Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Bought by LPL Financial LLC

LPL Financial LLC lifted its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 55.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,545 shares of the company's stock after acquiring an additional 14,084 shares during the period. LPL Financial LLC owned 0.07% of Brighthouse Financial worth $1,900,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. KBC Group NV boosted its holdings in shares of 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 purchasing an additional 663 shares during the last quarter. Lecap Asset Management Ltd. grew its holdings in Brighthouse Financial by 9.1% in the 4th quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company's stock valued at $251,000 after buying an additional 436 shares during the period. Institute for Wealth Management LLC. acquired a new position in shares of Brighthouse Financial during the 4th quarter valued at about $287,000. SG Americas Securities LLC purchased a new position in shares of Brighthouse Financial during the 4th quarter worth about $312,000. Finally, Xponance Inc. lifted its holdings in shares of Brighthouse Financial by 2.7% during 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 period. Hedge funds and other institutional investors own 81.24% of the company's stock.

Brighthouse Financial Stock Up 1.9 %

NASDAQ:BHF traded up $0.93 on Friday, reaching $50.65. The stock had a trading volume of 520,964 shares, compared to its average volume of 535,234. The company has a 50-day moving average of $55.93 and a 200 day moving average of $52.11. 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 cap of $2.94 billion, a P/E ratio of 9.82 and a beta of 0.91. Brighthouse Financial, Inc. has a 12-month low of $40.00 and a 12-month high of $64.12.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $5.88 EPS for the quarter, beating analysts' consensus estimates of $4.56 by $1.32. Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. On average, research analysts predict that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

Insider Transactions 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 transaction, the executive vice president now directly owns 66,262 shares in the company, valued at $4,041,982. This represents a 13.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.40% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Jefferies Financial Group lowered Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 price target for the company. in a research note on Monday, February 3rd. Morgan Stanley dropped their target price on shares of Brighthouse Financial from $52.00 to $41.00 and set an "underweight" rating for the company in a research report on Thursday, April 10th. Piper Sandler lifted their price target on shares of Brighthouse Financial from $52.00 to $60.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. dropped their price objective on shares of Brighthouse Financial from $59.00 to $56.00 and set an "underweight" rating for the company in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company reduced their target price on shares of Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Two research 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, Brighthouse Financial presently has an average rating of "Hold" and a consensus price target of $62.00.

Brighthouse Financial 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.