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

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

A number of other research analysts have also issued reports on the stock. Zacks Research raised shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 17th. Barclays lowered shares of Brighthouse Financial from an “overweight” rating to an “equal weight” rating and set a $65.00 price target on the stock. in a research note on Thursday, January 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Brighthouse Financial in a research report on Monday, December 29th. Eight equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $60.86.

Brighthouse Financial Stock Performance

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

Institutional Trading of Brighthouse Financial

Several institutional investors have recently modified their holdings of the company. Millennium Management LLC lifted its stake in Brighthouse Financial by 156.2% during the first quarter. Millennium Management LLC now owns 262,890 shares of the company’s stock valued at $15,245,000 after purchasing an additional 160,272 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Brighthouse Financial by 835.2% in the first quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock valued at $48,000 after buying an additional 735 shares in the last quarter. United Services Automobile Association bought a new position in shares of Brighthouse Financial in the first quarter valued at $226,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Brighthouse Financial by 6.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 209,140 shares of the company’s stock valued at $12,128,000 after acquiring an additional 13,245 shares during the last quarter. Finally, Creative Planning lifted its position in shares of Brighthouse Financial by 66.3% during the 2nd quarter. Creative Planning now owns 21,493 shares of the company’s stock valued at $1,156,000 after acquiring an additional 8,568 shares during the last quarter. 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.