Barclays PLC Increases Holdings in Brighthouse Financial, Inc. (NASDAQ:BHF)

Barclays PLC raised its position in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 220.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,153 shares of the company's stock after buying an additional 73,724 shares during the quarter. Barclays PLC owned approximately 0.18% of Brighthouse Financial worth $5,148,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of BHF. Institute for Wealth Management LLC. acquired a new stake in Brighthouse Financial during the 4th quarter worth approximately $287,000. Bank of New York Mellon Corp grew its position in Brighthouse Financial by 1.8% in 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 buying an additional 9,500 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Brighthouse Financial in the 4th quarter valued at $384,000. SG Americas Securities LLC purchased a new position in Brighthouse Financial during the 4th quarter worth $312,000. Finally, Range Financial Group LLC acquired a new stake in shares of Brighthouse Financial in the 4th quarter worth $826,000. 81.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BHF. Piper Sandler increased their price target on shares of Brighthouse Financial from $52.00 to $60.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Barclays raised Brighthouse Financial from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $52.00 to $85.00 in a report on Wednesday, January 29th. UBS Group set a $72.00 target price on shares of Brighthouse Financial in a research report on Tuesday, March 18th. Raymond James raised shares of Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 price objective on the stock in a report on Tuesday, March 18th. Finally, Morgan Stanley decreased their price target on Brighthouse Financial from $52.00 to $41.00 and set an "underweight" rating on the stock in a research note on Thursday, April 10th. Two research 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $62.00.

Brighthouse Financial Trading Up 2.8 %

Shares of BHF traded up $1.58 on Wednesday, hitting $58.22. 1,387,473 shares of the stock traded hands, compared to its average volume of 557,284. The stock's 50 day moving average is $54.64 and its two-hundred day moving average is $52.61. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $3.38 billion, a P/E ratio of 11.28 and a beta of 0.91. Brighthouse Financial, Inc. has a 1 year low of $40.00 and a 1 year high of $64.12.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $5.88 EPS for the quarter, beating the consensus estimate 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, sell-side analysts predict that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

Insider Buying and Selling

In other Brighthouse Financial news, EVP John Rosenthal sold 10,000 shares of Brighthouse Financial stock in a transaction on Friday, January 31st. The shares were 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. This trade represents a 13.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.40% of the company's stock.

Brighthouse Financial 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.