1 week Ago By Defense World Staff
Geode Capital Management LLC reduced its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF – Free Report) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 1,049,221 shares of the company’s stock after selling 42,241 shares during the quarter. Geode Capital Management LLC owned about 1.77% of Brighthouse Financial worth $50,419,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. bought a new position in Brighthouse Financial in the 4th quarter valued at $258,000.
Alliancebernstein L.P. boosted its holdings in Brighthouse Financial by 41.
5% in the fourth quarter. Alliancebernstein L.P.
now owns 114,984 shares of the company’s stock valued at $5,524,000 after acquiring an additional 33,716 shares during the last quarter. Wellington Management Group LLP acquired a new stake in Brighthouse Financial in the fourth quarter worth about $1,694,000. New Age Alpha Advisors LLC bought a new stake in Brighthouse Financial during the 4th quarter worth about $430,000.
Finally, Norges Bank acquired a new position in Brighthouse Financial during the 4th quarter valued at about $37,131,000. Institutional investors own 81.24% of the company’s stock.
Brighthouse Financial Price PerformanceShares of BHF opened at $47.82 on Monday. The stock has a 50 day simple moving average of $56.
66 and a 200 day simple moving average of $52.06. Brighthouse Financial, Inc.
has a 52-week low of $40.00 and a 52-week high of $64.12.
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 firm has a market capitalization of $2.78 billion, a PE ratio of 9.
27 and a beta of 0.91. Brighthouse Financial (NASDAQ:BHF – Get Free Report) last released its quarterly earnings results on Tuesday, February 11th.
The company reported $5.88 earnings per share for the quarter, beating the consensus estimate of $4.56 by $1.
32. Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.
94%. Sell-side analysts predict that Brighthouse Financial, Inc. will post 20.
32 EPS for the current fiscal year. Analyst Ratings ChangesSeveral brokerages have recently commented on BHF. Keefe, Bruyette & Woods lifted their price target on shares of Brighthouse Financial from $60.
00 to $66.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 18th. Piper Sandler upped their target price on shares of Brighthouse Financial from $52.
00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. 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 research report on Thursday. UBS Group set a $72.
00 price objective on Brighthouse Financial in a report on Tuesday, March 18th. Finally, Wells Fargo & Company reduced their target price on Brighthouse Financial from $59.00 to $52.
00 and set an “equal weight” rating on the stock in a report on Thursday. Two 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 given a strong buy rating to the stock. Based on data from MarketBeat.
com, Brighthouse Financial has a consensus rating of “Hold” and an average price target of $62.00.Check Out Our Latest Report on BHFInsiders Place Their BetsIn other Brighthouse Financial news, EVP John Rosenthal sold 10,000 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $4,041,982. This represents a 13.11 % decrease in their position.
The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.40% of the company’s stock.
Brighthouse 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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