Mint Tower Capital Management B.V. acquired a new position in Brighthouse Financial, Inc. (NASDAQ:BHF – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 28,000 shares of the company’s stock, valued at approximately $1,814,000.
Several other hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in shares of Brighthouse Financial by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,449,923 shares of the company’s stock worth $183,131,000 after purchasing an additional 42,652 shares during the last quarter. UBS Group AG grew its holdings in shares of Brighthouse Financial by 98.1% in the 3rd quarter. UBS Group AG now owns 3,413,278 shares of the company’s stock worth $181,177,000 after acquiring an additional 1,690,064 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Brighthouse Financial by 10.4% in the 3rd quarter. American Century Companies Inc. now owns 2,210,276 shares of the company’s stock worth $117,321,000 after acquiring an additional 208,630 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Brighthouse Financial by 190.7% in the 3rd quarter. AQR Capital Management LLC now owns 1,396,245 shares of the company’s stock worth $74,113,000 after acquiring an additional 915,902 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Brighthouse Financial by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,070,547 shares of the company’s stock worth $69,375,000 after acquiring an additional 4,537 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.
Brighthouse Financial Stock Performance
Shares of BHF opened at $63.24 on Friday. The company’s 50 day moving average price is $61.89 and its 200 day moving average price is $62.82. Brighthouse Financial, Inc. has a 52 week low of $42.07 and a 52 week high of $66.33. The company has a market capitalization of $3.63 billion, a PE ratio of -21.22 and a beta of 0.86. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.91 and a current ratio of 0.91.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. Zacks Research upgraded Brighthouse Financial from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $67.00 target price on shares of Brighthouse Financial in a research report on Thursday, March 26th. Argus raised shares of Brighthouse Financial to a “hold” rating in a research report on Thursday, March 26th. Finally, Weiss Ratings downgraded shares of Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Eight research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Brighthouse Financial presently has an average rating of “Reduce” and an average price target of $60.86.
Get Our Latest Report on Brighthouse Financial
Brighthouse Financial Profile
Brighthouse Financial, Inc is a U.S.-based life insurance company that specializes in retirement income solutions and annuity products. The firm was established in August 2017 as a spin-off from MetLife, Inc, and is headquartered in Charlotte, North Carolina. Since its separation, Brighthouse Financial has focused on providing products designed to help individuals and families manage retirement income needs, drawing on decades of experience in life insurance and annuity administration inherited from its parent company.
The company’s core product offerings include fixed indexed annuities, which allow policyholders to participate in market-linked gains while protecting against downside market risk, and single premium immediate annuities, which provide guaranteed lifetime income.
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