Mitsubishi UFJ Trust & Banking Corp Buys 388 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

Mitsubishi UFJ Trust & Banking Corp grew its stake in Brighthouse Financial, Inc. (NASDAQ:BHF) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,872 shares of the company’s stock after buying an additional 388 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.12% of Brighthouse Financial worth $3,501,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BHF. Xponance Inc. increased its holdings in Brighthouse Financial by 2.7% in the 4th quarter. Xponance Inc. now owns 6,860 shares of the company’s stock worth $330,000 after acquiring an additional 181 shares in the last quarter. Amalgamated Bank boosted its position in shares of Brighthouse Financial by 0.8% in the fourth quarter. Amalgamated Bank now owns 28,345 shares of the company’s stock worth $1,362,000 after purchasing an additional 227 shares during the period. Lecap Asset Management Ltd. increased its stake in shares of Brighthouse Financial by 9.1% in the fourth quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company’s stock worth $251,000 after purchasing an additional 436 shares in the last quarter. KBC Group NV lifted its stake 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 buying an additional 663 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in Brighthouse Financial by 6.6% in the 4th quarter. Corient Private Wealth LLC now owns 11,895 shares of the company’s stock worth $571,000 after buying an additional 738 shares during the period. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Insider Buying and Selling

In other Brighthouse Financial news, EVP John Rosenthal sold 10,000 shares of the business’s stock in a transaction that occurred on 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 $4,041,982. The trade was a 13.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is owned by corporate insiders.

Brighthouse Financial Trading Up 0.8 %

Shares of NASDAQ BHF opened at $57.99 on Tuesday. Brighthouse Financial, Inc. has a 1-year low of $40.00 and a 1-year high of $64.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.92. The business’s 50 day moving average is $57.66 and its two-hundred day moving average is $51.50. The stock has a market capitalization of $3.37 billion, a P/E ratio of 11.24 and a beta of 1.11.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share for the quarter, beating the consensus estimate of $4.56 by $1.32. Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. As a group, research analysts expect that Brighthouse Financial, Inc. will post 20.32 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BHF shares. Morgan Stanley set a $52.00 price objective on Brighthouse Financial in a research report on Friday, February 28th. Barclays upgraded Brighthouse Financial from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $52.00 to $85.00 in a research note on Wednesday, January 29th. Piper Sandler lifted their price objective 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. Jefferies Financial Group lowered shares of Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 target price for the company. in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating on the stock in a report on Tuesday, January 7th. One investment analyst has 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 company’s stock. According to MarketBeat, Brighthouse Financial presently has an average rating of “Hold” and an average 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.