2 weeks Ago By Defense World Staff
Bank of Montreal Can increased its stake in Brighthouse Financial, Inc. (NASDAQ:BHF – Free Report) by 16.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission.
The firm owned 9,047 shares of the company’s stock after purchasing an additional 1,278 shares during the quarter. Bank of Montreal Can’s holdings in Brighthouse Financial were worth $435,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company.
Institute for Wealth Management LLC. bought a new stake in Brighthouse Financial during the fourth quarter valued at $287,000. Bank of New York Mellon Corp increased its holdings in shares of Brighthouse Financial by 1.
8% in the fourth quarter. Bank of New York Mellon Corp now owns 525,388 shares of the company’s stock worth $25,240,000 after buying an additional 9,500 shares during the period. Raymond James Financial Inc.
purchased a new position in shares of Brighthouse Financial in the fourth quarter worth $384,000. SG Americas Securities LLC bought a new stake in shares of Brighthouse Financial in the fourth quarter worth about $312,000. Finally, Range Financial Group LLC purchased a new stake in Brighthouse Financial in the fourth quarter worth $826,000.
Institutional investors own 81.24% of the company’s stock. Insider Transactions at Brighthouse FinancialIn related news, EVP John Rosenthal sold 10,000 shares of the firm’s stock in a transaction on Friday, January 31st.
The shares were sold at an average price of $61.00, for a total transaction of $610,000.00.
Following the sale, the executive vice president now owns 66,262 shares in the company, valued at approximately $4,041,982. This trade represents a 13.11 % decrease in their ownership of the stock.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.
Brighthouse Financial Stock Up 6.2 %NASDAQ:BHF opened at $51.82 on Wednesday.
The firm has a market cap of $3.01 billion, a PE ratio of 10.04 and a beta of 0.
91. The company has a 50-day moving average of $55.44 and a 200 day moving average of $52.
29. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.
93 and a quick ratio of 0.92. Brighthouse Financial, Inc.
has a 1-year low of $40.00 and a 1-year high of $64.12.
Brighthouse Financial (NASDAQ:BHF – Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $5.88 EPS for the quarter, beating analysts’ consensus estimates of $4.
56 by $1.32. Brighthouse Financial had a net margin of 8.
21% and a return on equity of 26.94%. As a group, research analysts anticipate that Brighthouse Financial, Inc.
will post 20.32 EPS for the current fiscal year. Wall Street Analyst Weigh InA number of brokerages have recently commented on BHF.
UBS Group set a $72.00 target price on shares of Brighthouse Financial in a report on Tuesday, March 18th. Piper Sandler lifted their price target on shares of Brighthouse Financial from $52.
00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Barclays upgraded Brighthouse Financial from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $52.
00 to $85.00 in a research report on Wednesday, January 29th. Morgan Stanley reduced their price target on shares of Brighthouse Financial from $52.
00 to $41.00 and set an “underweight” rating on the stock in a research report on Thursday, April 10th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Brighthouse Financial from $60.
00 to $66.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company.
According to data from MarketBeat.com, Brighthouse Financial presently has a consensus rating of “Hold” and a consensus target price of $62.00.
Read Our Latest Stock Analysis on Brighthouse FinancialBrighthouse Financial Profile (Free Report)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 consists of 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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