Keefe, Bruyette & Woods Reiterates “Hold” Rating for Brighthouse Financial (NASDAQ:BHF)

Brighthouse Financial (NASDAQ:BHF)‘s stock had its “hold” rating reiterated by Keefe, Bruyette & Woods in a research report issued on Thursday, MarketBeat Ratings reports. They presently have a $67.00 price target on the stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 11.70% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Barclays downgraded Brighthouse Financial from an “overweight” rating to an “equal weight” rating and set a $65.00 target price on the stock. in a research report on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brighthouse Financial in a research report on Monday, December 29th. Finally, Zacks Research upgraded Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 17th. Eight analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Brighthouse Financial presently has an average rating of “Reduce” and an average target price of $60.86.

Brighthouse Financial Trading Down 0.8%

NASDAQ BHF opened at $59.98 on Thursday. The company has a fifty day simple moving average of $62.14 and a two-hundred day simple moving average of $59.66. The stock has a market cap of $3.43 billion, a P/E ratio of 10.34 and a beta of 0.96. Brighthouse Financial has a 12-month low of $42.07 and a 12-month high of $66.33. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.46.

Institutional Trading of Brighthouse Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in BHF. Dimensional Fund Advisors LP lifted its position in Brighthouse Financial by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,495,032 shares of the company’s stock valued at $226,442,000 after purchasing an additional 45,109 shares during the period. UBS Group AG grew its position in Brighthouse Financial by 98.1% during the 3rd quarter. UBS Group AG now owns 3,413,278 shares of the company’s stock worth $181,177,000 after purchasing an additional 1,690,064 shares during the period. American Century Companies Inc. raised its stake in shares of Brighthouse Financial by 10.4% during the 3rd quarter. American Century Companies Inc. now owns 2,210,276 shares of the company’s stock valued at $117,321,000 after buying an additional 208,630 shares during the last quarter. HBK Investments L P purchased a new position in shares of Brighthouse Financial during the 4th quarter valued at about $136,059,000. Finally, Glazer Capital LLC acquired a new position in shares of Brighthouse Financial in the 4th quarter valued at about $113,252,000. 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.