Shares of Brighthouse Financial Inc (NASDAQ:BHF) traded down 6.2% during trading on Tuesday . The stock traded as low as $37.83 and last traded at $38.10, 1,922,471 shares traded hands during trading. An increase of 37% from the average session volume of 1,405,876 shares. The stock had previously closed at $40.60.
Several equities research analysts recently issued reports on BHF shares. ValuEngine raised Brighthouse Financial from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub upgraded shares of Brighthouse Financial from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Citigroup lowered their target price on shares of Brighthouse Financial from $36.00 to $33.00 and set a “sell” rating for the company in a research note on Friday, September 13th. Wells Fargo & Co reissued a “hold” rating and set a $41.00 target price on shares of Brighthouse Financial in a report on Tuesday, November 5th. Finally, Morgan Stanley reduced their price target on shares of Brighthouse Financial from $43.00 to $41.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 20th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $37.11.
The firm has a market cap of $4.15 billion, a P/E ratio of 5.17, a P/E/G ratio of 0.41 and a beta of 2.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a fifty day moving average of $39.55 and a 200-day moving average of $37.82.
Hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC grew its position in Brighthouse Financial by 29.6% in the 3rd quarter. Millennium Management LLC now owns 12,697 shares of the company’s stock valued at $513,000 after buying an additional 2,897 shares in the last quarter. Squarepoint Ops LLC raised its holdings in Brighthouse Financial by 104.2% during the third quarter. Squarepoint Ops LLC now owns 149,727 shares of the company’s stock worth $6,059,000 after purchasing an additional 76,393 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in Brighthouse Financial in the third quarter worth approximately $2,059,000. Barclays PLC lifted its position in Brighthouse Financial by 81.0% in the third quarter. Barclays PLC now owns 148,602 shares of the company’s stock worth $6,013,000 after purchasing an additional 66,496 shares during the period. Finally, Pictet Asset Management Ltd. boosted its stake in Brighthouse Financial by 15.7% during the 3rd quarter. Pictet Asset Management Ltd. now owns 41,936 shares of the company’s stock valued at $1,697,000 after purchasing an additional 5,700 shares in the last quarter. 85.97% of the stock is currently owned by institutional investors and hedge funds.
Brighthouse Financial Company Profile (NASDAQ:BHF)
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.
Further Reading: Margin
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