Stifel Financial Corp bought a new position in shares of Brighthouse Financial (NASDAQ:BHF) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 28,334 shares of the company’s stock, valued at approximately $1,426,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Prudential Financial Inc. acquired a new stake in Brighthouse Financial during the first quarter worth approximately $5,493,000. Aperio Group LLC bought a new position in Brighthouse Financial in the first quarter worth approximately $3,819,000. Fruth Investment Management bought a new position in Brighthouse Financial in the first quarter worth approximately $1,227,000. Busey Trust CO bought a new position in Brighthouse Financial in the first quarter worth approximately $6,052,000. Finally, Robeco Institutional Asset Management B.V. bought a new position in Brighthouse Financial in the first quarter worth approximately $987,000. 86.66% of the stock is owned by institutional investors and hedge funds.
Brighthouse Financial opened at $43.23 on Tuesday, Marketbeat reports. Brighthouse Financial has a twelve month low of $43.11 and a twelve month high of $75.00. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.26.
Several research analysts have issued reports on BHF shares. Zacks Investment Research lowered Brighthouse Financial from a “hold” rating to a “sell” rating in a report on Tuesday, March 20th. Credit Suisse Group started coverage on Brighthouse Financial in a report on Wednesday, April 25th. They issued an “underperform” rating and a $44.00 price target on the stock. Sandler O’Neill set a $53.00 price target on Brighthouse Financial and gave the stock a “hold” rating in a report on Monday, April 2nd. BidaskClub lowered Brighthouse Financial from a “sell” rating to a “strong sell” rating in a report on Saturday, May 12th. Finally, Wells Fargo & Co set a $59.00 price target on Brighthouse Financial and gave the stock a “hold” rating in a report on Friday, March 23rd. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $62.66.
About Brighthouse Financial
Brighthouse Financial, Inc provides a range of annuity and life insurance products in the United States. The company operates through three segments: Annuities, Life, and Run-off. It 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; and term, whole, universal, and variable life insurance products for policyholders' needs for financial security and protected wealth transfer.
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