2 weeks Ago By ABMN Staff
Sei Investments Co. raised its holdings in Brighthouse Financial, Inc. ( NASDAQ:BHF – Free Report ) by 0.
6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 126,542 shares of the company’s stock after purchasing an additional 787 shares during the quarter. Sei Investments Co.
’s holdings in Brighthouse Financial were worth $6,079,000 as of its most recent SEC filing. Other hedge funds and other institutional investors also recently modified their holdings of the company. KBC Group NV lifted its position in shares of Brighthouse Financial by 33.
1% during the 4th quarter. KBC Group NV now owns 2,664 shares of the company’s stock worth $128,000 after buying an additional 663 shares during the last quarter. Lecap Asset Management Ltd.
lifted its holdings in shares of Brighthouse Financial by 9.1% in the fourth quarter. Lecap Asset Management Ltd.
now owns 5,234 shares of the company’s stock worth $251,000 after acquiring an additional 436 shares during the last quarter. Institute for Wealth Management LLC. acquired a new stake in shares of Brighthouse Financial in the 4th quarter valued at approximately $287,000.
SG Americas Securities LLC bought a new stake in shares of Brighthouse Financial during the 4th quarter valued at approximately $312,000. Finally, Xponance Inc. increased its position in Brighthouse Financial by 2.
7% during the 4th quarter. Xponance Inc. now owns 6,860 shares of the company’s stock worth $330,000 after purchasing an additional 181 shares in the last quarter.
Institutional investors own 81.24% of the company’s stock. Analysts Set New Price Targets A number of analysts have weighed in on the stock.
Wells Fargo & Company raised shares of Brighthouse Financial from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $41.00 to $59.00 in a research note on Wednesday, February 19th.
Barclays upgraded Brighthouse Financial from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $52.00 to $85.00 in a research report on Wednesday, January 29th.
Raymond James upgraded Brighthouse Financial from a “market perform” rating to a “strong-buy” rating and set a $72.00 target price for the company in a research report on Tuesday, March 18th. JPMorgan Chase & Co.
reduced their price target on Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating on the stock in a report on Tuesday, January 7th.
Finally, Jefferies Financial Group lowered shares of Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 price objective for the company. in a report on Monday, February 3rd.
One investment analyst has rated the stock with a sell rating, five have given 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.com, the stock has an average rating of “Hold” and an average target price of $63.
80. Insider Transactions at Brighthouse Financial In other 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 owns 66,262 shares of the company’s stock, valued at $4,041,982.
This trade represents a 13.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link .
Corporate insiders own 1.40% of the company’s stock. Brighthouse Financial Stock Up 0.
3 % Brighthouse Financial stock opened at $58.17 on Wednesday. The firm has a market cap of $3.
38 billion, a price-to-earnings ratio of 11.27 and a beta of 1.11.
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 50 day moving average price of $57.
79 and a two-hundred day moving average price of $51.61. Brighthouse Financial ( NASDAQ:BHF – Get Free Report ) last announced its earnings results on Tuesday, February 11th.
The company reported $5.88 earnings per share for the quarter, topping 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%. Equities analysts predict that Brighthouse Financial, Inc. will post 20.
32 EPS for the current 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 Articles 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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