Thrivent Financial for Lutherans Has $2.10 Million Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

Thrivent Financial for Lutherans trimmed its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 22.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,651 shares of the company's stock after selling 12,288 shares during the period. Thrivent Financial for Lutherans owned about 0.07% of Brighthouse Financial worth $2,097,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BHF. KBC Group NV lifted its holdings in shares of Brighthouse Financial by 33.1% during the 4th quarter. KBC Group NV now owns 2,664 shares of the company's stock valued at $128,000 after purchasing an additional 663 shares in the last quarter. Lecap Asset Management Ltd. raised its holdings in Brighthouse Financial by 9.1% during the 4th quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company's stock worth $251,000 after buying an additional 436 shares during the period. Institute for Wealth Management LLC. acquired a new stake in Brighthouse Financial during the 4th quarter worth approximately $287,000. SG Americas Securities LLC bought a new position in Brighthouse Financial in the fourth quarter valued at approximately $312,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Brighthouse Financial in the fourth quarter valued at approximately $384,000. 81.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on BHF shares. Morgan Stanley set a $52.00 price objective on shares of Brighthouse Financial in a research report on Friday, February 28th. Wells Fargo & Company raised Brighthouse Financial from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $41.00 to $59.00 in a research report on Wednesday, February 19th. JPMorgan Chase & Co. dropped their target price on Brighthouse Financial from $59.00 to $56.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 7th. Raymond James raised Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 price target for the company in a research report on Tuesday, March 18th. Finally, Barclays upgraded shares of Brighthouse Financial from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $52.00 to $85.00 in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $63.80.

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Brighthouse Financial Stock Up 2.8 %

Shares of NASDAQ:BHF traded up $1.61 during midday trading on Wednesday, hitting $59.78. The stock had a trading volume of 835,754 shares, compared to its average volume of 496,511. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.63. The business's 50-day simple moving average is $57.99 and its 200-day simple moving average is $51.67. Brighthouse Financial, Inc. has a 12 month low of $40.00 and a 12 month high of $64.12. The company has a market cap of $3.47 billion, a P/E ratio of 11.59 and a beta of 0.91.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its quarterly earnings data 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 net margin of 8.21% and a return on equity of 26.94%. On average, sell-side analysts forecast that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Brighthouse Financial news, EVP John Rosenthal sold 10,000 shares of the company's stock in a transaction 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 transaction, the executive vice president now directly owns 66,262 shares in the company, valued at $4,041,982. The trade was a 13.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company 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.