Great Lakes Advisors LLC decreased its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 97.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,165 shares of the company's stock after selling 153,714 shares during the quarter. Great Lakes Advisors LLC's holdings in Brighthouse Financial were worth $200,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Victory Capital Management Inc. increased its holdings in shares of Brighthouse Financial by 2,632.8% in the 4th quarter. Victory Capital Management Inc. now owns 884,162 shares of the company's stock valued at $42,475,000 after acquiring an additional 851,808 shares during the last quarter. State Street Corp increased its holdings in shares of Brighthouse Financial by 2.2% in the 3rd 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 last quarter. Ieq Capital LLC purchased a new position in Brighthouse Financial during the 4th quarter worth approximately $1,748,000. Two Sigma Advisers LP grew its stake in Brighthouse Financial by 12.6% during the 3rd quarter. Two Sigma Advisers LP now owns 320,700 shares of the company's stock worth $14,441,000 after buying an additional 35,800 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Brighthouse Financial during the 3rd quarter worth approximately $1,404,000. Hedge funds and other institutional investors own 81.24% of the company's stock.
Analyst Ratings Changes
A number of analysts have weighed in on the company. Piper Sandler increased their price objective on Brighthouse Financial from $52.00 to $60.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Jefferies Financial Group cut Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 price objective for the company. in a research report on Monday, February 3rd. UBS Group set a $72.00 price objective on Brighthouse Financial in a research report on Tuesday. Wells Fargo & Company raised Brighthouse Financial from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $41.00 to $59.00 in a research report on Wednesday, February 19th. Finally, Raymond James raised Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 price objective for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Brighthouse Financial presently has an average rating of "Hold" and a consensus target price of $63.80.
Check Out Our Latest Stock Analysis on Brighthouse Financial
Brighthouse Financial Price Performance
Brighthouse Financial stock remained flat at $57.98 during mid-day trading on Friday. The company's stock had a trading volume of 865,764 shares, compared to its average volume of 481,282. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.92. The firm has a 50-day moving average price of $56.27 and a 200 day moving average price of $50.65. The firm has a market cap of $3.37 billion, a P/E ratio of 11.24 and a beta of 1.11. Brighthouse Financial, Inc. has a one year low of $40.00 and a one year 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 earnings per share for the quarter, topping 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 predict that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.
Insider Activity
In other news, EVP John Rosenthal sold 10,000 shares of Brighthouse Financial stock in a transaction 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.40% of the company's stock.
Brighthouse Financial Company Profile
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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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