AQR Capital Management LLC Sells 25,138 Shares of Brighthouse Financial, Inc. $BHF

AQR Capital Management LLC trimmed its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 3.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 631,326 shares of the company's stock after selling 25,138 shares during the quarter. AQR Capital Management LLC owned 1.09% of Brighthouse Financial worth $36,023,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc increased its position in shares of Brighthouse Financial by 188.0% during the first quarter. Versant Capital Management Inc now owns 622 shares of the company's stock valued at $36,000 after buying an additional 406 shares during the period. Brooklyn Investment Group increased its holdings in Brighthouse Financial by 42.0% during the 1st quarter. Brooklyn Investment Group now owns 764 shares of the company's stock worth $44,000 after acquiring an additional 226 shares during the period. UMB Bank n.a. increased its holdings in Brighthouse Financial by 101.7% during the 1st quarter. UMB Bank n.a. now owns 1,200 shares of the company's stock worth $70,000 after acquiring an additional 605 shares during the period. Siemens Fonds Invest GmbH bought a new position in shares of Brighthouse Financial in the fourth quarter worth $94,000. Finally, GAMMA Investing LLC increased its holdings in shares of Brighthouse Financial by 11.0% in the first 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. 81.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BHF. Piper Sandler decreased their price target on shares of Brighthouse Financial from $63.00 to $55.00 and set a "neutral" rating on the stock in a report on Thursday, July 3rd. Barclays lowered their price target on Brighthouse Financial from $70.00 to $65.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Keefe, Bruyette & Woods decreased their price objective on shares of Brighthouse Financial from $57.00 to $50.00 and set a "market perform" rating on the stock in a research report on Monday, August 11th. Wall Street Zen cut shares of Brighthouse Financial from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Finally, Morgan Stanley decreased their price objective on shares of Brighthouse Financial from $45.00 to $42.00 and set an "underweight" rating on the stock in a research report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $59.67.

Brighthouse Financial Price Performance

NASDAQ BHF traded up $0.66 on Friday, reaching $49.54. 210,071 shares of the company's stock traded hands, compared to its average volume of 849,093. The stock has a market cap of $2.83 billion, a PE ratio of 5.36 and a beta of 0.87. Brighthouse Financial, Inc. has a 12 month low of $42.07 and a 12 month high of $64.12. The stock has a 50-day simple moving average of $47.80 and a 200 day simple moving average of $53.28. 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 (NASDAQ:BHF - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $3.43 EPS for the quarter, missing the consensus estimate of $4.70 by ($1.27). Brighthouse Financial had a return on equity of 21.06% and a net margin of 10.24%.The business had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.21 billion. During the same period last year, the business posted $5.57 earnings per share. The company's revenue was down 2.8% compared to the same quarter last year. As a group, research analysts predict that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current 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.