Brighthouse Financial, Inc. $BHF Shares Purchased by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its holdings in Brighthouse Financial by 9.3% during the first quarter, now owning 1,838,020 shares valued at approximately $106.59 million.
• Brighthouse Financial reported earnings per share of $3.43, missing the consensus estimate of $4.70, with a revenue decline of 2.8% year-over-year.
• Institutional investors hold 81.24% of Brighthouse Financial's stock, indicating strong hedge fund interest in the company.

American Century Companies Inc. lifted its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 9.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,838,020 shares of the company's stock after purchasing an additional 155,944 shares during the period. American Century Companies Inc. owned about 3.19% of Brighthouse Financial worth $106,587,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc lifted its position in shares of Brighthouse Financial by 188.0% in the 1st quarter. Versant Capital Management Inc now owns 622 shares of the company's stock worth $36,000 after purchasing an additional 406 shares during the period. UMB Bank n.a. lifted its position in shares of Brighthouse Financial by 101.7% in the 1st quarter. UMB Bank n.a. now owns 1,200 shares of the company's stock worth $70,000 after purchasing an additional 605 shares during the period. Siemens Fonds Invest GmbH purchased a new stake in shares of Brighthouse Financial in the 4th quarter worth approximately $94,000. GAMMA Investing LLC lifted its position in shares of Brighthouse Financial by 11.0% in the 1st quarter. GAMMA Investing LLC now owns 2,035 shares of the company's stock worth $118,000 after purchasing an additional 202 shares during the period. Finally, Signaturefd LLC lifted its position in shares of Brighthouse Financial by 15.0% in the 1st quarter. Signaturefd LLC now owns 3,138 shares of the company's stock worth $182,000 after purchasing an additional 410 shares during the period. Hedge funds and other institutional investors own 81.24% of the company's stock.

Analyst Upgrades and Downgrades

BHF has been the subject of a number of analyst reports. Barclays decreased their target price on shares of Brighthouse Financial from $70.00 to $65.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Keefe, Bruyette & Woods decreased their target price on shares of Brighthouse Financial from $57.00 to $50.00 and set a "market perform" rating for the company in a research report on Monday, August 11th. Piper Sandler decreased their target price on shares of Brighthouse Financial from $63.00 to $55.00 and set a "neutral" rating for the company in a research report on Thursday, July 3rd. Morgan Stanley decreased their target price on shares of Brighthouse Financial from $45.00 to $42.00 and set an "underweight" rating for the company in a research report on Monday, July 14th. Finally, Wells Fargo & Company increased their target price on shares of Brighthouse Financial from $53.00 to $54.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Brighthouse Financial presently has a consensus rating of "Hold" and a consensus price target of $59.67.

Insider Buying and Selling at Brighthouse Financial

In other news, EVP Vonda Huss sold 3,000 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $59.51, for a total value of $178,530.00. Following the sale, the executive vice president owned 18,441 shares in the company, valued at $1,097,423.91. This represents a 13.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by insiders.

Brighthouse Financial Stock Performance

Brighthouse Financial stock traded up $0.9740 during mid-day trading on Friday, reaching $47.3940. 161,085 shares of the company traded hands, compared to its average volume of 842,544. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93. 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 market capitalization of $2.71 billion, a price-to-earnings ratio of 5.13 and a beta of 0.88. The firm's fifty day moving average is $50.62 and its two-hundred day moving average is $54.70.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $3.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.70 by ($1.27). Brighthouse Financial had a net margin of 10.24% and a return on equity of 21.06%. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the previous year, the company posted $5.57 EPS. The company's revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities research analysts expect that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

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.