Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Acquired by Invesco Ltd.

Invesco Ltd. grew its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 49.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 286,726 shares of the company's stock after purchasing an additional 94,801 shares during the quarter. Invesco Ltd. owned approximately 0.48% of Brighthouse Financial worth $13,774,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Aster Capital Management DIFC Ltd grew its position in Brighthouse Financial by 327.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company's stock valued at $44,000 after purchasing an additional 703 shares during the last quarter. KBC Group NV raised its holdings in Brighthouse Financial by 33.1% in the 4th quarter. KBC Group NV now owns 2,664 shares of the company's stock worth $128,000 after acquiring an additional 663 shares during the last quarter. Polymer Capital Management US LLC bought a new stake in shares of Brighthouse Financial in the 4th quarter worth $233,000. Lecap Asset Management Ltd. lifted its holdings in shares of Brighthouse Financial by 9.1% during the fourth quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company's stock valued at $251,000 after purchasing an additional 436 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in shares of Brighthouse Financial during the fourth quarter valued at $258,000. 81.24% of the stock is owned by hedge funds and other institutional investors.

Brighthouse Financial Stock Up 3.1 %

Shares of BHF traded up $1.63 during midday trading on Thursday, hitting $53.86. 554,772 shares of the company's stock traded hands, compared to its average volume of 542,512. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 10.44 and a beta of 0.91. The firm's fifty day moving average is $55.24 and its 200-day moving average is $52.29. Brighthouse Financial, Inc. has a 1 year low of $40.00 and a 1 year high of $64.12.

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 (EPS) 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%. As a group, sell-side analysts anticipate that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Jefferies Financial Group downgraded shares of Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 price target on the stock. in a report on Monday, February 3rd. Piper Sandler raised their price target on Brighthouse Financial from $52.00 to $60.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. reduced their price objective 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. Morgan Stanley dropped their target price on Brighthouse Financial from $52.00 to $41.00 and set an "underweight" rating on the stock in a research report on Thursday, April 10th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Brighthouse Financial from $60.00 to $66.00 and gave the company a "market perform" rating in a research report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $62.00.

Insider Activity at Brighthouse Financial

In related news, EVP John Rosenthal sold 10,000 shares of the firm'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 transaction of $610,000.00. Following the transaction, the executive vice president now owns 66,262 shares in the company, valued at $4,041,982. This trade represents a 13.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.40% of the stock is currently owned by insiders.

Brighthouse Financial Company Profile

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.