Brighthouse Financial (NASDAQ:BHF) Stock Rating Lowered by Zacks Research

Brighthouse Financial (NASDAQ:BHF) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday,Zacks.com reports.

Several other research analysts have also weighed in on the company. Keefe, Bruyette & Woods reissued a “hold” rating and set a $67.00 price target on shares of Brighthouse Financial in a research report on Thursday, March 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Brighthouse Financial in a report on Monday, December 29th. Barclays lowered shares of 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. Finally, Argus upgraded shares of Brighthouse Financial to a “hold” rating in a research note on Thursday, March 26th. Eight analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $60.86.

Brighthouse Financial Trading Down 0.1%

Brighthouse Financial stock opened at $59.88 on Monday. The company has a 50 day moving average price of $61.97 and a 200 day moving average price of $59.97. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.95 and a current ratio of 0.95. Brighthouse Financial has a 52 week low of $42.07 and a 52 week high of $66.33. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 10.32 and a beta of 0.96.

Institutional Trading of Brighthouse Financial

Several large investors have recently added to or reduced their stakes in BHF. Mercer Global Advisors Inc. ADV increased its stake in shares of Brighthouse Financial by 0.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 27,346 shares of the company’s stock worth $1,772,000 after purchasing an additional 183 shares during the last quarter. Waterfront Wealth Inc. increased its position in Brighthouse Financial by 0.6% during the fourth quarter. Waterfront Wealth Inc. now owns 35,055 shares of the company’s stock worth $2,255,000 after buying an additional 192 shares during the last quarter. Four Tree Island Advisory LLC raised its holdings in Brighthouse Financial by 1.8% during the second quarter. Four Tree Island Advisory LLC now owns 12,262 shares of the company’s stock valued at $659,000 after buying an additional 214 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Brighthouse Financial by 66.5% during the second quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock valued at $31,000 after buying an additional 226 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its position in shares of Brighthouse Financial by 0.9% in the fourth quarter. J.W. Cole Advisors Inc. now owns 32,275 shares of the company’s stock worth $2,090,000 after buying an additional 273 shares during the last quarter. 81.24% of the stock is owned by institutional investors.

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.