Charles Schwab Investment Management Inc. reduced its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 362,674 shares of the company's stock after selling 4,733 shares during the period. Charles Schwab Investment Management Inc. owned 0.61% of Brighthouse Financial worth $17,423,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the stock. State Street Corp grew its position in Brighthouse Financial by 2.2% during the third quarter. State Street Corp now owns 2,314,905 shares of the company's stock valued at $104,240,000 after acquiring an additional 50,441 shares during the period. Institute for Wealth Management LLC. acquired a new position in Brighthouse Financial during the fourth quarter valued at approximately $287,000. Bank of New York Mellon Corp grew its stake in Brighthouse Financial by 1.8% during the fourth quarter. Bank of New York Mellon Corp now owns 525,388 shares of the company's stock worth $25,240,000 after buying an additional 9,500 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Brighthouse Financial in the fourth quarter worth $312,000. Finally, Range Financial Group LLC acquired a new stake in shares of Brighthouse Financial in the fourth quarter worth $826,000. 81.24% of the stock is currently owned by hedge funds and other institutional investors.
Brighthouse Financial Stock Up 2.3 %
Shares of BHF stock traded up $1.36 during mid-day trading on Monday, reaching $59.34. 570,387 shares of the company were exchanged, compared to its average volume of 481,998. The company has a market capitalization of $3.45 billion, a P/E ratio of 11.50 and a beta of 1.11. The business's 50 day simple moving average is $56.52 and its 200 day simple moving average is $50.81. 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, 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 earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share for the quarter, topping the consensus estimate 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 predict that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.
Insider Activity at Brighthouse Financial
In other Brighthouse Financial news, EVP John Rosenthal sold 10,000 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 66,262 shares of the company's stock, valued at approximately $4,041,982. This represents a 13.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. UBS Group set a $72.00 price target on shares of Brighthouse Financial in a research report on Tuesday, March 18th. Morgan Stanley set a $52.00 target price on Brighthouse Financial in a research report on Friday, February 28th. Raymond James upgraded Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 target price on the stock in a report on Tuesday, March 18th. Wells Fargo & Company upgraded Brighthouse Financial from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $41.00 to $59.00 in a report on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods lifted their price objective 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. One research analyst has rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $63.80.
Read Our Latest Stock Analysis on BHF
About Brighthouse Financial
(
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.
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