Brighthouse Financial, Inc. (NASDAQ:BHF) Given Average Recommendation of “Reduce” by Brokerages

Shares of Brighthouse Financial, Inc. (NASDAQ:BHF) have been assigned an average recommendation of “Reduce” from the ten analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $61.2857.

A number of brokerages have recently issued reports on BHF. Barclays cut Brighthouse Financial from an “overweight” rating to an “equal weight” rating and set a $65.00 price objective on the stock. in a research note on Thursday, January 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Brighthouse Financial in a research note on Monday, December 29th. Finally, Zacks Research upgraded Brighthouse Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 17th.

Brighthouse Financial Price Performance

BHF stock opened at $59.35 on Monday. The firm has a market cap of $3.39 billion, a P/E ratio of 10.23 and a beta of 0.96. The firm’s fifty day moving average is $62.52 and its 200 day moving average is $59.30. Brighthouse Financial has a 52 week low of $42.07 and a 52 week high of $66.33. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.95 and a current ratio of 0.95.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV increased its stake in shares of Brighthouse Financial by 0.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 27,346 shares of the company’s stock worth $1,772,000 after buying an additional 183 shares during the period. Waterfront Wealth Inc. boosted its position in Brighthouse Financial by 0.6% during the 4th quarter. Waterfront Wealth Inc. now owns 35,055 shares of the company’s stock valued at $2,255,000 after buying an additional 192 shares during the period. Four Tree Island Advisory LLC grew its holdings in Brighthouse Financial by 1.8% in the 2nd quarter. Four Tree Island Advisory LLC now owns 12,262 shares of the company’s stock worth $659,000 after acquiring an additional 214 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Brighthouse Financial by 66.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock worth $31,000 after acquiring an additional 226 shares during the last quarter. Finally, J.W. Cole Advisors Inc. increased 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 valued at $2,090,000 after acquiring an additional 273 shares during the period. Institutional investors 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.