Brighthouse Financial, Inc. (NASDAQ:BHF) Stock Holdings Lessened by Algert Global LLC

Algert Global LLC trimmed its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 4.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 213,210 shares of the company's stock after selling 9,294 shares during the period. Algert Global LLC owned 0.36% of Brighthouse Financial worth $10,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in BHF. Schonfeld Strategic Advisors LLC boosted its stake in Brighthouse Financial by 19.4% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 15,524 shares of the company's stock valued at $746,000 after acquiring an additional 2,519 shares in the last quarter. AQR Capital Management LLC increased its position in Brighthouse Financial by 156.9% during the fourth quarter. AQR Capital Management LLC now owns 656,464 shares of the company's stock worth $31,537,000 after buying an additional 400,924 shares during the period. Northern Trust Corp boosted its holdings in shares of Brighthouse Financial by 4.1% in the fourth quarter. Northern Trust Corp now owns 678,920 shares of the company's stock valued at $32,615,000 after acquiring an additional 26,813 shares during the period. Two Sigma Securities LLC acquired a new position in shares of Brighthouse Financial in the 4th quarter valued at $282,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in Brighthouse Financial by 6.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,012 shares of the company's stock worth $1,875,000 after purchasing an additional 2,290 shares during the period. Hedge funds and other institutional investors own 81.24% of the company's stock.

Analysts Set New Price Targets

BHF has been the subject of several recent research reports. UBS Group set a $72.00 target price on shares of Brighthouse Financial in a research note on Tuesday, March 18th. Wells Fargo & Company cut their target price on shares of Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Morgan Stanley dropped their price objective on shares of Brighthouse Financial from $52.00 to $41.00 and set an "underweight" rating for the company in a research note on Thursday, April 10th. Raymond James upgraded Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 price objective for the company in a research report on Tuesday, March 18th. Finally, Piper Sandler upped their price objective on Brighthouse Financial from $52.00 to $60.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $61.10.

Brighthouse Financial Stock Up 2.2 %

BHF traded up $1.29 during trading hours on Friday, reaching $59.18. 841,997 shares of the stock traded hands, compared to its average volume of 561,097. Brighthouse Financial, Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $64.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.92. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 11.47 and a beta of 0.96. The firm's fifty day simple moving average is $54.53 and its two-hundred day simple moving average is $53.06.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $4.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.79 by ($0.62). Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. Brighthouse Financial's revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the business earned $4.25 EPS. As a group, analysts forecast that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

About Brighthouse Financial

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.