35,262 Shares in Brighthouse Financial, Inc. (NASDAQ:BHF) Acquired by Wellington Management Group LLP

Wellington Management Group LLP bought a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 35,262 shares of the company's stock, valued at approximately $1,694,000. Wellington Management Group LLP owned about 0.06% of Brighthouse Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of BHF. Aster Capital Management DIFC Ltd boosted its position in Brighthouse Financial by 327.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company's stock worth $44,000 after acquiring an additional 703 shares during the last quarter. Siemens Fonds Invest GmbH acquired a new position in shares of Brighthouse Financial in the 4th quarter valued at $94,000. KBC Group NV boosted its holdings in shares of Brighthouse Financial by 33.1% in the 4th quarter. KBC Group NV now owns 2,664 shares of the company's stock valued at $128,000 after purchasing an additional 663 shares during the last quarter. Dark Forest Capital Management LP acquired a new position in shares of Brighthouse Financial in the 4th quarter valued at $217,000. Finally, Guggenheim Capital LLC acquired a new position in shares of Brighthouse Financial in the 4th quarter valued at $227,000. Institutional investors and hedge funds own 81.24% of the company's stock.

Insider Activity at Brighthouse Financial

In related news, EVP Vonda Huss sold 3,000 shares of Brighthouse Financial stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $59.51, for a total transaction of $178,530.00. Following the sale, the executive vice president now owns 18,441 shares of the company's stock, valued at $1,097,423.91. The trade was a 13.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BHF. Wells Fargo & Company decreased their price target on shares of Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Barclays lifted their price target on shares of Brighthouse Financial from $75.00 to $76.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Keefe, Bruyette & Woods lifted their price target on shares of Brighthouse Financial from $56.00 to $59.00 and gave the company a "market perform" rating in a report on Tuesday, May 13th. Raymond James upgraded shares of Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 price target on the stock in a report on Tuesday, March 18th. Finally, UBS Group set a $72.00 price target on shares of Brighthouse Financial in a report on Tuesday, March 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $60.80.

Brighthouse Financial Stock Performance

NASDAQ:BHF opened at $58.08 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 11.26 and a beta of 0.96. The firm's fifty day simple moving average is $55.70 and its 200 day simple moving average is $54.40. Brighthouse Financial, Inc. has a twelve month low of $40.00 and a twelve month high of $64.12.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $4.17 earnings per share for the quarter, missing the consensus estimate of $4.72 by ($0.55). The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.29 billion. Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. The business's revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.25 EPS. As a group, equities research analysts expect 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.

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