Brighthouse Financial (NASDAQ:BHF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued 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 brokerages have also recently commented on BHF. FBR & Co reiterated a “market perform” rating and issued a $72.00 price objective on shares of Brighthouse Financial in a research note on Monday, August 7th. Citigroup assumed coverage on shares of Brighthouse Financial in a report on Monday, August 7th. They set a “sell” rating for the company. Royal Bank Of Canada assumed coverage on shares of Brighthouse Financial in a report on Monday, August 7th. They set a “sector perform” rating and a $77.00 target price for the company. Keefe, Bruyette & Woods assumed coverage on shares of Brighthouse Financial in a report on Monday, August 7th. They set a “market perform” rating and a $65.00 target price for the company. Finally, Wells Fargo & Company assumed coverage on shares of Brighthouse Financial in a report on Monday, August 7th. They set a “market perform” rating and a $71.00 target price for the company. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $67.46.

Shares of Brighthouse Financial (BHF) traded up $0.05 during midday trading on Tuesday, hitting $58.49. 1,084,200 shares of the company traded hands, compared to its average volume of 1,129,881. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.26. Brighthouse Financial has a 12-month low of $52.75 and a 12-month high of $75.00.

In other news, Director C Edward Chaplin purchased 2,000 shares of the stock in a transaction dated Wednesday, September 13th. The stock was acquired at an average cost of $55.03 per share, for a total transaction of $110,060.00. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $110,060. The purchase was disclosed in a filing with the SEC, which is available through 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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Analyst Recommendations for Brighthouse Financial (NASDAQ:BHF)

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