Brighthouse Financial (NASDAQ:BHF) had its price objective lowered by Bank of America from $47.00 to $45.00 in a research note released on Tuesday. The brokerage currently has a neutral rating on the stock.
A number of other brokerages also recently issued reports on BHF. BidaskClub upgraded Brighthouse Financial from a strong sell rating to a sell rating in a research note on Friday, September 21st. ValuEngine downgraded Brighthouse Financial from a hold rating to a sell rating in a research note on Friday, August 3rd. Barclays downgraded Brighthouse Financial from an overweight rating to an underweight rating and set a $60.00 price objective for the company. in a research note on Friday, August 10th. Wells Fargo & Co set a $50.00 price objective on Brighthouse Financial and gave the company a hold rating in a research note on Monday, November 5th. Finally, Morgan Stanley reduced their price objective on Brighthouse Financial from $60.00 to $58.00 and set an equal weight rating for the company in a research note on Wednesday, July 11th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. Brighthouse Financial currently has a consensus rating of Hold and an average target price of $56.07.
NASDAQ:BHF traded down $1.80 during trading on Tuesday, reaching $41.57. The company’s stock had a trading volume of 1,084,246 shares, compared to its average volume of 1,791,316. The company has a market capitalization of $5.12 billion, a PE ratio of 6.93, a price-to-earnings-growth ratio of 0.55 and a beta of 1.56. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.46 and a quick ratio of 0.46. Brighthouse Financial has a 12 month low of $37.68 and a 12 month high of $67.55.
Hedge funds have recently bought and sold shares of the company. First Hawaiian Bank bought a new position in Brighthouse Financial in the 3rd quarter worth about $142,000. AGF Investments America Inc. bought a new position in Brighthouse Financial in the 3rd quarter worth about $164,000. Daiwa Securities Group Inc. bought a new position in Brighthouse Financial in the 3rd quarter worth about $164,000. Hexavest Inc. bought a new position in Brighthouse Financial in the 2nd quarter worth about $158,000. Finally, Whittier Trust Co. bought a new position in Brighthouse Financial in the 3rd quarter worth about $176,000. Institutional investors own 87.32% of the company’s stock.
About Brighthouse Financial
Brighthouse Financial, Inc provides a range of annuity and life insurance products in the United States. The company operates through three segments: Annuities, Life, and Run-off. It offers variable, fixed, index-linked, and income annuities for contract holders' needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security; and term, whole, universal, and variable life insurance products for policyholders' needs for financial security and protected wealth transfer.
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