30,755 Shares in Brighthouse Financial, Inc. (NASDAQ:BHF) Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC purchased a new position in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 30,755 shares of the company's stock, valued at approximately $1,477,000. Wealthfront Advisers LLC owned about 0.05% of Brighthouse Financial as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BHF. Venturi Wealth Management LLC boosted its position in shares of Brighthouse Financial by 989.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 621 shares of the company's stock worth $28,000 after purchasing an additional 564 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Brighthouse Financial by 7.7% in the 3rd quarter. Victory Capital Management Inc. now owns 32,354 shares of the company's stock worth $1,457,000 after purchasing an additional 2,327 shares during the last quarter. KBC Group NV raised its stake in Brighthouse Financial by 30.2% during the 3rd quarter. KBC Group NV now owns 2,001 shares of the company's stock worth $90,000 after buying an additional 464 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Brighthouse Financial by 5.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 42,291 shares of the company's stock worth $1,904,000 after buying an additional 2,259 shares during the period. Finally, Cerity Partners LLC raised its stake in Brighthouse Financial by 55.5% during the 3rd quarter. Cerity Partners LLC now owns 15,690 shares of the company's stock worth $707,000 after buying an additional 5,601 shares during the period. 81.24% of the stock is currently owned by institutional investors.

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Insider Activity at Brighthouse Financial

In related news, EVP John Rosenthal sold 10,000 shares of Brighthouse Financial stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $61.00, for a total transaction of $610,000.00. Following the completion of the transaction, the executive vice president now owns 66,262 shares in the company, valued at approximately $4,041,982. This trade represents a 13.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.40% of the stock is owned by company insiders.

Brighthouse Financial Stock Up 1.7 %

Shares of NASDAQ:BHF traded up $0.96 during midday trading on Wednesday, reaching $58.08. The company had a trading volume of 632,359 shares, compared to its average volume of 480,253. 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 moving average price is $55.86 and its 200 day moving average price is $50.54. The stock has a market cap of $3.37 billion, a PE ratio of 11.26 and a beta of 1.11. 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 released its earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share (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%. Research analysts forecast that Brighthouse Financial, Inc. will post 20.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.