Several other brokerages have also commented on BHF. Wells Fargo & Co reissued a hold rating on shares of Brighthouse Financial in a report on Tuesday, January 8th. Sandler O’Neill raised shares of Brighthouse Financial from a hold rating to a buy rating in a research note on Wednesday, January 2nd. Deutsche Bank cut shares of Brighthouse Financial from a buy rating to a hold rating in a research note on Thursday, February 28th. Zacks Investment Research cut shares of Brighthouse Financial from a hold rating to a sell rating in a research report on Monday, January 21st. Finally, Credit Suisse Group reissued a neutral rating on shares of Brighthouse Financial in a research report on Monday, December 31st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $47.64.
BHF stock traded down $0.88 during trading on Monday, reaching $40.25. The company had a trading volume of 1,365,575 shares, compared to its average volume of 1,812,473. The stock has a market capitalization of $4.80 billion, a PE ratio of 5.41, a price-to-earnings-growth ratio of 0.40 and a beta of 2.11. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.27. Brighthouse Financial has a twelve month low of $28.52 and a twelve month high of $52.77.
Hedge funds have recently added to or reduced their stakes in the stock. CSat Investment Advisory L.P. increased its stake in shares of Brighthouse Financial by 91.5% during the fourth quarter. CSat Investment Advisory L.P. now owns 2,064 shares of the company’s stock worth $63,000 after buying an additional 986 shares during the period. Hsbc Holdings PLC acquired a new position in Brighthouse Financial in the third quarter valued at approximately $3,536,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Brighthouse Financial by 321.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,236 shares of the company’s stock valued at $1,897,000 after purchasing an additional 47,476 shares in the last quarter. Supplemental Annuity Collective Trust of NJ boosted its holdings in Brighthouse Financial by 7.7% in the fourth quarter. Supplemental Annuity Collective Trust of NJ now owns 14,000 shares of the company’s stock valued at $427,000 after purchasing an additional 1,000 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Brighthouse Financial by 34.1% in the third quarter. The Manufacturers Life Insurance Company now owns 121,853 shares of the company’s stock valued at $5,390,000 after purchasing an additional 31,006 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.
About Brighthouse Financial
Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment offers variable, fixed, index-linked, and income annuities for contract holders' needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security.
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