Brighthouse Financial’s (BHF) “Market Perform” Rating Reaffirmed at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their market perform rating on shares of Brighthouse Financial (NASDAQ:BHF) in a research note released on Thursday,Benzinga reports. The brokerage currently has a $67.00 price target on the stock.

A number of other research firms have also weighed in on BHF. Zacks Research upgraded Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brighthouse Financial in a research note on Monday, December 29th. Finally, Barclays cut shares of Brighthouse Financial from an “overweight” rating to an “equal weight” rating and set a $65.00 target price for the company. in a report on Thursday, January 8th. Eight research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Brighthouse Financial currently has a consensus rating of “Reduce” and a consensus price target of $60.86.

Brighthouse Financial Price Performance

Shares of NASDAQ:BHF opened at $60.47 on Thursday. The company has a market capitalization of $3.46 billion, a PE ratio of 10.43 and a beta of 0.96. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a fifty day moving average of $62.22 and a 200-day moving average of $59.54. Brighthouse Financial has a one year low of $42.07 and a one year high of $66.33.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Citigroup Inc. boosted its stake in shares of Brighthouse Financial by 360.5% during the 3rd quarter. Citigroup Inc. now owns 151,891 shares of the company’s stock valued at $8,062,000 after buying an additional 118,909 shares during the period. Clear Harbor Asset Management LLC acquired a new position in shares of Brighthouse Financial in the third quarter worth $919,000. Four Tree Island Advisory LLC increased its stake in shares of Brighthouse Financial by 85.6% in the third quarter. Four Tree Island Advisory LLC now owns 22,762 shares of the company’s stock worth $1,210,000 after acquiring an additional 10,500 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Brighthouse Financial by 10.4% during the third quarter. American Century Companies Inc. now owns 2,210,276 shares of the company’s stock worth $117,321,000 after acquiring an additional 208,630 shares in the last quarter. Finally, Gabelli Funds LLC purchased a new stake in shares of Brighthouse Financial during the third quarter worth $1,328,000. 81.24% of the stock is owned by institutional investors and hedge funds.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc is a U.S.-based life insurance company that specializes in retirement income solutions and annuity products. The firm was established in August 2017 as a spin-off from MetLife, Inc, and is headquartered in Charlotte, North Carolina. Since its separation, Brighthouse Financial has focused on providing products designed to help individuals and families manage retirement income needs, drawing on decades of experience in life insurance and annuity administration inherited from its parent company.

The company’s core product offerings include fixed indexed annuities, which allow policyholders to participate in market-linked gains while protecting against downside market risk, and single premium immediate annuities, which provide guaranteed lifetime income.