Brighthouse Financial (NASDAQ:BHF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors 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. “
BHF has been the topic of a number of other reports. BidaskClub downgraded Brighthouse Financial from a “hold” rating to a “sell” rating in a research note on Friday, February 9th. Deutsche Bank initiated coverage on Brighthouse Financial in a research note on Tuesday, January 2nd. They issued a “buy” rating and a $70.00 price objective on the stock. Citigroup reaffirmed a “sell” rating on shares of Brighthouse Financial in a research report on Thursday, February 22nd. UBS initiated coverage on Brighthouse Financial in a research report on Friday, March 2nd. They issued a “neutral” rating and a $58.00 target price for the company. Finally, JPMorgan Chase & Co. lowered Brighthouse Financial from a “neutral” rating to an “underweight” rating and set a $61.00 target price for the company. in a research report on Tuesday, January 2nd. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. Brighthouse Financial currently has a consensus rating of “Hold” and an average target price of $65.88.
Brighthouse Financial (NASDAQ BHF) opened at $53.83 on Tuesday. The company has a current ratio of 0.45, a quick ratio of 0.47 and a debt-to-equity ratio of 0.25. Brighthouse Financial has a 52 week low of $50.76 and a 52 week high of $75.00.
Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings data on Monday, February 12th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.73). The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $2.01 billion. The business’s quarterly revenue was up 240.0% compared to the same quarter last year. research analysts anticipate that Brighthouse Financial will post 9.3 EPS for the current year.
A hedge fund recently bought a new stake in Brighthouse Financial stock. Elkfork Partners LLC bought a new stake in Brighthouse Financial Inc (NASDAQ:BHF) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,296 shares of the company’s stock, valued at approximately $310,000. 84.52% of the stock is currently owned by institutional investors.
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About Brighthouse Financial
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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