35,262 Shares in Brighthouse Financial, Inc. (NASDAQ:BHF) Bought by Wellington Management Group LLP

Wellington Management Group LLP acquired a new stake in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 35,262 shares of the company's stock, valued at approximately $1,694,000. Wellington Management Group LLP owned 0.06% of Brighthouse Financial at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. KBC Group NV increased 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 worth $128,000 after purchasing an additional 663 shares during the period. Lecap Asset Management Ltd. lifted its position in shares of Brighthouse Financial by 9.1% in the 4th quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company's stock worth $251,000 after acquiring an additional 436 shares during the period. Institute for Wealth Management LLC. bought a new stake in shares of Brighthouse Financial during the fourth quarter valued at approximately $287,000. SG Americas Securities LLC bought a new position in Brighthouse Financial in the fourth quarter worth $312,000. Finally, Xponance Inc. boosted its stake in Brighthouse Financial by 2.7% during the fourth quarter. Xponance Inc. now owns 6,860 shares of the company's stock worth $330,000 after buying an additional 181 shares in the last quarter. Institutional investors own 81.24% of the company's stock.

Insider Buying and Selling at Brighthouse Financial

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 value of $610,000.00. Following the completion of the transaction, the executive vice president now owns 66,262 shares of the company's stock, valued at $4,041,982. The trade was a 13.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.40% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages have commented on BHF. Piper Sandler raised their price target on shares of Brighthouse Financial from $52.00 to $60.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Keefe, Bruyette & Woods increased their price objective on Brighthouse Financial from $60.00 to $66.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 18th. Barclays upgraded shares of Brighthouse Financial from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $52.00 to $85.00 in a research note on Wednesday, January 29th. UBS Group set a $72.00 target price on shares of Brighthouse Financial in a research note on Tuesday, March 18th. Finally, Wells Fargo & Company dropped their price target on Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Brighthouse Financial has a consensus rating of "Hold" and a consensus price target of $62.00.

Brighthouse Financial Trading Up 0.3 %

Brighthouse Financial stock traded up $0.16 during trading hours on Tuesday, reaching $50.66. 743,681 shares of the company's stock traded hands, compared to its average volume of 534,251. Brighthouse Financial, Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $64.12. The firm's 50 day moving average is $56.30 and its 200-day moving average is $52.09. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.92 and a current ratio of 0.93. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 9.82 and a beta of 0.91.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $5.88 EPS for the quarter, beating 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, analysts predict that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

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.