Several other analysts have also recently issued reports on BHF. Barclays decreased their target price on shares of Brighthouse Financial from $72.00 to $60.00 and set an overweight rating on the stock in a research report on Monday, July 9th. B. Riley decreased their target price on shares of Brighthouse Financial from $59.00 to $49.00 and set a neutral rating on the stock in a research report on Monday, July 16th. ValuEngine cut shares of Brighthouse Financial from a hold rating to a sell rating in a research report on Friday, August 3rd. Credit Suisse Group upgraded shares of Brighthouse Financial from an underperform rating to a neutral rating and set a $35.00 target price on the stock in a research report on Wednesday, August 15th. They noted that the move was a valuation call. Finally, BidaskClub raised shares of Brighthouse Financial from a strong sell rating to a sell rating in a research report on Friday, September 21st. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $56.07.
Shares of NASDAQ BHF traded down $1.80 during mid-day trading on Tuesday, hitting $41.57. 1,084,246 shares of the company’s stock traded hands, compared to its average volume of 1,791,316. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 6.93, a P/E/G ratio of 0.55 and a beta of 1.56. Brighthouse Financial has a 1 year low of $37.68 and a 1 year high of $67.55.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Brighthouse Financial in the 3rd quarter worth about $472,593,000. Jennison Associates LLC purchased a new stake in Brighthouse Financial in the 3rd quarter worth about $70,648,000. EJF Capital LLC raised its position in Brighthouse Financial by 157.7% in the 2nd quarter. EJF Capital LLC now owns 1,262,500 shares of the company’s stock worth $50,588,000 after purchasing an additional 772,500 shares during the period. Bank of New York Mellon Corp bought a new position in Brighthouse Financial in the 3rd quarter worth about $54,272,000. Finally, Northern Trust Corp grew its stake in Brighthouse Financial by 20.0% in the 2nd quarter. Northern Trust Corp now owns 1,199,113 shares of the company’s stock worth $48,048,000 after acquiring an additional 199,652 shares in the last quarter. 87.32% of the stock is currently owned by institutional investors.
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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