1 week Ago By Defense World Staff
Alliancebernstein L.P. lifted its position in Brighthouse Financial, Inc.
( NASDAQ:BHF – Free Report ) by 41.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,984 shares of the company’s stock after purchasing an additional 33,716 shares during the quarter.
Alliancebernstein L.P. owned 0.
19% of Brighthouse Financial worth $5,524,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc.
grew its position in Brighthouse Financial by 2,632.8% in the fourth quarter. Victory Capital Management Inc.
now owns 884,162 shares of the company’s stock valued at $42,475,000 after acquiring an additional 851,808 shares during the period. Norges Bank bought a new position in Brighthouse Financial during the 4th quarter valued at about $37,131,000. American Century Companies Inc.
boosted its position in Brighthouse Financial by 12.1% in the fourth quarter. American Century Companies Inc.
now owns 1,682,076 shares of the company’s stock valued at $80,807,000 after buying an additional 181,980 shares in the last quarter. Caisse Des Depots ET Consignations bought a new position in shares of Brighthouse Financial in the fourth quarter valued at approximately $4,321,000. Finally, State Street Corp boosted its holdings in shares of Brighthouse Financial by 2.
2% in the 3rd quarter. State Street Corp now owns 2,314,905 shares of the company’s stock worth $104,240,000 after acquiring an additional 50,441 shares in the last quarter. 81.
24% of the stock is owned by institutional investors. Analysts Set New Price Targets A number of equities research analysts recently weighed in on the company. Barclays raised Brighthouse Financial from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $52.
00 to $85.00 in a report on Wednesday, January 29th. JPMorgan Chase & Co.
decreased their price target on shares of Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 7th.
UBS Group set a $72.00 price objective on Brighthouse Financial in a report on Tuesday, March 18th. Piper Sandler upped their price target on Brighthouse Financial from $52.
00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Finally, Wells Fargo & Company lowered their price objective on Brighthouse Financial from $59.
00 to $52.00 and set an “equal weight” rating for the company in a research report on Thursday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock.
According to MarketBeat.com, Brighthouse Financial has an average rating of “Hold” and an average price target of $62.00.
Brighthouse Financial Stock Up 1.1 % Shares of NASDAQ:BHF opened at $47.82 on Friday.
The company has a 50 day moving average price of $56.66 and a two-hundred day moving average price of $52.01.
The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.92 and a current ratio of 0.
93. The company has a market capitalization of $2.78 billion, a PE ratio of 9.
27 and a beta of 0.91. Brighthouse Financial, Inc.
has a 52 week low of $40.00 and a 52 week 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 earnings per share 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 forecast that Brighthouse Financial, Inc.
will post 20.32 earnings per share for the current year. Insider Buying and Selling In other news, EVP John Rosenthal sold 10,000 shares of the company’s 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 directly owns 66,262 shares of the company’s stock, valued at $4,041,982. This represents a 13.11 % decrease in their ownership of the stock.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . 1.40% of the stock is owned by company insiders.
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.
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