Brighthouse Financial’s (BHF) Hold Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their hold rating on shares of Brighthouse Financial (NASDAQ:BHF) in a research note published on Thursday, MarketBeat reports. The brokerage currently has a $67.00 target price on the stock.

A number of other brokerages have also recently weighed in on BHF. Zacks Research raised shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Brighthouse Financial in a report on Monday, December 29th. Finally, Barclays downgraded Brighthouse Financial from an “overweight” rating to an “equal weight” rating and set a $65.00 price target for the company. in a research report on Thursday, January 8th. Eight research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Brighthouse Financial has an average rating of “Reduce” and an average target price of $60.86.

Brighthouse Financial Stock Performance

Shares of BHF opened at $59.98 on Thursday. Brighthouse Financial has a 12-month low of $42.07 and a 12-month high of $66.33. The stock has a market cap of $3.43 billion, a P/E ratio of 10.34 and a beta of 0.96. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average of $62.14 and a two-hundred day moving average of $59.73.

Hedge Funds Weigh In On Brighthouse Financial

Institutional investors have recently modified their holdings of the company. Citigroup Inc. grew its stake in Brighthouse Financial by 360.5% in the 3rd quarter. Citigroup Inc. now owns 151,891 shares of the company’s stock worth $8,062,000 after acquiring an additional 118,909 shares during the period. Clear Harbor Asset Management LLC purchased a new position in shares of Brighthouse Financial during the 3rd quarter worth $919,000. Four Tree Island Advisory LLC lifted its stake in shares of Brighthouse Financial by 85.6% during the 3rd quarter. Four Tree Island Advisory LLC now owns 22,762 shares of the company’s stock worth $1,210,000 after purchasing an additional 10,500 shares during the period. American Century Companies Inc. boosted its holdings in shares of Brighthouse Financial by 10.4% during the third quarter. American Century Companies Inc. now owns 2,210,276 shares of the company’s stock worth $117,321,000 after purchasing an additional 208,630 shares during the last quarter. Finally, Gabelli Funds LLC acquired a new stake in shares of Brighthouse Financial during the third quarter worth $1,328,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

About Brighthouse Financial

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.