Zacks Investment Research Lowers Brighthouse Financial (BHF) to Sell
Zacks Investment Research lowered shares of Brighthouse Financial (NASDAQ:BHF) from a hold rating to a sell rating in a research note issued to investors on Tuesday.
According to Zacks, “Brighthouse Financial, Inc. provides life insurance and annuity solutions primarily in the United States. The Company offers shield, variable, guaranteed, income, and fixed annuities as well as life insurance, retirement planning and financial advisory services. Brighthouse Financial, Inc. is based in Charlotte, North Carolina. “
Several other analysts have also commented on the stock. Credit Suisse Group assumed coverage on shares of Brighthouse Financial in a research report on Monday, August 7th. They set a neutral rating and a $71.00 price target on the stock. Keefe, Bruyette & Woods began coverage on shares of Brighthouse Financial in a research note on Monday, August 7th. They set a market perform rating and a $65.00 target price on the stock. Sandler O’Neill began coverage on shares of Brighthouse Financial in a research note on Tuesday, September 5th. They set a hold rating and a $60.00 target price on the stock. B. Riley reaffirmed a neutral rating on shares of Brighthouse Financial in a research note on Monday, November 6th. Finally, Citigroup initiated coverage on shares of Brighthouse Financial in a research note on Monday, August 7th. They set a sell rating on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $67.46.
In other news, Director C Edward Chaplin purchased 2,000 shares of the stock in a transaction on Wednesday, September 13th. The stock was bought at an average price of $55.03 per share, for a total transaction of $110,060.00. Following the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $110,060. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
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Brighthouse Financial Company Profile
Brighthouse Financial, Inc is a provider of life insurance and annuity products in the United States. The Company offers a range of products and services, which include variable, fixed, index-linked and income annuities, as well as variable, universal, term and whole life products. These products and services are marketed through various third party retail distribution channels in the United States.
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