12,900 Shares in Brighthouse Financial, Inc. (NASDAQ:BHF) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,900 shares of the company's stock, valued at approximately $620,000.

Several other institutional investors have also recently made changes to their positions in BHF. State Street Corp boosted its holdings in Brighthouse Financial by 2.2% during 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 period. American Century Companies Inc. grew its holdings in shares of Brighthouse Financial by 12.1% in the fourth quarter. American Century Companies Inc. now owns 1,682,076 shares of the company's stock worth $80,807,000 after purchasing an additional 181,980 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Brighthouse Financial by 0.7% in the third quarter. Geode Capital Management LLC now owns 1,091,462 shares of the company's stock worth $49,160,000 after purchasing an additional 8,004 shares during the last quarter. Victory Capital Management Inc. increased its stake in Brighthouse Financial by 2,632.8% in the 4th quarter. Victory Capital Management Inc. now owns 884,162 shares of the company's stock worth $42,475,000 after buying an additional 851,808 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Brighthouse Financial by 1.8% during the 4th quarter. Bank of New York Mellon Corp now owns 525,388 shares of the company's stock valued at $25,240,000 after buying an additional 9,500 shares in the last quarter. Institutional investors own 81.24% of the company's stock.

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Brighthouse Financial Stock Down 2.5 %

NASDAQ BHF traded down $1.23 on Monday, hitting $47.83. The stock had a trading volume of 1,217,742 shares, compared to its average volume of 513,087. The business's fifty day moving average price is $57.97 and its 200 day moving average price is $51.88. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 9.27 and a beta of 0.91. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.92. Brighthouse Financial, Inc. has a 52-week low of $40.00 and a 52-week high of $64.12.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last announced 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 return on equity of 26.94% and a net margin of 8.21%. Equities research analysts anticipate that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Barclays raised shares of Brighthouse Financial from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $52.00 to $85.00 in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their target price on Brighthouse Financial from $59.00 to $56.00 and set an "underweight" rating for the company in a report on Tuesday, January 7th. Morgan Stanley set a $52.00 price target on Brighthouse Financial in a research note 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 on the stock in a report on Tuesday, March 18th. Finally, UBS Group set a $72.00 price target on shares of Brighthouse Financial in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Brighthouse Financial has an average rating of "Hold" and an average target price of $63.80.

Insider Activity

In other news, EVP John Rosenthal sold 10,000 shares of the business's 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 $4,041,982. The trade was a 13.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.40% of the company's stock.

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.