Caisse Des Depots ET Consignations Takes $4.32 Million Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

Caisse Des Depots ET Consignations purchased a new stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 89,939 shares of the company's stock, valued at approximately $4,321,000. Caisse Des Depots ET Consignations owned 0.15% of Brighthouse Financial as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of BHF. KBC Group NV boosted its holdings in Brighthouse Financial by 33.1% during the fourth quarter. KBC Group NV now owns 2,664 shares of the company's stock worth $128,000 after buying an additional 663 shares in the last quarter. Lecap Asset Management Ltd. lifted its position in shares of Brighthouse Financial by 9.1% during the 4th quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company's stock valued at $251,000 after acquiring an additional 436 shares during the last quarter. Institute for Wealth Management LLC. acquired a new stake in shares of Brighthouse Financial during the 4th quarter valued at $287,000. SG Americas Securities LLC bought a new stake in shares of Brighthouse Financial during the 4th quarter worth $312,000. Finally, Xponance Inc. grew its holdings in shares of Brighthouse Financial by 2.7% in the 4th quarter. Xponance Inc. now owns 6,860 shares of the company's stock worth $330,000 after acquiring an additional 181 shares during the last quarter. Institutional investors own 81.24% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Morgan Stanley set a $52.00 price target on Brighthouse Financial in a research report on Friday, February 28th. Raymond James upgraded shares of Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 target price for the company in a report on Tuesday, March 18th. Barclays upgraded shares of Brighthouse Financial from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $52.00 to $85.00 in a report on Wednesday, January 29th. Wells Fargo & Company upgraded shares of Brighthouse Financial from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $41.00 to $59.00 in a research 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 stock a "market perform" rating in a research report on Tuesday, February 18th. 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 given a strong buy rating to the stock. According to MarketBeat.com, Brighthouse Financial has a consensus rating of "Hold" and an average target price of $63.80.

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Insiders Place Their Bets

In other Brighthouse Financial news, EVP John Rosenthal sold 10,000 shares of the business's stock in a transaction that occurred on Friday, January 31st. The shares were 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 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 at this hyperlink. Insiders own 1.40% of the company's stock.

Brighthouse Financial Stock Up 0.5 %

Brighthouse Financial stock traded up $0.27 during trading hours on Monday, hitting $57.82. The company had a trading volume of 191,262 shares, compared to its average volume of 490,226. Brighthouse Financial, Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $64.12. 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 market capitalization of $3.36 billion, a P/E ratio of 11.19 and a beta of 1.11. The firm's fifty day moving average is $57.51 and its 200-day moving average is $51.39.

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

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.