Walleye Capital LLC purchased a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF – Get Rating) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 22,654 shares of the company’s stock, valued at approximately $1,170,000.
A number of other large investors also recently bought and sold shares of the stock. Nomura Holdings Inc. purchased a new position in Brighthouse Financial during the first quarter worth approximately $3,363,000. Point72 Hong Kong Ltd acquired a new stake in shares of Brighthouse Financial in the first quarter worth $199,000. Quantbot Technologies LP acquired a new stake in shares of Brighthouse Financial in the first quarter worth $151,000. HITE Hedge Asset Management LLC acquired a new stake in shares of Brighthouse Financial in the first quarter worth $1,846,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Brighthouse Financial by 55.6% in the first quarter. Goldman Sachs Group Inc. now owns 888,375 shares of the company’s stock worth $45,894,000 after acquiring an additional 317,322 shares in the last quarter. Hedge funds and other institutional investors own 81.38% of the company’s stock.
Brighthouse Financial Price Performance
Shares of BHF stock opened at $47.88 on Monday. The firm has a fifty day moving average of $46.00 and a two-hundred day moving average of $47.37. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.57 and a quick ratio of 0.57. Brighthouse Financial, Inc. has a 1-year low of $38.38 and a 1-year high of $62.33. The firm has a market cap of $3.44 billion, a P/E ratio of 1.88 and a beta of 1.30.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on BHF shares. TheStreet raised shares of Brighthouse Financial from a “c” rating to a “b-” rating in a research report on Monday, August 15th. Barclays increased their price objective on shares of Brighthouse Financial from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Monday, August 8th. Evercore ISI lowered their price target on shares of Brighthouse Financial from $57.00 to $52.00 and set an “in-line” rating for the company in a report on Wednesday, July 6th. Morgan Stanley raised their price target on shares of Brighthouse Financial from $54.00 to $58.00 and gave the company an “equal weight” rating in a report on Wednesday, August 17th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Brighthouse Financial from $59.00 to $50.00 in a report on Monday, July 11th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Brighthouse Financial has an average rating of “Hold” and a consensus target price of $55.10.
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 offers 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.
- Get a free copy of the StockNews.com research report on Brighthouse Financial (BHF)
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