Victory Capital Management Inc. Purchases 28,080 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

Victory Capital Management Inc. increased its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 3.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 912,242 shares of the company's stock after purchasing an additional 28,080 shares during the period. Victory Capital Management Inc. owned 1.57% of Brighthouse Financial worth $52,901,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Xponance Inc. boosted its stake in Brighthouse Financial by 2.7% during the fourth quarter. Xponance Inc. now owns 6,860 shares of the company's stock worth $330,000 after buying an additional 181 shares during the period. Pinnacle Holdings LLC boosted its stake in Brighthouse Financial by 0.4% during the fourth quarter. Pinnacle Holdings LLC now owns 46,297 shares of the company's stock worth $2,224,000 after buying an additional 191 shares during the period. GAMMA Investing LLC boosted its stake in Brighthouse Financial by 11.0% during the first quarter. GAMMA Investing LLC now owns 2,035 shares of the company's stock worth $118,000 after buying an additional 202 shares during the period. Mariner LLC boosted its stake in Brighthouse Financial by 4.2% during the fourth quarter. Mariner LLC now owns 6,055 shares of the company's stock worth $291,000 after buying an additional 242 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Brighthouse Financial by 0.5% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 72,872 shares of the company's stock valued at $3,501,000 after purchasing an additional 388 shares during the period. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on BHF shares. Piper Sandler lowered their price objective on shares of Brighthouse Financial from $63.00 to $55.00 and set a "neutral" rating for the company in a research note on Thursday, July 3rd. Wells Fargo & Company boosted their price objective on shares of Brighthouse Financial from $53.00 to $54.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. lifted their target price on shares of Brighthouse Financial from $56.00 to $63.00 and gave the company an "underweight" rating in a report on Tuesday, July 8th. Keefe, Bruyette & Woods boosted their price objective on shares of Brighthouse Financial from $56.00 to $59.00 and gave the company a "market perform" rating in a research note on Tuesday, May 13th. Finally, Barclays dropped their price objective on shares of Brighthouse Financial from $76.00 to $70.00 and set an "overweight" rating on the stock in a research note on Monday, July 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Brighthouse Financial presently has an average rating of "Hold" and an average price target of $60.30.

Insider Buying and Selling at Brighthouse Financial

In related news, EVP Vonda Huss sold 3,000 shares of Brighthouse Financial stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $59.51, for a total transaction of $178,530.00. Following the transaction, the executive vice president directly owned 18,441 shares of the company's stock, valued at $1,097,423.91. The trade was 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 at the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Brighthouse Financial Stock Up 1.4%

Shares of BHF stock traded up $0.71 during mid-day trading on Tuesday, reaching $50.47. 771,227 shares of the company were exchanged, compared to its average volume of 641,156. 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 debt-to-equity ratio of 0.59, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $2.90 billion, a P/E ratio of 6.05 and a beta of 0.88. The business's 50 day simple moving average is $56.27 and its 200 day simple moving average is $55.48.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $4.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.72 by ($0.55). The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.29 billion. Brighthouse Financial had a net margin of 8.71% and a return on equity of 25.60%. The business's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.25 earnings per share. Research analysts predict that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

Brighthouse Financial Company 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.