Bridgewater Associates LP Has $3.16 Million Stock Holdings in Brighthouse Financial, Inc. (NASDAQ:BHF)

Bridgewater Associates LP grew its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 55.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 70,167 shares of the company's stock after purchasing an additional 24,914 shares during the quarter. Bridgewater Associates LP owned about 0.12% of Brighthouse Financial worth $3,160,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in BHF. Venturi Wealth Management LLC lifted its holdings in Brighthouse Financial by 989.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 621 shares of the company's stock worth $28,000 after buying an additional 564 shares in the last quarter. UMB Bank n.a. lifted its position in Brighthouse Financial by 974.1% during the 3rd quarter. UMB Bank n.a. now owns 623 shares of the company's stock valued at $28,000 after purchasing an additional 565 shares during the period. CWM LLC boosted its stake in shares of Brighthouse Financial by 29.4% in the 3rd quarter. CWM LLC now owns 1,491 shares of the company's stock valued at $67,000 after purchasing an additional 339 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Brighthouse Financial by 97.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,729 shares of the company's stock worth $78,000 after buying an additional 855 shares during the period. Finally, KBC Group NV raised its stake in shares of Brighthouse Financial by 30.2% during the third quarter. KBC Group NV now owns 2,001 shares of the company's stock worth $90,000 after buying an additional 464 shares during the last quarter. Institutional investors own 81.24% of the company's stock.

Analyst Ratings Changes

BHF has been the subject of a number of analyst reports. Evercore ISI lowered their target price on shares of Brighthouse Financial from $56.00 to $52.00 and set an "in-line" rating for the company in a report on Thursday, August 8th. Barclays assumed coverage on shares of Brighthouse Financial in a research report on Wednesday, September 4th. They issued an "equal weight" rating and a $48.00 price objective for the company. Keefe, Bruyette & Woods lowered their price target on Brighthouse Financial from $47.00 to $43.00 and set a "market perform" rating for the company in a report on Wednesday, August 14th. Wells Fargo & Company increased their price objective on shares of Brighthouse Financial from $40.00 to $41.00 and gave the stock an "underweight" rating in a research report on Thursday, October 10th. Finally, Piper Sandler boosted their price target on Brighthouse Financial from $44.00 to $47.00 and gave the company a "neutral" rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Brighthouse Financial has an average rating of "Hold" and an average target price of $50.63.

Brighthouse Financial Stock Down 0.1 %

BHF traded down $0.06 on Friday, hitting $52.27. 151,237 shares of the company were exchanged, compared to its average volume of 403,473. The stock's fifty day moving average is $48.29 and its 200-day moving average is $45.77. Brighthouse Financial, Inc. has a 12 month low of $40.00 and a 12 month high of $56.24. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $3.10 billion, a PE ratio of -2.57 and a beta of 1.05.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $3.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.50 by ($0.51). Brighthouse Financial had a positive return on equity of 23.54% and a negative net margin of 24.40%. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same period last year, the company posted $4.18 earnings per share. Equities research analysts predict that Brighthouse Financial, Inc. will post 18.47 EPS for the current fiscal year.

Insider Buying and Selling at Brighthouse Financial

In other news, EVP John Rosenthal sold 5,000 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $45.22, for a total transaction of $226,100.00. Following the completion of the sale, the executive vice president now owns 91,262 shares in the company, valued at approximately $4,126,867.64. This trade represents a 5.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.40% of the company's stock.

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.