Dimensional Fund Advisors LP Raises Holdings in Brighthouse Financial, Inc. (NASDAQ:BHF)

Dimensional Fund Advisors LP grew its position in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 0.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,402,041 shares of the company's stock after buying an additional 5,947 shares during the period. Dimensional Fund Advisors LP owned approximately 5.73% of Brighthouse Financial worth $163,435,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BHF. Xponance Inc. boosted its holdings in Brighthouse Financial by 2.7% in the fourth quarter. Xponance Inc. now owns 6,860 shares of the company's stock worth $330,000 after purchasing an additional 181 shares during the last quarter. Pinnacle Holdings LLC grew its holdings in shares of Brighthouse Financial by 0.4% in the fourth quarter. Pinnacle Holdings LLC now owns 46,297 shares of the company's stock worth $2,224,000 after acquiring an additional 191 shares during the period. Amalgamated Bank increased its position in Brighthouse Financial by 0.8% during the fourth quarter. Amalgamated Bank now owns 28,345 shares of the company's stock valued at $1,362,000 after acquiring an additional 227 shares during the last quarter. Mariner LLC lifted its holdings in Brighthouse Financial by 4.2% in the fourth quarter. Mariner LLC now owns 6,055 shares of the company's stock valued at $291,000 after acquiring an additional 242 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in Brighthouse Financial by 0.5% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 72,872 shares of the company's stock worth $3,501,000 after purchasing an additional 388 shares during the last quarter. Institutional investors own 81.24% of the company's stock.

Insiders Place Their Bets

In other Brighthouse Financial news, EVP John Rosenthal sold 10,000 shares of the business's stock in a transaction 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 owns 66,262 shares in the company, valued at $4,041,982. The trade was a 13.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.40% of the stock is currently owned by insiders.

Brighthouse Financial Price Performance

Shares of BHF stock traded up $1.58 on Wednesday, reaching $58.22. The company's stock had a trading volume of 1,387,473 shares, compared to its average volume of 558,231. The stock's fifty day simple moving average is $54.62 and its 200-day simple moving average is $52.65. Brighthouse Financial, Inc. has a 1 year low of $40.00 and a 1 year high of $64.12. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 11.28 and a beta of 0.91. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.63.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) 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 net margin of 8.21% and a return on equity of 26.94%. Analysts forecast that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on BHF. Morgan Stanley cut their price objective on Brighthouse Financial from $52.00 to $41.00 and set an "underweight" rating for the company in a research note on Thursday, April 10th. Wells Fargo & Company dropped their price target 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. JPMorgan Chase & Co. decreased their price objective on shares of Brighthouse Financial from $59.00 to $56.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 7th. Raymond James raised shares of Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 target price for the company in a report on Tuesday, March 18th. Finally, Jefferies Financial Group downgraded Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 price objective on the stock. in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Brighthouse Financial currently has an average rating of "Hold" and an average target price 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.