Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Acquired by State Street Corp

State Street Corp boosted its stake in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 2.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,314,905 shares of the company's stock after purchasing an additional 50,441 shares during the period. State Street Corp owned about 3.90% of Brighthouse Financial worth $104,240,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its holdings in Brighthouse Financial by 974.1% during the 3rd quarter. UMB Bank n.a. now owns 623 shares of the company's stock worth $28,000 after buying an additional 565 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in Brighthouse Financial by 989.5% in the third quarter. Venturi Wealth Management LLC now owns 621 shares of the company's stock valued at $28,000 after acquiring an additional 564 shares in the last quarter. CWM LLC lifted its stake in Brighthouse Financial by 29.4% in the third quarter. CWM LLC now owns 1,491 shares of the company's stock worth $67,000 after acquiring an additional 339 shares during the last quarter. GAMMA Investing LLC grew its holdings in Brighthouse Financial by 97.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,729 shares of the company's stock worth $78,000 after acquiring an additional 855 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Brighthouse Financial in the 2nd quarter valued at approximately $89,000. Hedge funds and other institutional investors own 81.24% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BHF. Wells Fargo & Company lifted their price objective on shares of Brighthouse Financial from $40.00 to $41.00 and gave the stock an "underweight" rating in a research report on Thursday, October 10th. Piper Sandler upped their price target on Brighthouse Financial from $44.00 to $47.00 and gave the company a "neutral" rating in a report on Wednesday, October 2nd. Finally, Barclays increased their price target on shares of Brighthouse Financial from $48.00 to $52.00 and gave the company an "equal weight" rating in a research note on Monday. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, Brighthouse Financial presently has a consensus rating of "Hold" and a consensus target price of $51.13.

Brighthouse Financial Stock Performance

NASDAQ:BHF traded up $0.78 during trading hours on Monday, reaching $49.56. 158,796 shares of the company's stock were exchanged, compared to its average volume of 420,988. Brighthouse Financial, Inc. has a 1-year low of $40.00 and a 1-year high of $54.73. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of -2.40 and a beta of 1.06. The company has a 50-day moving average of $49.45 and a 200 day moving average of $46.19.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $3.99 earnings per share for the quarter, missing the consensus estimate of $4.50 by ($0.51). The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.21 billion. Brighthouse Financial had a positive return on equity of 23.54% and a negative net margin of 24.40%. During the same quarter last year, the company posted $4.18 EPS. Research analysts anticipate that Brighthouse Financial, Inc. will post 18.47 EPS for the current year.

Insider Activity

In other Brighthouse Financial news, EVP Myles Lambert sold 8,400 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $51.70, for a total value of $434,280.00. Following the completion of the transaction, the executive vice president now directly owns 33,407 shares of the company's stock, valued at approximately $1,727,141.90. This trade represents a 20.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John Rosenthal sold 4,265 shares of the business's stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $46.04, for a total value of $196,360.60. Following the sale, the executive vice president now directly owns 86,262 shares in the company, valued at $3,971,502.48. This trade represents a 4.71 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company's stock.

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.