2 weeks Ago By ABMN Staff
Invesco Ltd. boosted its position in Brighthouse Financial, Inc. ( NASDAQ:BHF – Free Report ) by 49.
4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 286,726 shares of the company’s stock after buying an additional 94,801 shares during the quarter.
Invesco Ltd.’s holdings in Brighthouse Financial were worth $13,774,000 at the end of the most recent reporting period. Other institutional investors have also added to or reduced their stakes in the company.
Victory Capital Management Inc. grew its holdings in shares of Brighthouse Financial by 2,632.8% during the 4th quarter.
Victory Capital Management Inc. now owns 884,162 shares of the company’s stock valued at $42,475,000 after purchasing an additional 851,808 shares during the last quarter. Norges Bank acquired a new position in shares of Brighthouse Financial during the fourth quarter worth $37,131,000.
American Century Companies Inc. lifted its stake in shares of Brighthouse Financial by 12.1% in the 4th quarter.
American Century Companies Inc. now owns 1,682,076 shares of the company’s stock valued at $80,807,000 after acquiring an additional 181,980 shares during the last quarter. Caisse Des Depots ET Consignations acquired a new stake in shares of Brighthouse Financial during the 4th quarter valued at $4,321,000.
Finally, Ieq Capital LLC bought a new stake in Brighthouse Financial during the 4th quarter worth $1,748,000. 81.24% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes Several research firms have recently weighed in on BHF. Morgan Stanley reduced their price target on Brighthouse Financial from $52.00 to $41.
00 and set an “underweight” rating on the stock in a report on Thursday, April 10th. Jefferies Financial Group downgraded shares of Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 price target for the company.
in a research note on Monday, February 3rd. JPMorgan Chase & Co. lowered their target price on Brighthouse Financial from $59.
00 to $56.00 and set an “underweight” rating for the company in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods upped their price target on Brighthouse Financial from $60.
00 to $66.00 and gave the company a “market perform” rating in a research report on Tuesday, February 18th. Finally, UBS Group set a $72.
00 price objective on Brighthouse Financial in a research report on Tuesday, March 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Brighthouse Financial presently has an average rating of “Hold” and a consensus target price of $62.
00. Insider Buying and Selling at Brighthouse Financial In other Brighthouse Financial news, EVP John Rosenthal sold 10,000 shares of Brighthouse Financial stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $61.
00, for a total transaction of $610,000.00. Following the completion of the transaction, the executive vice president now owns 66,262 shares in the company, valued at approximately $4,041,982.
The trade was a 13.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website .
1.40% of the stock is currently owned by company insiders. Brighthouse Financial Trading Down 3.
7 % BHF opened at $48.79 on Tuesday. The company has a market cap of $2.
83 billion, a P/E ratio of 9.46 and a beta of 0.91.
The company has a fifty day moving average price of $55.58 and a two-hundred day moving average price of $52.29.
The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.
63. 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 announced its quarterly earnings results on Tuesday, February 11th.
The company reported $5.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.56 by $1.
32. Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.
21%. Analysts predict that Brighthouse Financial, Inc. will post 20.
32 EPS for the current fiscal year. Brighthouse Financial Company 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. Featured Stories Want to see what other hedge funds are holding BHF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brighthouse Financial, Inc.
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