Brighthouse Financial (NASDAQ:BHF) Earns “Market Perform” Rating from Keefe, Bruyette & Woods

Brighthouse Financial (NASDAQ:BHF)‘s stock had its “market perform” rating reaffirmed by Keefe, Bruyette & Woods in a report released on Thursday,Benzinga reports. They currently have a $67.00 price target on the stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 10.75% from the company’s previous close.

Several other research firms have also recently weighed in on BHF. Barclays cut shares of Brighthouse Financial from an “overweight” rating to an “equal weight” rating and set a $65.00 price objective on the stock. in a research report on Thursday, January 8th. Zacks Research raised Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Brighthouse Financial in a report on Monday, December 29th. Eight investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Brighthouse Financial presently has an average rating of “Reduce” and a consensus price target of $60.86.

Brighthouse Financial Trading Down 0.1%

Shares of Brighthouse Financial stock traded down $0.05 during trading on Thursday, hitting $60.50. The stock had a trading volume of 147,652 shares, compared to its average volume of 780,992. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $3.46 billion, a PE ratio of 10.44 and a beta of 0.96. Brighthouse Financial has a 1 year low of $42.07 and a 1 year high of $66.33. The stock has a 50 day simple moving average of $62.29 and a 200 day simple moving average of $59.54.

Institutional Trading of Brighthouse Financial

A number of institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in Brighthouse Financial by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,495,032 shares of the company’s stock valued at $226,442,000 after acquiring an additional 45,109 shares during the last quarter. UBS Group AG increased its stake in shares of Brighthouse Financial by 98.1% during the 3rd quarter. UBS Group AG now owns 3,413,278 shares of the company’s stock worth $181,177,000 after purchasing an additional 1,690,064 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Brighthouse Financial by 10.4% during the 3rd quarter. American Century Companies Inc. now owns 2,210,276 shares of the company’s stock valued at $117,321,000 after purchasing an additional 208,630 shares in the last quarter. HBK Investments L P acquired a new stake in shares of Brighthouse Financial in the 4th quarter valued at $136,059,000. Finally, Glazer Capital LLC acquired a new stake in shares of Brighthouse Financial in the 4th quarter valued at $113,252,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc is a U.S.-based life insurance company that specializes in retirement income solutions and annuity products. The firm was established in August 2017 as a spin-off from MetLife, Inc, and is headquartered in Charlotte, North Carolina. Since its separation, Brighthouse Financial has focused on providing products designed to help individuals and families manage retirement income needs, drawing on decades of experience in life insurance and annuity administration inherited from its parent company.

The company’s core product offerings include fixed indexed annuities, which allow policyholders to participate in market-linked gains while protecting against downside market risk, and single premium immediate annuities, which provide guaranteed lifetime income.