Brandywine Global Investment Management LLC Has $7.81 Million Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

Brandywine Global Investment Management LLC lowered its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 4.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,641 shares of the company's stock after selling 7,407 shares during the period. Brandywine Global Investment Management LLC owned about 0.27% of Brighthouse Financial worth $7,813,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BHF. New Age Alpha Advisors LLC acquired a new position in shares of Brighthouse Financial in the 4th quarter worth $430,000. Norges Bank acquired a new position in shares of Brighthouse Financial in the 4th quarter valued at $37,131,000. Caisse Des Depots ET Consignations purchased a new position in Brighthouse Financial in the 4th quarter worth about $4,321,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Brighthouse Financial by 0.5% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 72,872 shares of the company's stock worth $3,501,000 after buying an additional 388 shares during the period. Finally, LPL Financial LLC raised its holdings in Brighthouse Financial by 55.3% during the 4th quarter. LPL Financial LLC now owns 39,545 shares of the company's stock worth $1,900,000 after buying an additional 14,084 shares during the period. 81.24% of the stock is currently owned by institutional investors.

Brighthouse Financial Stock Down 10.8 %

Shares of BHF traded down $5.93 during midday trading on Friday, reaching $49.06. 1,742,764 shares of the stock were exchanged, compared to its average volume of 510,269. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 9.51 and a beta of 0.91. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.63. Brighthouse Financial, Inc. has a 12-month low of $40.00 and a 12-month high of $64.12. The firm has a 50 day simple moving average of $58.04 and a 200-day simple moving average of $51.79.

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Brighthouse Financial (NASDAQ:BHF - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share (EPS) for the quarter, beating 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%. Research analysts forecast that Brighthouse Financial, Inc. will post 20.32 EPS for the current year.

Insider Buying and Selling

In related news, EVP John Rosenthal sold 10,000 shares of the business'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 value 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 approximately $4,041,982. The trade was a 13.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BHF shares. Keefe, Bruyette & Woods lifted their target price 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. Jefferies Financial Group cut shares of Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 price objective on the stock. in a research report on Monday, February 3rd. Wells Fargo & Company upgraded Brighthouse Financial from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $41.00 to $59.00 in a report on Wednesday, February 19th. JPMorgan Chase & Co. decreased their target price on Brighthouse Financial from $59.00 to $56.00 and set an "underweight" rating for the company in a research report on Tuesday, January 7th. Finally, Raymond James raised Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 price target on the stock in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price 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.