Brighthouse Financial (NASDAQ:BHF) had its price objective reduced by Morgan Stanley from $58.00 to $55.00 in a research report report published on Tuesday. They currently have an equal weight rating on the stock.
A number of other brokerages also recently issued reports on BHF. ValuEngine downgraded shares of Brighthouse Financial from a hold rating to a sell rating in a research report on Friday, August 3rd. Bank of America reissued a neutral rating and set a $47.00 price objective on shares of Brighthouse Financial in a research report on Wednesday, October 3rd. BidaskClub raised shares of Brighthouse Financial from a sell rating to a hold rating in a research report on Saturday, October 6th. Wells Fargo & Co set a $50.00 price objective on shares of Brighthouse Financial and gave the company a hold rating in a research report on Monday, November 5th. Finally, Credit Suisse Group raised shares of Brighthouse Financial from an underperform rating to a neutral rating and set a $35.00 price objective for the company in a research report on Wednesday, August 15th. They noted that the move was a valuation call. Three equities research 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. The stock currently has a consensus rating of Hold and a consensus price target of $56.07.
NASDAQ:BHF traded down $1.80 during trading hours on Tuesday, reaching $41.57. The company had a trading volume of 1,084,246 shares, 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. Brighthouse Financial has a 52 week low of $37.68 and a 52 week high of $67.55. The company has a market cap 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.
Several hedge funds have recently modified their holdings of BHF. Jane Street Group LLC bought a new position in Brighthouse Financial in the 1st quarter worth $301,000. LPL Financial LLC bought a new position in Brighthouse Financial in the 1st quarter worth $420,000. Millennium Management LLC bought a new position in Brighthouse Financial in the 1st quarter worth $1,798,000. Principal Financial Group Inc. bought a new position in Brighthouse Financial in the 1st quarter worth $6,897,000. Finally, Allianz Asset Management GmbH bought a new position in Brighthouse Financial in the 1st quarter worth $847,000. 87.32% of the stock is owned by hedge funds and other institutional investors.
Brighthouse Financial Company Profile
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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