American Century Companies Inc. Acquires 181,980 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

American Century Companies Inc. boosted its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 12.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,682,076 shares of the company's stock after purchasing an additional 181,980 shares during the period. American Century Companies Inc. owned about 2.83% of Brighthouse Financial worth $80,807,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Xponance Inc. boosted its stake in shares of Brighthouse Financial by 2.7% during the 4th quarter. Xponance Inc. now owns 6,860 shares of the company's stock valued at $330,000 after buying an additional 181 shares during the period. Amalgamated Bank raised its holdings in shares of Brighthouse Financial by 0.8% during the 4th quarter. Amalgamated Bank now owns 28,345 shares of the company's stock valued at $1,362,000 after purchasing an additional 227 shares in the last quarter. Lecap Asset Management Ltd. lifted its stake in shares of Brighthouse Financial by 9.1% in the 4th quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company's stock valued at $251,000 after purchasing an additional 436 shares during the last quarter. KBC Group NV boosted its holdings in Brighthouse Financial by 33.1% in the fourth quarter. KBC Group NV now owns 2,664 shares of the company's stock worth $128,000 after purchasing an additional 663 shares in the last quarter. Finally, Corient Private Wealth LLC increased its position in Brighthouse Financial by 6.6% during the fourth quarter. Corient Private Wealth LLC now owns 11,895 shares of the company's stock worth $571,000 after buying an additional 738 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company's stock.

Remove Ads

Insider Transactions at Brighthouse Financial

In related news, EVP John Rosenthal sold 10,000 shares of the company's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $61.00, for a total value of $610,000.00. Following the sale, the executive vice president now owns 66,262 shares of the company's stock, valued at $4,041,982. The trade was a 13.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.40% of the stock is owned by insiders.

Brighthouse Financial Stock Performance

Shares of BHF traded down $1.42 during trading hours on Friday, reaching $57.55. 390,854 shares of the company traded hands, compared to its average volume of 491,349. Brighthouse Financial, Inc. has a 1-year low of $40.00 and a 1-year high of $64.12. The stock has a market cap of $3.34 billion, a P/E ratio of 11.15 and a beta of 1.11. The stock's fifty day moving average is $57.51 and its 200 day moving average is $51.25. 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 (NASDAQ:BHF - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $5.88 EPS for the quarter, beating 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%. Equities research analysts anticipate that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wells Fargo & Company raised Brighthouse Financial from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $41.00 to $59.00 in a report on Wednesday, February 19th. UBS Group set a $72.00 price target on Brighthouse Financial in a report on Tuesday, March 18th. Piper Sandler boosted their price objective on shares of Brighthouse Financial from $52.00 to $60.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Keefe, Bruyette & Woods raised their target price on shares of Brighthouse Financial from $60.00 to $66.00 and gave the company a "market perform" rating in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. cut their target price on shares of Brighthouse Financial from $59.00 to $56.00 and set an "underweight" rating for the company in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Brighthouse Financial currently has an average rating of "Hold" and a consensus price target of $63.80.

About Brighthouse Financial

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.