Piper Sandler Reaffirms Their Hold Rating on Brighthouse Financial (BHF)

Piper Sandler analyst John Barnidge maintained a Hold rating on Brighthouse Financial (BHF – Research Report) today and set a price target of $55.00. The company’s shares closed yesterday at $50.75.

Barnidge covers the Financial sector, focusing on stocks such as AFLAC, Ameriprise Financial, and Assurant. According to TipRanks, Barnidge has an average return of 10.2% and a 60.24% success rate on recommended stocks.

Brighthouse Financial has an analyst consensus of Moderate Sell, with a price target consensus of $51.83.

Based on Brighthouse Financial’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.17 billion and a net profit of $479 million. In comparison, last year the company earned a revenue of $1.12 billion and had a net profit of $413 million

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BHF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Brighthouse Financial (BHF) Company Description:

Brighthouse Financial, Inc. operates as a holding company, which engages in the provision of life insurance and annuities through independent distribution channels and marketing arrangements with diverse network of distribution partners. It operates through the following segments: Annuities; Life; Run-Off; and Corporate & Others. The Annuities segment product offerings include fixed, structured, income and variable annuities. The Life segment manufactures products to serve its target segments through a broad independent distribution network. The Run-Off segment includes structured settlements, pension risk transfer contracts, certain company-owned life insurance policies, funding agreements and universal life with secondary guarantees. The Corporate & Other segment refers to the general account investments and the separate account assets of the company. The company was founded on August 1, 2016 and is headquartered in Charlotte, NC.