Brighthouse Financial Inc (NASDAQ:BHF) shares hit a new 52-week low during trading on Thursday . The company traded as low as $35.80 and last traded at $36.17, with a volume of 195201 shares traded. The stock had previously closed at $38.81.
A number of research analysts have commented on BHF shares. Barclays cut Brighthouse Financial from an “overweight” rating to an “underweight” rating and set a $60.00 price objective on the stock. in a research note on Friday, August 10th. Bank of America restated a “neutral” rating and set a $47.00 price objective on shares of Brighthouse Financial in a research note on Wednesday, October 3rd. Credit Suisse Group upgraded Brighthouse Financial from an “underperform” rating to a “neutral” rating and set a $35.00 price objective on the stock in a research note on Wednesday, August 15th. They noted that the move was a valuation call. BidaskClub cut Brighthouse Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. Finally, ValuEngine upgraded Brighthouse Financial from a “strong sell” rating to a “sell” rating in a research note on Friday, August 17th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. Brighthouse Financial currently has an average rating of “Hold” and a consensus price target of $56.07.
The company has a debt-to-equity ratio of 0.31, a current ratio of 0.46 and a quick ratio of 0.46. The company has a market capitalization of $4.25 billion, a P/E ratio of 5.75, a PEG ratio of 0.47 and a beta of 1.58.
Large investors have recently added to or reduced their stakes in the stock. Seven Eight Capital LP acquired a new position in shares of Brighthouse Financial in the third quarter worth about $1,925,000. Matthew 25 Management Corp increased its holdings in Brighthouse Financial by 137.5% in the third quarter. Matthew 25 Management Corp now owns 95,000 shares of the company’s stock valued at $4,203,000 after buying an additional 55,000 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Brighthouse Financial by 93.5% in the second quarter. Acadian Asset Management LLC now owns 12,695 shares of the company’s stock valued at $509,000 after buying an additional 6,134 shares during the last quarter. Busey Trust CO bought a new stake in Brighthouse Financial in the third quarter valued at about $5,141,000. Finally, Raymond James & Associates increased its holdings in Brighthouse Financial by 24.9% in the second quarter. Raymond James & Associates now owns 93,254 shares of the company’s stock valued at $3,737,000 after buying an additional 18,604 shares during the last quarter. Institutional investors and hedge funds own 90.58% of the company’s stock.
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Brighthouse Financial Company Profile (NASDAQ:BHF)
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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