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

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF) have earned an average rating of “Reduce” from the ten ratings firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $61.2857.

A number of brokerages have recently commented on BHF. Weiss Ratings reissued a “hold (c)” rating on shares of Brighthouse Financial in a report on Monday, December 29th. Zacks Research raised shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 17th. Finally, Barclays lowered 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 research report on Thursday, January 8th.

Brighthouse Financial Trading Down 0.4%

Shares of BHF opened at $59.35 on Monday. The firm’s 50 day simple moving average is $62.52 and its 200 day simple moving average is $59.30. The company has a market capitalization of $3.39 billion, a P/E ratio of 10.23 and a beta of 0.96. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.95. Brighthouse Financial has a 1-year low of $42.07 and a 1-year high of $66.33.

Hedge Funds Weigh In On Brighthouse Financial

Hedge funds and other institutional investors have recently modified their holdings of the company. HBK Investments L P purchased a new position in shares of Brighthouse Financial during the 4th quarter valued at about $136,059,000. Glazer Capital LLC purchased a new stake in Brighthouse Financial in the fourth quarter worth approximately $113,252,000. UBS Group AG boosted its stake in Brighthouse Financial by 98.1% in the third quarter. UBS Group AG now owns 3,413,278 shares of the company’s stock worth $181,177,000 after buying an additional 1,690,064 shares in the last quarter. AQR Capital Management LLC grew its position in Brighthouse Financial by 190.7% during the third quarter. AQR Capital Management LLC now owns 1,396,245 shares of the company’s stock valued at $74,113,000 after acquiring an additional 915,902 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Brighthouse Financial during the second quarter worth approximately $41,182,000. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

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.