AQR Capital Management LLC Buys 400,924 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

AQR Capital Management LLC raised its stake in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 156.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 656,464 shares of the company's stock after purchasing an additional 400,924 shares during the quarter. AQR Capital Management LLC owned about 1.11% of Brighthouse Financial worth $31,537,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Aster Capital Management DIFC Ltd lifted its position in Brighthouse Financial by 327.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company's stock worth $44,000 after purchasing an additional 703 shares during the period. KBC Group NV raised its position in shares of Brighthouse Financial by 33.1% during the fourth quarter. KBC Group NV now owns 2,664 shares of the company's stock worth $128,000 after purchasing an additional 663 shares during the period. Dark Forest Capital Management LP purchased a new stake in shares of Brighthouse Financial during the fourth quarter valued at $217,000. Guggenheim Capital LLC acquired a new stake in Brighthouse Financial during the 4th quarter worth about $227,000. Finally, Polymer Capital Management US LLC acquired a new position in Brighthouse Financial in the 4th quarter worth approximately $233,000. Hedge funds and other institutional investors own 81.24% of the company's stock.

Brighthouse Financial Stock Down 0.4 %

Shares of BHF stock traded down $0.21 during trading hours on Thursday, reaching $58.21. The company had a trading volume of 334,577 shares, compared to its average volume of 560,286. 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 business has a fifty day simple moving average of $54.53 and a 200-day simple moving average of $53.00. Brighthouse Financial, Inc. has a 12 month low of $40.00 and a 12 month high of $64.12. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 11.30 and a beta of 0.96.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share for the quarter, topping analysts' consensus estimates of $4.56 by $1.32. Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. On average, research analysts expect that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

BHF has been the topic of a number of research reports. Piper Sandler boosted their target price on shares of Brighthouse Financial from $52.00 to $60.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Wells Fargo & Company cut their price target on Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Raymond James raised Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 price target on the stock in a research note on Tuesday, March 18th. Keefe, Bruyette & Woods lifted their price target on Brighthouse Financial from $60.00 to $66.00 and gave the stock a "market perform" rating in a report on Tuesday, February 18th. Finally, UBS Group set a $72.00 target price on shares of Brighthouse Financial in a research note on Tuesday, March 18th. Two analysts have rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $62.00.

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.