 23.54% and a negative net margin of 24.40%. During the same quarter in the previous year, the business earned $4.18 EPS. On average, equities analysts forecast that Brighthouse Financial will post 18.2 EPS for the current year.

Insider Activity at Brighthouse Financial

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

Institutional Trading of Brighthouse Financial

Several large investors have recently added to or reduced their stakes in the company. State Street Corp raised its position in Brighthouse Financial by 2.2% during the 3rd quarter. State Street Corp now owns 2,314,905 shares of the company’s stock worth $104,240,000 after buying an additional 50,441 shares during the last quarter. Institute for Wealth Management LLC. purchased a new stake in Brighthouse Financial in the fourth quarter valued at $287,000. Range Financial Group LLC acquired a new stake in Brighthouse Financial during the 4th quarter worth about $826,000. GSA Capital Partners LLP purchased a new position in shares of Brighthouse Financial during the 3rd quarter valued at about $1,311,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Brighthouse Financial by 102.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 160,399 shares of the company’s stock valued at $7,223,000 after buying an additional 81,040 shares during the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.

About Brighthouse Financial

(Get Free Report)

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.

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