Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lifted its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 72.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,079 shares of the company’s stock after buying an additional 6,355 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Brighthouse Financial were worth $798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. increased its holdings in shares of Brighthouse Financial by 21.8% during the 3rd quarter. American Century Companies Inc. now owns 667,411 shares of the company’s stock worth $32,663,000 after buying an additional 119,345 shares during the last quarter. Richard Bernstein Advisors LLC purchased a new position in shares of Brighthouse Financial during the 3rd quarter worth approximately $2,819,000. Lazard Asset Management LLC boosted its position in shares of Brighthouse Financial by 80.5% during the 3rd quarter. Lazard Asset Management LLC now owns 315,763 shares of the company’s stock worth $15,452,000 after purchasing an additional 140,796 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in shares of Brighthouse Financial during the 3rd quarter worth approximately $1,165,000. Finally, Acadian Asset Management LLC boosted its position in shares of Brighthouse Financial by 2,974.7% during the 3rd quarter. Acadian Asset Management LLC now owns 11,069 shares of the company’s stock worth $540,000 after purchasing an additional 10,709 shares during the period. Institutional investors and hedge funds own 81.24% of the company’s stock.

Brighthouse Financial Stock Performance

Shares of BHF stock opened at $44.64 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.74. Brighthouse Financial, Inc. has a 52 week low of $39.62 and a 52 week high of $56.24. The stock has a market capitalization of $2.77 billion, a PE ratio of -2.34 and a beta of 1.14. The firm has a 50 day moving average of $48.48 and a two-hundred day moving average of $49.87.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data on Tuesday, May 7th. The company reported $4.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.29. The business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Brighthouse Financial had a negative net margin of 38.05% and a positive return on equity of 23.49%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.86 EPS. On average, research analysts predict that Brighthouse Financial, Inc. will post 16.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on BHF shares. Wells Fargo & Company lowered their price objective on shares of Brighthouse Financial from $51.00 to $50.00 and set an “equal weight” rating for the company in a research report on Friday, May 10th. Morgan Stanley cut shares of Brighthouse Financial from an “equal weight” rating to an “underweight” rating and set a $52.00 price objective for the company. in a research report on Friday, February 23rd. Piper Sandler lowered their price objective on shares of Brighthouse Financial from $55.00 to $50.00 and set a “neutral” rating for the company in a research report on Friday, May 10th. Finally, Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $50.00 price objective on shares of Brighthouse Financial in a research report on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, Brighthouse Financial presently has an average rating of “Hold” and an average target price of $50.29.

Insider Transactions at Brighthouse Financial

In related news, CEO Eric T. Steigerwalt sold 25,000 shares of Brighthouse Financial stock in a transaction on Monday, February 26th. The shares were sold at an average price of $46.96, for a total transaction of $1,174,000.00. Following the sale, the chief executive officer now directly owns 390,765 shares in the company, valued at approximately $18,350,324.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Eric T. Steigerwalt sold 25,000 shares of Brighthouse Financial stock in a transaction on Monday, February 26th. The shares were sold at an average price of $46.96, for a total transaction of $1,174,000.00. Following the sale, the chief executive officer now directly owns 390,765 shares in the company, valued at approximately $18,350,324.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Vonda Huss sold 10,000 shares of Brighthouse Financial stock in a transaction on Monday, February 26th. The shares were sold at an average price of $46.85, for a total transaction of $468,500.00. Following the completion of the transaction, the executive vice president now owns 27,080 shares in the company, valued at $1,268,698. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

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.