Brighthouse Financial, Inc. (NASDAQ:BHF) Stake Increased by MetLife Investment Management LLC

MetLife Investment Management LLC increased its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,469 shares of the company’s stock after buying an additional 2,051 shares during the quarter. MetLife Investment Management LLC owned 0.06% of Brighthouse Financial worth $1,608,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Aster Capital Management DIFC Ltd increased its stake in shares of Brighthouse Financial by 327.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company’s stock worth $44,000 after acquiring an additional 703 shares during the last quarter. KBC Group NV increased its position in Brighthouse Financial by 33.1% in 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 last quarter. Guggenheim Capital LLC purchased a new stake in shares of Brighthouse Financial during the 4th quarter worth about $227,000. Polymer Capital Management US LLC acquired a new stake in shares of Brighthouse Financial during the 4th quarter valued at about $233,000. Finally, Lecap Asset Management Ltd. grew its stake 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 valued at $251,000 after buying an additional 436 shares in the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Insider Transactions at Brighthouse Financial

In other 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 sale, the executive vice president now directly owns 66,262 shares in the company, valued at approximately $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 SEC, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

Brighthouse Financial Stock Performance

BHF opened at $56.64 on Wednesday. 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 stock’s 50 day moving average price is $54.64 and its two-hundred day moving average price is $52.61. The firm has a market capitalization of $3.29 billion, a P/E ratio of 10.98 and a beta of 0.91. Brighthouse Financial, Inc. has a 12-month low of $40.00 and a 12-month high of $64.12.

Brighthouse Financial (NASDAQ:BHF) last announced its earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, equities analysts forecast that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BHF shares. JPMorgan Chase & Co. reduced their target price on shares of Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating for the company in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods upped their price objective on shares of Brighthouse Financial from $60.00 to $66.00 and gave the stock a “market perform” rating in a report on Tuesday, February 18th. Jefferies Financial Group lowered Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 target price on the stock. in a report on Monday, February 3rd. 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. Finally, 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, March 18th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $62.00.

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.