Brighthouse Financial (NASDAQ:BHF) PT Raised to $54.00 at Jefferies Financial Group

Brighthouse Financial (NASDAQ:BHF) had its price objective raised by investment analysts at Jefferies Financial Group from $46.00 to $54.00 in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 4.05% from the stock’s current price.

Several other brokerages have also recently commented on BHF. Piper Sandler raised their price target on shares of Brighthouse Financial from $44.00 to $50.00 in a research report on Friday, July 7th. Barclays lifted their price target on shares of Brighthouse Financial from $42.00 to $49.00 in a research note on Tuesday, July 11th. Finally, Morgan Stanley lifted their price target on shares of Brighthouse Financial from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, August 18th. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $52.86.

Brighthouse Financial Stock Up 1.1 %

Shares of NASDAQ BHF opened at $51.90 on Thursday. The company has a 50 day simple moving average of $49.97 and a 200-day simple moving average of $46.40. The company has a market capitalization of $3.40 billion, a P/E ratio of -1.50 and a beta of 1.32. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.79 and a quick ratio of 0.79. Brighthouse Financial has a 1 year low of $39.24 and a 1 year high of $60.54.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $4.13 earnings per share for the quarter, topping analysts’ consensus estimates of $3.55 by $0.58. The firm had revenue of $263.00 million during the quarter, compared to analysts’ expectations of $2.07 billion. Brighthouse Financial had a negative net margin of 65.81% and a positive return on equity of 14.27%. During the same quarter last year, the company posted $3.29 EPS. On average, equities research analysts predict that Brighthouse Financial will post 15.17 earnings per share for the current year.

Institutional Trading of Brighthouse Financial

A number of institutional investors have recently added to or reduced their stakes in BHF. New Mexico Educational Retirement Board lifted its holdings in shares of Brighthouse Financial by 5.9% in the first quarter. New Mexico Educational Retirement Board now owns 12,500 shares of the company’s stock valued at $551,000 after purchasing an additional 700 shares in the last quarter. EMC Capital Management purchased a new stake in shares of Brighthouse Financial in the fourth quarter valued at about $61,000. UBS Group AG lifted its holdings in shares of Brighthouse Financial by 1.8% in the first quarter. UBS Group AG now owns 901,968 shares of the company’s stock valued at $39,786,000 after purchasing an additional 15,624 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Brighthouse Financial in the fourth quarter valued at about $25,936,000. Finally, Lumbard & Kellner LLC lifted its holdings in shares of Brighthouse Financial by 0.5% in the first quarter. Lumbard & Kellner LLC now owns 68,476 shares of the company’s stock valued at $3,027,000 after purchasing an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 79.77% 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 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.