7,876 Shares in Brighthouse Financial, Inc. (NASDAQ:BHF) Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. bought a new position in Brighthouse Financial, Inc. (NASDAQ:BHF) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,876 shares of the company’s stock, valued at approximately $378,000.

Several other large investors have also added to or reduced their stakes in the stock. Institute for Wealth Management LLC. bought a new position in Brighthouse Financial in the 4th quarter valued at $287,000. Bank of New York Mellon Corp boosted its holdings in Brighthouse Financial by 1.8% in the 4th quarter. Bank of New York Mellon Corp now owns 525,388 shares of the company’s stock valued at $25,240,000 after purchasing an additional 9,500 shares during the period. Raymond James Financial Inc. bought a new position in Brighthouse Financial in the 4th quarter valued at $384,000. SG Americas Securities LLC bought a new position in Brighthouse Financial in the 4th quarter valued at $312,000. Finally, Alliancebernstein L.P. boosted its position in shares of Brighthouse Financial by 41.5% during the 4th quarter. Alliancebernstein L.P. now owns 114,984 shares of the company’s stock valued at $5,524,000 after acquiring an additional 33,716 shares during the last quarter. Institutional investors own 81.24% of the company’s stock.

Brighthouse Financial Stock Performance

NASDAQ:BHF opened at $58.77 on Friday. The business has a 50 day moving average of $55.59 and a 200 day moving average of $53.86. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 11.39 and a beta of 0.96. 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.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings results on Thursday, May 8th. The company reported $4.17 earnings per share for the quarter, missing the consensus estimate of $4.72 by ($0.55). Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the prior year, the firm earned $4.25 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, sell-side analysts predict that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Barclays lifted their price target on Brighthouse Financial from $75.00 to $76.00 and gave the company an “overweight” rating in a research report on Friday, May 9th. Morgan Stanley lifted their price target on Brighthouse Financial from $41.00 to $45.00 and gave the company an “underweight” rating in a research report on Monday. Raymond James upgraded 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. 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 research report on Thursday, April 10th. Finally, Jefferies Financial Group downgraded shares of Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 price objective for the company. in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $60.80.

Brighthouse Financial Company 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.