Brighthouse Financial, Inc. (NASDAQ:BHF) Stock Holdings Decreased by Swiss National Bank

Swiss National Bank lessened its position in Brighthouse Financial, Inc. (NASDAQ:BHF) by 1.5% in the 4th quarter, Holdings Channel reports. The fund owned 119,500 shares of the company’s stock after selling 1,800 shares during the period. Swiss National Bank’s holdings in Brighthouse Financial were worth $5,741,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in Brighthouse Financial by 7.7% during the 3rd quarter. Victory Capital Management Inc. now owns 32,354 shares of the company’s stock worth $1,457,000 after acquiring an additional 2,327 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Brighthouse Financial by 5.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 42,291 shares of the company’s stock worth $1,904,000 after purchasing an additional 2,259 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of Brighthouse Financial by 55.5% during the third quarter. Cerity Partners LLC now owns 15,690 shares of the company’s stock worth $707,000 after purchasing an additional 5,601 shares during the period. Summit Trail Advisors LLC purchased a new position in Brighthouse Financial during the third quarter valued at approximately $373,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Brighthouse Financial in the 3rd quarter valued at approximately $368,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

Wall Street Analyst Weigh In

BHF has been the subject of a number of research reports. Wells Fargo & Company raised shares of Brighthouse Financial from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $41.00 to $59.00 in a research note on Wednesday, February 19th. Barclays upgraded 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. Jefferies Financial Group downgraded Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 price target for the company. in a research note on Monday, February 3rd. Raymond James upgraded Brighthouse Financial from a “market perform” rating to a “strong-buy” rating and set a $72.00 price objective on the stock in a report on Tuesday, March 18th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Brighthouse Financial from $60.00 to $66.00 and gave the company a “market perform” rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $63.80.

Brighthouse Financial Price Performance

Shares of BHF stock opened at $57.98 on Monday. The stock’s 50 day simple moving average is $56.52 and its 200 day simple moving average is $50.81. Brighthouse Financial, Inc. has a twelve month low of $40.00 and a twelve month high of $64.12. 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 company has a market capitalization of $3.37 billion, a price-to-earnings 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 EPS for the quarter, beating 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%. As a group, research analysts predict that Brighthouse Financial, Inc. will post 20.32 EPS for the current year.

Insiders Place Their Bets

In other Brighthouse Financial news, EVP John Rosenthal sold 10,000 shares of Brighthouse Financial stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $61.00, for a total value of $610,000.00. Following the transaction, the executive vice president now directly 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 SEC, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.

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.