Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. raised its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 7.7% during the third quarter, HoldingsChannel.com reports. The firm owned 32,354 shares of the company’s stock after buying an additional 2,327 shares during the period. Victory Capital Management Inc.’s holdings in Brighthouse Financial were worth $1,457,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. American Century Companies Inc. grew its stake in shares of Brighthouse Financial by 21.9% during the second quarter. American Century Companies Inc. now owns 1,273,882 shares of the company’s stock worth $55,210,000 after acquiring an additional 228,814 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of Brighthouse Financial by 75.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 623,607 shares of the company’s stock valued at $27,027,000 after acquiring an additional 269,062 shares during the period. Millennium Management LLC raised its stake in Brighthouse Financial by 278.0% in the 2nd quarter. Millennium Management LLC now owns 280,270 shares of the company’s stock worth $12,147,000 after acquiring an additional 206,116 shares during the last quarter. Point72 Asset Management L.P. lifted its position in Brighthouse Financial by 139.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 247,210 shares of the company’s stock worth $10,714,000 after acquiring an additional 144,102 shares during the period. Finally, Bogart Wealth LLC grew its stake in Brighthouse Financial by 2.8% during the 3rd quarter. Bogart Wealth LLC now owns 214,222 shares of the company’s stock valued at $9,646,000 after purchasing an additional 5,899 shares during the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Insiders Place Their Bets

In other Brighthouse Financial news, EVP John Rosenthal sold 4,265 shares of Brighthouse Financial stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $46.04, for a total transaction of $196,360.60. Following the transaction, the executive vice president now directly owns 86,262 shares of the company’s stock, valued at $3,971,502.48. The trade was a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BHF. Keefe, Bruyette & Woods decreased their target price on Brighthouse Financial from $47.00 to $43.00 and set a “market perform” rating for the company in a report on Wednesday, August 14th. Piper Sandler increased their price objective on shares of Brighthouse Financial from $44.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company boosted their target price on shares of Brighthouse Financial from $40.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, October 10th. Evercore ISI cut their price target on Brighthouse Financial from $56.00 to $52.00 and set an “in-line” rating on the stock in a research report on Thursday, August 8th. Finally, Jefferies Financial Group boosted their price objective on Brighthouse Financial from $59.00 to $63.00 and gave the company a “buy” rating in a report on Monday, July 29th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $50.63.

Brighthouse Financial Trading Up 2.1 %

Shares of NASDAQ:BHF opened at $52.82 on Tuesday. Brighthouse Financial, Inc. has a 1 year low of $40.00 and a 1 year high of $56.24. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.92 and a quick ratio of 0.92. The business’s 50 day moving average price is $47.60 and its 200-day moving average price is $45.59. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of -2.60 and a beta of 1.05.

Brighthouse Financial (NASDAQ:BHF) last released its earnings results on Thursday, November 7th. The company reported $3.99 earnings per share for the quarter, missing the consensus estimate of $4.50 by ($0.51). The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Brighthouse Financial had a negative net margin of 24.40% and a positive return on equity of 23.54%. During the same quarter last year, the business earned $4.18 EPS. On average, equities research analysts forecast that Brighthouse Financial, Inc. will post 18.44 earnings per share for the current fiscal year.

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.