In a report released yesterday, Ryan Krueger from KBW maintained a Sell rating on Brighthouse Financial (BHF – Research Report), with a price target of $50.00. The company’s shares closed yesterday at $51.07.
According to TipRanks, Krueger is a 5-star analyst with an average return of 13.0% and a 73.53% success rate. Krueger covers the Financial sector, focusing on stocks such as Globe Life, American Equity Investment Life, and Genworth Financial.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Brighthouse Financial with a $51.71 average price target.
Based on Brighthouse Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.4 billion and a GAAP net loss of $917 million. In comparison, last year the company had a net profit of $136 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.
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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.
