Brighthouse Financial, Inc. (NASDAQ:BHF) Given Average Rating of “Reduce” by Analysts

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF) have been given an average rating of “Reduce” by the ten analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $63.6667.

A number of analysts have recently issued reports on the company. Barclays downgraded Brighthouse Financial from an “overweight” rating to an “equal weight” rating and set a $65.00 price target for the company. in a research report on Thursday, January 8th. Keefe, Bruyette & Woods raised their target price on shares of Brighthouse Financial from $50.00 to $70.00 and gave the company a “market perform” rating in a research note on Friday, November 7th. Morgan Stanley set a $70.00 target price on shares of Brighthouse Financial in a research report on Thursday, November 6th. Zacks Research raised shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brighthouse Financial in a report on Monday, December 29th.

Hedge Funds Weigh In On Brighthouse Financial

A number of hedge funds and other institutional investors have recently modified their holdings of BHF. HBK Investments L P purchased a new position in shares of Brighthouse Financial during the fourth quarter valued at about $136,059,000. Glazer Capital LLC bought a new position in Brighthouse Financial in the fourth quarter worth $113,252,000. UBS Group AG lifted its position in Brighthouse Financial by 98.1% during the third quarter. UBS Group AG now owns 3,413,278 shares of the company’s stock valued at $181,177,000 after buying an additional 1,690,064 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Brighthouse Financial by 190.7% during the 3rd quarter. AQR Capital Management LLC now owns 1,396,245 shares of the company’s stock valued at $74,113,000 after buying an additional 915,902 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Brighthouse Financial in the 2nd quarter worth about $41,182,000. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Brighthouse Financial Trading Down 1.8%

Brighthouse Financial stock opened at $60.76 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.95 and a current ratio of 0.93. Brighthouse Financial has a fifty-two week low of $42.07 and a fifty-two week high of $66.33. The stock has a market cap of $3.47 billion, a P/E ratio of 10.48 and a beta of 0.97. The firm’s fifty day moving average price is $64.15 and its 200-day moving average price is $57.59.

About Brighthouse Financial

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.