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Keefe Bruyette gives a Mkt perform recommendation for Brighthouse Financial Inc (BHF)

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In a filing, Brighthouse Financial Inc revealed its President and CEO Steigerwalt Eric T unloaded Company’s shares for reported $1.11 million on Jun 03 ’24. In the deal valued at $44.38 per share,25,000 shares were sold. As a result of this transaction, Steigerwalt Eric T now holds 346,072 shares worth roughly $14.91 million.

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Then, Lambert Myles sold 8,400 shares, generating $372,120 in total proceeds. Upon selling the shares at $44.30, the EVP,Chief Mktg.& Dist. Officer now owns 50,207 shares.

Before that, Rosenthal John sold 5,000 shares. Brighthouse Financial Inc shares valued at $225,600 were divested by the EVP & Chief Investment Officer at a price of $45.12 per share. As a result of the transaction, Rosenthal John now holds 101,262 shares, worth roughly $4.36 million.

Keefe Bruyette upgraded its Brighthouse Financial Inc [BHF] rating to a Mkt perform from a an Underperform in a research note published on June 17, 2024; the price target was decreased to $47 from $48. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late February from “an Equal-weight” to “an Underweight”. Keefe Bruyette also remained covering BHF and has decreased its forecast on December 15, 2023 with a “an Underperform” recommendation from previously “Mkt perform” rating. Goldman revised its rating on September 21, 2023. It rated BHF as “a Sell” which previously was an “a Neutral”.

Price Performance Review of BHF

On Friday, Brighthouse Financial Inc [NASDAQ:BHF] saw its stock jump 0.02% to $43.07. Over the last five days, the stock has gained 4.41%. Brighthouse Financial Inc shares have fallen nearly -18.61% since the year began. Nevertheless, the stocks have fallen -4.18% over the past one year. While a 52-week high of $56.24 was reached on 02/12/24, a 52-week low of $40.24 was recorded on 06/14/24. SMA at 50 days reached $45.66, while 200 days put it at $48.70. A total of 1.05 million shares were traded, compared to the trading of 0.36 million shares in the previous session.

Levels Of Support And Resistance For BHF Stock

The 24-hour chart illustrates a support level at 42.75, which if violated will result in even more drops to 42.43. On the upside, there is a resistance level at 43.34. A further resistance level may holdings at 43.61. The Relative Strength Index (RSI) on the 14-day chart is 46.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.01%. Stochastics %K at 51.09% indicates the stock is a holding.

The most recent change occurred on February 08, 2023 when Raymond James began covering the stock and recommended ‘”a Mkt perform”‘ rating.

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