A number of other analysts have also weighed in on BHF. Wells Fargo & Co lowered Brighthouse Financial from an equal weight rating to an underweight rating and set a $40.00 target price for the company. in a research note on Monday, January 6th. Goldman Sachs Group upgraded Brighthouse Financial from a sell rating to a neutral rating and raised their target price for the company from $30.00 to $41.00 in a research note on Wednesday, January 8th. Credit Suisse Group upgraded Brighthouse Financial from an underperform rating to a neutral rating and raised their target price for the company from $22.00 to $34.00 in a research note on Friday, January 3rd. Finally, ValuEngine upgraded Brighthouse Financial from a strong sell rating to a sell rating in a research note on Friday, December 27th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $39.33.
Shares of NASDAQ BHF opened at $40.75 on Friday. The stock has a market cap of $4.42 billion, a PE ratio of 2.69, a PEG ratio of 0.38 and a beta of 2.07. The business has a fifty day moving average of $40.11 and a two-hundred day moving average of $38.50. Brighthouse Financial has a 52-week low of $32.53 and a 52-week high of $44.12. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.54 and a current ratio of 0.54.
A number of hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC increased its position in Brighthouse Financial by 3.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 17,813 shares of the company’s stock worth $699,000 after purchasing an additional 649 shares during the period. Alpine Global Management LLC acquired a new stake in Brighthouse Financial in the fourth quarter worth about $348,000. Sciencast Management LP acquired a new stake in Brighthouse Financial in the fourth quarter worth about $445,000. Hennessy Advisors Inc. acquired a new stake in Brighthouse Financial in the fourth quarter worth about $11,490,000. Finally, Polianta Ltd acquired a new stake in Brighthouse Financial in the fourth quarter worth about $1,133,000. Hedge funds and other institutional investors own 86.28% 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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