A number of other research firms have also weighed in on BHF. Wells Fargo & Co lowered shares of Brighthouse Financial from an equal weight rating to an underweight rating and set a $40.00 target price on the stock. in a report on Monday, January 6th. TheStreet lowered shares of Brighthouse Financial from a c rating to a d+ rating in a report on Monday, March 16th. Citigroup boosted their price target on shares of Brighthouse Financial from $33.00 to $40.00 and gave the stock a sell rating in a research report on Tuesday, February 18th. They noted that the move was a valuation call. Royal Bank of Canada dropped their price target on shares of Brighthouse Financial from $50.00 to $24.00 and set a sector perform rating on the stock in a research report on Friday, March 20th. Finally, Morgan Stanley dropped their price target on shares of Brighthouse Financial from $42.00 to $26.00 and set an equal weight rating on the stock in a research report on Tuesday, March 17th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $37.10.
Shares of Brighthouse Financial stock traded down $1.26 during midday trading on Thursday, hitting $25.28. 1,309,829 shares of the company traded hands, compared to its average volume of 2,222,571. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of -3.61 and a beta of 1.84. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.51 and a current ratio of 0.51. The firm’s fifty day moving average price is $33.77 and its 200-day moving average price is $38.14. Brighthouse Financial has a 12 month low of $12.05 and a 12 month high of $48.25.
In related news, Director William Francis Wallace purchased 5,000 shares of Brighthouse Financial stock in a transaction that occurred on Thursday, March 12th. The stock was bought at an average price of $22.83 per share, for a total transaction of $114,150.00. Following the completion of the transaction, the director now owns 9,694 shares in the company, valued at $221,314.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.23% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Ancora Advisors LLC purchased a new stake in Brighthouse Financial during the fourth quarter valued at about $48,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Brighthouse Financial by 163.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,888 shares of the company’s stock valued at $74,000 after purchasing an additional 1,171 shares during the last quarter. Penserra Capital Management LLC purchased a new stake in Brighthouse Financial during the fourth quarter valued at about $140,000. Signaturefd LLC lifted its holdings in Brighthouse Financial by 12.3% during the fourth quarter. Signaturefd LLC now owns 3,781 shares of the company’s stock valued at $148,000 after purchasing an additional 413 shares during the last quarter. Finally, Ayalon Holdings Ltd. lifted its holdings in Brighthouse Financial by 19.7% during the fourth quarter. Ayalon Holdings Ltd. now owns 3,834 shares of the company’s stock valued at $150,000 after purchasing an additional 632 shares during the last quarter. Institutional investors own 88.72% of the company’s stock.
Brighthouse Financial Company Profile
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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