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

Victory Capital Management Inc. boosted its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 2,632.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 884,162 shares of the company’s stock after buying an additional 851,808 shares during the quarter. Victory Capital Management Inc. owned approximately 1.49% of Brighthouse Financial worth $42,475,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in Brighthouse Financial by 2.2% during the third quarter. State Street Corp now owns 2,314,905 shares of the company’s stock valued at $104,240,000 after purchasing an additional 50,441 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Brighthouse Financial by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,091,462 shares of the company’s stock valued at $49,160,000 after purchasing an additional 8,004 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Brighthouse Financial by 1.8% during the fourth 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 in the last quarter. Two Sigma Advisers LP lifted its holdings in Brighthouse Financial by 12.6% during the third quarter. Two Sigma Advisers LP now owns 320,700 shares of the company’s stock valued at $14,441,000 after purchasing an additional 35,800 shares in the last quarter. Finally, Algert Global LLC lifted its holdings in Brighthouse Financial by 9.3% during the third quarter. Algert Global LLC now owns 222,504 shares of the company’s stock valued at $10,019,000 after purchasing an additional 19,022 shares in the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

Insiders Place Their Bets

In other Brighthouse Financial news, EVP John Rosenthal sold 10,000 shares of Brighthouse Financial stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $61.00, for a total transaction of $610,000.00. Following the completion of the sale, the executive vice president now directly owns 66,262 shares in the company, valued at $4,041,982. This trade represents a 13.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

BHF has been the topic of several recent analyst reports. Piper Sandler increased their price objective on shares of Brighthouse Financial from $52.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. decreased their price target on shares of Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 7th. Barclays raised shares of Brighthouse Financial from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $52.00 to $85.00 in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods raised their price target on shares of Brighthouse Financial from $60.00 to $66.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company raised shares of Brighthouse Financial from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $41.00 to $59.00 in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a 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 $63.14.

Brighthouse Financial Price Performance

Shares of BHF stock opened at $54.21 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.92. The firm’s 50-day moving average is $54.97 and its two-hundred day moving average is $50.05. Brighthouse Financial, Inc. has a 12 month low of $40.00 and a 12 month high of $64.12. The company has a market capitalization of $3.15 billion, a PE ratio of 10.51 and a beta of 1.11.

Brighthouse Financial (NASDAQ:BHF) last issued its earnings results on Tuesday, February 11th. The company reported $5.88 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%. Analysts predict that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current 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.