New Age Alpha Advisors LLC Buys New Shares in Brighthouse Financial, Inc. (NASDAQ:BHF)

New Age Alpha Advisors LLC purchased a new stake in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,952 shares of the company's stock, valued at approximately $430,000.

A number of other hedge funds also recently modified their holdings of BHF. Norges Bank bought a new position in Brighthouse Financial during the fourth quarter worth about $37,131,000. Caisse Des Depots ET Consignations bought a new position in Brighthouse Financial during the 4th quarter valued at about $4,321,000. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Brighthouse Financial by 0.5% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 72,872 shares of the company's stock valued at $3,501,000 after acquiring an additional 388 shares during the last quarter. LPL Financial LLC raised its position in Brighthouse Financial by 55.3% in the 4th quarter. LPL Financial LLC now owns 39,545 shares of the company's stock valued at $1,900,000 after purchasing an additional 14,084 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Brighthouse Financial during the 4th quarter worth about $620,000. Institutional investors own 81.24% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Piper Sandler raised their price target on shares of Brighthouse Financial from $52.00 to $60.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Barclays raised Brighthouse Financial from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $52.00 to $85.00 in a research note on Wednesday, January 29th. Wells Fargo & Company upgraded Brighthouse Financial from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $41.00 to $59.00 in a research report on Wednesday, February 19th. Jefferies Financial Group downgraded shares of Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 target price on the stock. in a research report on Monday, February 3rd. Finally, Morgan Stanley set a $52.00 target price on shares of Brighthouse Financial in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Brighthouse Financial currently has an average rating of "Hold" and a consensus price target of $63.80.

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Brighthouse Financial Trading Down 10.8 %

Brighthouse Financial stock traded down $5.93 during mid-day trading on Friday, hitting $49.06. 1,742,764 shares of the company's stock were exchanged, compared to its average volume of 510,269. The company's 50 day simple moving average is $58.04 and its 200-day simple moving average is $51.85. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $2.85 billion, a P/E ratio of 9.51 and a beta of 0.91. Brighthouse Financial, Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $64.12.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $5.88 EPS for the quarter, topping analysts' consensus estimates of $4.56 by $1.32. Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. On average, equities analysts anticipate that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

Insider Buying and Selling at Brighthouse Financial

In other news, EVP John Rosenthal sold 10,000 shares of the business's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $61.00, for a total value of $610,000.00. Following the sale, the executive vice president now directly owns 66,262 shares in the company, valued at $4,041,982. The trade was a 13.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.40% of the company's stock.

Brighthouse Financial Company Profile

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.