Keefe, Bruyette & Woods Raises Brighthouse Financial (NASDAQ:BHF) Price Target to $66.00

Brighthouse Financial (NASDAQ:BHF) had its price objective boosted by equities research analysts at Keefe, Bruyette & Woods from $60.00 to $66.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 6.21% from the stock’s current price.

BHF has been the topic of a number of other reports. Barclays raised Brighthouse Financial from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $52.00 to $85.00 in a research note on Wednesday, January 29th. Wells Fargo & Company dropped their price target on shares of Brighthouse Financial from $42.00 to $41.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 14th. Piper Sandler increased their price target on Brighthouse Financial from $52.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. lowered their target price on Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating for the company in a report on Tuesday, January 7th. Finally, Jefferies Financial Group downgraded shares of Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 target price on the stock. in a research report on Monday, February 3rd. 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. According to data from MarketBeat.com, Brighthouse Financial currently has an average rating of “Hold” and an average target price of $59.50.

Brighthouse Financial Trading Up 5.8 %

BHF opened at $62.14 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.56. Brighthouse Financial has a twelve month low of $40.00 and a twelve month high of $64.00. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of -3.06 and a beta of 1.10. The company has a 50-day simple moving average of $52.09 and a 200 day simple moving average of $48.56.

Brighthouse Financial (NASDAQ:BHF) last issued its earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share for the quarter, beating analysts’ consensus estimates of $4.56 by $1.32. Brighthouse Financial had a positive return on equity of 23.54% and a negative net margin of 24.40%. Analysts predict that Brighthouse Financial will post 18.2 EPS for the current fiscal year.

Insider Activity at Brighthouse Financial

In related news, EVP John Rosenthal sold 10,000 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $61.00, for a total transaction of $610,000.00. Following the completion of the sale, the executive vice president now owns 66,262 shares in the company, valued at approximately $4,041,982. This represents a 13.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Myles Lambert sold 8,400 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $51.70, for a total value of $434,280.00. Following the transaction, the executive vice president now owns 33,407 shares in the company, valued at approximately $1,727,141.90. This trade represents a 20.09 % 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 insiders.

Institutional Trading of Brighthouse Financial

Several institutional investors have recently made changes to their positions in the company. Venturi Wealth Management LLC boosted its holdings in Brighthouse Financial by 989.5% during the third quarter. Venturi Wealth Management LLC now owns 621 shares of the company’s stock worth $28,000 after purchasing an additional 564 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its position in shares of Brighthouse Financial by 327.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company’s stock worth $44,000 after buying an additional 703 shares in the last quarter. CWM LLC boosted its stake in shares of Brighthouse Financial by 29.4% in the 3rd quarter. CWM LLC now owns 1,491 shares of the company’s stock worth $67,000 after buying an additional 339 shares during the last quarter. Siemens Fonds Invest GmbH bought a new position in shares of Brighthouse Financial in the fourth quarter valued at approximately $94,000. Finally, KBC Group NV increased its position in shares of Brighthouse Financial by 30.2% during the third quarter. KBC Group NV now owns 2,001 shares of the company’s stock valued at $90,000 after acquiring an additional 464 shares during the last quarter. 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.