Amundi Has $7.21 Million Stock Holdings in Brighthouse Financial, Inc. (NASDAQ:BHF)

Amundi reduced its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 151,029 shares of the company’s stock after selling 1,668 shares during the period. Amundi owned about 0.25% of Brighthouse Financial worth $7,212,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp lifted its holdings in Brighthouse Financial by 2.2% during the 3rd quarter. State Street Corp now owns 2,314,905 shares of the company’s stock worth $104,240,000 after buying an additional 50,441 shares during the period. Institute for Wealth Management LLC. bought a new stake in Brighthouse Financial in the fourth quarter valued at approximately $287,000. Bank of New York Mellon Corp increased its position in Brighthouse Financial by 1.8% during the 4th 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 during the period. SG Americas Securities LLC bought a new position in Brighthouse Financial during the 4th quarter worth approximately $312,000. Finally, Range Financial Group LLC acquired a new position in shares of Brighthouse Financial in the 4th quarter worth approximately $826,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

Brighthouse Financial Trading Up 4.3 %

NASDAQ BHF opened at $55.60 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.63. Brighthouse Financial, Inc. has a 52 week low of $40.00 and a 52 week high of $64.12. The business has a 50 day moving average price of $55.50 and a 200-day moving average price of $50.35. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 10.78 and a beta of 1.11.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings data 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 return on equity of 26.94% and a net margin of 8.21%. As a group, equities analysts expect that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

Insider Transactions at Brighthouse Financial

In other news, EVP John Rosenthal sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $61.00, for a total value of $610,000.00. Following the transaction, the executive vice president now owns 66,262 shares in the company, valued at $4,041,982. The trade was a 13.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BHF shares. Piper Sandler lifted their target price on shares of Brighthouse Financial from $52.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. dropped their price objective on 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 Brighthouse Financial from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $52.00 to $85.00 in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods boosted their price target on Brighthouse Financial from $60.00 to $66.00 and gave the company a “market perform” rating in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group downgraded shares of Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 price objective for the company. in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Brighthouse Financial presently has a consensus rating of “Hold” and a consensus target price of $61.75.

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.