Brighthouse Financial Inc (NASDAQ:BHF) shares dropped 6.2% during mid-day trading on Tuesday . The company traded as low as $37.83 and last traded at $38.10, approximately 1,922,471 shares were traded during trading. An increase of 37% from the average daily volume of 1,405,876 shares. The stock had previously closed at $40.60.
A number of research analysts have commented on the company. Wells Fargo & Co restated a “hold” rating and issued a $41.00 target price on shares of Brighthouse Financial in a research note on Tuesday, November 5th. BidaskClub raised Brighthouse Financial from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. ValuEngine raised Brighthouse Financial from a “sell” rating to a “hold” rating in a research note on Tuesday. Citigroup reduced their price target on Brighthouse Financial from $36.00 to $33.00 and set a “sell” rating for the company in a report on Friday, September 13th. Finally, Morgan Stanley lowered their price target on Brighthouse Financial from $43.00 to $41.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 20th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $37.11.
The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.54 and a current ratio of 0.54. The firm’s 50 day moving average is $39.55 and its 200-day moving average is $37.82. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 5.17, a price-to-earnings-growth ratio of 0.41 and a beta of 2.10.
Several large investors have recently made changes to their positions in BHF. Millennium Management LLC boosted its stake in shares of Brighthouse Financial by 29.6% during the 3rd quarter. Millennium Management LLC now owns 12,697 shares of the company’s stock worth $513,000 after acquiring an additional 2,897 shares in the last quarter. Squarepoint Ops LLC increased its holdings in shares of Brighthouse Financial by 104.2% during the 3rd quarter. Squarepoint Ops LLC now owns 149,727 shares of the company’s stock valued at $6,059,000 after acquiring an additional 76,393 shares during the last quarter. Voloridge Investment Management LLC acquired a new position in shares of Brighthouse Financial during the 3rd quarter valued at about $2,059,000. Barclays PLC raised its stake in shares of Brighthouse Financial by 81.0% in the 3rd quarter. Barclays PLC now owns 148,602 shares of the company’s stock valued at $6,013,000 after acquiring an additional 66,496 shares in the last quarter. Finally, Pictet Asset Management Ltd. raised its stake in shares of Brighthouse Financial by 15.7% in the 3rd quarter. Pictet Asset Management Ltd. now owns 41,936 shares of the company’s stock valued at $1,697,000 after acquiring an additional 5,700 shares in the last quarter. 85.97% of the stock is owned by institutional investors.
Brighthouse Financial Company Profile (NASDAQ:BHF)
Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment 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.
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