6 hours Ago By ABMN Staff
Brighthouse Financial ( NASDAQ:BHF – Free Report ) had its price objective trimmed by Piper Sandler from $55.00 to $52.00 in a report released on Wednesday, Benzinga reports.
The firm currently has a neutral rating on the stock. A number of other research analysts also recently weighed in on the stock. Barclays raised their target price on shares of Brighthouse Financial from $48.
00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, December 16th. Wells Fargo & Company raised their price objective on Brighthouse Financial from $40.
00 to $41.00 and gave the company an “underweight” rating in a report on Thursday, October 10th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock.
According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $51.75. Get Our Latest Stock Report on BHF Brighthouse Financial Stock Up 2.
9 % Brighthouse Financial ( NASDAQ:BHF – Get Free Report ) last issued its quarterly earnings data on Thursday, November 7th. The company reported $3.99 EPS for the quarter, missing analysts’ consensus estimates of $4.
50 by ($0.51). The company had revenue of $2.
02 billion for the quarter, compared to analyst estimates 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 earnings per share. As a group, equities analysts expect that Brighthouse Financial will post 18.47 earnings per share for the current year.
Insider Activity In other Brighthouse Financial news, EVP John Rosenthal sold 4,265 shares of the company’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $46.04, for a total transaction of $196,360.
60. Following the sale, the executive vice president now owns 86,262 shares of the company’s stock, valued at approximately $3,971,502.48.
This represents a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink .
Also, EVP Myles Lambert sold 8,400 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $51.70, for a total value of $434,280.
00. Following the sale, the executive vice president now owns 33,407 shares in the company, valued at approximately $1,727,141.90.
The trade was a 20.09 % decrease in their position. The disclosure for this sale can be found here .
1.40% of the stock is currently owned by insiders. Hedge Funds Weigh In On Brighthouse Financial A number of institutional investors and hedge funds have recently made changes to their positions in the stock.
Geode Capital Management LLC increased its position in shares of Brighthouse Financial by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,091,462 shares of the company’s stock worth $49,160,000 after acquiring an additional 8,004 shares in the last quarter.
XTX Topco Ltd increased its holdings in Brighthouse Financial by 20.3% during the 3rd quarter. XTX Topco Ltd now owns 27,974 shares of the company’s stock worth $1,260,000 after purchasing an additional 4,726 shares in the last quarter.
Weiss Asset Management LP purchased a new stake in shares of Brighthouse Financial in the third quarter worth approximately $782,000. Two Sigma Advisers LP lifted its holdings in shares of Brighthouse Financial by 12.6% in the third quarter.
Two Sigma Advisers LP now owns 320,700 shares of the company’s stock valued at $14,441,000 after purchasing an additional 35,800 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Brighthouse Financial by 2.2% in the third quarter.
State Street Corp now owns 2,314,905 shares of the company’s stock valued at $104,240,000 after purchasing an additional 50,441 shares in the last quarter. 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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