Wealthfront Advisers LLC Acquires Shares of 30,755 Brighthouse Financial, Inc. (NASDAQ:BHF)

Wealthfront Advisers LLC bought a new position in Brighthouse Financial, Inc. (NASDAQ:BHF) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 30,755 shares of the company’s stock, valued at approximately $1,477,000. Wealthfront Advisers LLC owned approximately 0.05% of Brighthouse Financial at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in BHF. Amalgamated Bank lifted its holdings in Brighthouse Financial by 0.8% in the fourth quarter. Amalgamated Bank now owns 28,345 shares of the company’s stock worth $1,362,000 after acquiring an additional 227 shares during the last quarter. Lecap Asset Management Ltd. boosted its holdings in shares of Brighthouse Financial by 9.1% during the fourth quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company’s stock valued at $251,000 after acquiring an additional 436 shares during the period. KBC Group NV grew its position in shares of Brighthouse Financial by 30.2% during the third quarter. KBC Group NV now owns 2,001 shares of the company’s stock worth $90,000 after acquiring an additional 464 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Brighthouse Financial by 989.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 621 shares of the company’s stock worth $28,000 after acquiring an additional 564 shares during the period. Finally, Independent Advisor Alliance lifted its position in Brighthouse Financial by 3.0% in the 4th quarter. Independent Advisor Alliance now owns 57,831 shares of the company’s stock valued at $2,778,000 after purchasing an additional 1,694 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Brighthouse Financial

In other Brighthouse Financial news, EVP John Rosenthal sold 10,000 shares of Brighthouse Financial stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $61.00, for a total transaction of $610,000.00. Following the transaction, the executive vice president now directly owns 66,262 shares in the company, valued at approximately $4,041,982. The trade was a 13.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

Brighthouse Financial Trading Up 4.3 %

Shares of NASDAQ:BHF opened at $55.60 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.92 and a current ratio of 0.93. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 10.78 and a beta of 1.11. Brighthouse Financial, Inc. has a 1-year low of $40.00 and a 1-year high of $64.12. The company has a 50 day moving average price of $55.50 and a 200 day moving average price of $50.35.

Brighthouse Financial (NASDAQ:BHF) last issued its earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share (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%. On average, research analysts anticipate that Brighthouse Financial, Inc. will post 20.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Morgan Stanley set a $52.00 price target on Brighthouse Financial in a research report on Friday, February 28th. Piper Sandler increased their target price on shares of Brighthouse Financial from $52.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Barclays upgraded shares of Brighthouse Financial from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $52.00 to $85.00 in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods increased their price objective on shares of Brighthouse Financial from $60.00 to $66.00 and gave the company a “market perform” rating in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. dropped their target price on Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating on the stock in a report on Tuesday, January 7th. One 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’s stock. According to data from MarketBeat.com, Brighthouse Financial currently has a consensus rating of “Hold” and a consensus price target 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.