Brighthouse Financial (NASDAQ:BHF) Price Target Raised to $45.00

Brighthouse Financial (NASDAQ:BHF) had its price target hoisted by Morgan Stanley from $41.00 to $45.00 in a research note issued to investors on Monday morning,Benzinga reports. Morgan Stanley currently has an underweight rating on the stock.

A number of other research analysts have also weighed in on BHF. UBS Group set a $72.00 target price on Brighthouse Financial in a report on Tuesday, March 18th. Keefe, Bruyette & Woods increased their price target on Brighthouse Financial from $56.00 to $59.00 and gave the company a “market perform” rating in a research report on Tuesday, May 13th. Barclays increased their price target on Brighthouse Financial from $75.00 to $76.00 and gave the company an “overweight” rating in a research report on Friday, May 9th. Piper Sandler increased their price target on Brighthouse Financial from $52.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Finally, Raymond James raised Brighthouse Financial from a “market perform” rating to a “strong-buy” rating and set a $72.00 price target for the company in a research report on Tuesday, March 18th. Two analysts have rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $60.80.

Brighthouse Financial Stock Down 4.6%

BHF stock opened at $58.33 on Monday. Brighthouse Financial has a twelve month low of $40.00 and a twelve month high of $64.12. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.63. The stock’s 50 day moving average is $55.55 and its 200-day moving average is $53.78. The firm has a market capitalization of $3.35 billion, a PE ratio of 11.30 and a beta of 0.96.

Brighthouse Financial (NASDAQ:BHF) last posted its earnings results on Thursday, May 8th. The company reported $4.17 earnings per share for the quarter, missing analysts’ consensus estimates of $4.72 by ($0.55). Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the prior year, the business earned $4.25 EPS. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. Sell-side analysts expect that Brighthouse Financial will post 20.32 EPS for the current fiscal year.

Institutional Trading of Brighthouse Financial

Large investors have recently bought and sold shares of the company. Versant Capital Management Inc increased its position in Brighthouse Financial by 188.0% in the first quarter. Versant Capital Management Inc now owns 622 shares of the company’s stock worth $36,000 after buying an additional 406 shares during the last quarter. Brooklyn Investment Group increased its position in Brighthouse Financial by 42.0% in the first quarter. Brooklyn Investment Group now owns 764 shares of the company’s stock worth $44,000 after buying an additional 226 shares during the last quarter. Jones Financial Companies Lllp increased its position in Brighthouse Financial by 835.2% in the first quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock worth $48,000 after buying an additional 735 shares during the last quarter. Aster Capital Management DIFC Ltd increased its position in Brighthouse Financial by 327.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company’s stock worth $44,000 after buying an additional 703 shares during the last quarter. Finally, UMB Bank n.a. increased its position in Brighthouse Financial by 101.7% in the first quarter. UMB Bank n.a. now owns 1,200 shares of the company’s stock worth $70,000 after buying an additional 605 shares during the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

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.