1 week Ago By ABMN Staff
Prudential Financial Inc. decreased its stake in shares of Brighthouse Financial, Inc. ( NASDAQ:BHF – Free Report ) by 77.
0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,239 shares of the company’s stock after selling 17,495 shares during the period. Prudential Financial Inc.
’s holdings in Brighthouse Financial were worth $252,000 at the end of the most recent quarter. A number of other institutional investors also recently modified their holdings of BHF. State Street Corp grew its holdings in shares of Brighthouse Financial by 2.
2% during the third quarter. State Street Corp now owns 2,314,905 shares of the company’s stock worth $104,240,000 after buying an additional 50,441 shares in the last quarter. Institute for Wealth Management LLC.
bought a new position in shares of Brighthouse Financial during the 4th quarter worth approximately $287,000. Bank of New York Mellon Corp raised 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 valued at $25,240,000 after purchasing an additional 9,500 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Brighthouse Financial in the fourth quarter worth $312,000. Finally, Range Financial Group LLC bought a new stake in shares of Brighthouse Financial in the fourth quarter worth $826,000.
81.24% of the stock is currently owned by institutional investors. Analysts Set New Price Targets BHF has been the topic of several recent research reports.
Jefferies Financial Group lowered shares of Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 price target on the stock. in a research note on Monday, February 3rd.
Raymond James upgraded Brighthouse Financial from a “market perform” rating to a “strong-buy” rating and set a $72.00 price objective for the company in a report on Tuesday, March 18th. Wells Fargo & Company dropped 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. Keefe, Bruyette & Woods increased 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 target on Brighthouse Financial in a research report on Tuesday, March 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.
com, Brighthouse Financial presently has an average rating of “Hold” and a consensus target price of $62.00. Brighthouse Financial Trading Down 12.
2 % Brighthouse Financial stock opened at $47.29 on Friday. The stock has a 50-day simple moving average of $56.
90 and a 200 day simple moving average of $51.98. The stock has a market capitalization of $2.
75 billion, a P/E ratio of 9.16 and a beta of 0.91.
The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.92 and a current ratio of 0.
93. 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 issued its earnings results on Tuesday, February 11th.
The company reported $5.88 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 expect that Brighthouse Financial, Inc. will post 20.
32 earnings per share for the current year. Insiders Place Their Bets In other Brighthouse Financial news, EVP John Rosenthal sold 10,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 66,262 shares in the company, valued at $4,041,982.
This trade represents a 13.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink .
Company 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. Recommended 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. ( NASDAQ:BHF – Free Report ). Receive News & Ratings for Brighthouse Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brighthouse Financial and related companies with MarketBeat.
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