The stock of Brighthouse Financial Inc. (NASDAQ:BHF) last traded at $51.27, down -0.52% from the previous session.
Data from the available sources indicates that Brighthouse Financial Inc. (NASDAQ:BHF) is covered by 12 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $63.00 and a low of $47.00, we find $54.00. Given the previous closing price of $51.54, this indicates a potential upside of 4.77 percent. BHF stock price is now -3.85% away from the 50-day moving average and 4.94% away from the 200-day moving average. The market capitalization of the company currently stands at $3.56B.
In total, 11 analysts have assigned it a hold rating, and 0 have given it a buy rating. Brokers who have rated the stock have averaged $54.00 as their price target over the next twelve months.
With the price target enhanced from $53 to $54, Wells Fargo Upgraded its rating from Underweight to Equal Weight for Brighthouse Financial Inc. (NASDAQ: BHF). On January 26, 2022, Jefferies recently initiated its ‘Hold’ rating on the stock quoting a target price of $52, while ‘Wolfe Research’ rates the stock as ‘Outperform’.
Insiders disposed of 119,785 shares of company stock worth roughly $6.14 million over the past 1 year. A total of 0.91% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BHF stock. A new stake in Brighthouse Financial Inc. shares was purchased by MUFG SECURITIES EMEA PLC during the first quarter worth $13,330,000. GREAT WEST LIFE ASSURANCE CO /CAN/ invested $5,240,000 in shares of BHF during the first quarter. In the first quarter, AMALGAMATED FINANCIAL CORP. acquired a new stake in Brighthouse Financial Inc. valued at approximately $2,786,000. ONTARIO TEACHERS PENSION PLAN BOARD acquired a new stake in BHF for approximately $1,787,000. TUDOR INVESTMENT CORP ET AL purchased a new stake in BHF valued at around $1,721,000 in the second quarter. In total, there are 535 active investors with 83.10% ownership of the company’s stock.
With an opening price of $51.25 on Friday morning, Brighthouse Financial Inc. (NASDAQ: BHF) set off the trading day. During the past 12 months, Brighthouse Financial Inc. has had a low of $38.38 and a high of $62.33. The fifty day moving average price for BHF is $53.34 and a two-hundred day moving average price translates $48.86 for the stock.
The latest earnings results from Brighthouse Financial Inc. (NASDAQ: BHF) was released for Jun, 2022. According to the Insurance – Life Company, earnings per share came in at $0.33, missing analysts’ expectations of $2.28 by -1.95. This compares to $4.34 EPS in the same period last year. The net profit margin was 9.10% and return on equity was 8.10% for BHF. The company reported revenue of $1.48 billion for the quarter, compared to $2.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -41.0 percent. For the current quarter, analysts expect BHF to generate $1.9B in revenue.
Brighthouse Financial Inc.(BHF) 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 offers 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. The Life segment provides term, universal, whole, and variable life policies for policyholders’ needs for financial security and protected wealth transfer. The Run-off segment manages structured settlements, pension risk transfer contracts, certain company-owned life insurance policies, funding agreements, and universal life with secondary guarantees. The company was incorporated in 2016 and is based in Charlotte, North Carolina.