Victory Capital Management Inc. Has $52.90 Million Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

Victory Capital Management Inc. increased its stake 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 filing with the Securities & 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of BHF. Proficio Capital Partners LLC acquired a new stake in Brighthouse Financial in the 4th quarter valued at about $826,000. Raymond James Financial Inc. acquired a new stake in shares of Brighthouse Financial during the 4th quarter worth approximately $384,000. Corient Private Wealth LLC increased its holdings in shares of Brighthouse Financial by 6.6% during the 4th quarter. Corient Private Wealth LLC now owns 11,895 shares of the company's stock worth $571,000 after buying an additional 738 shares during the last quarter. Xponance Inc. increased its holdings in shares of Brighthouse Financial by 2.7% during the 4th quarter. Xponance Inc. now owns 6,860 shares of the company's stock worth $330,000 after buying an additional 181 shares during the last quarter. Finally, Vinva Investment Management Ltd increased its holdings in shares of Brighthouse Financial by 88.6% during the 4th quarter. Vinva Investment Management Ltd now owns 15,100 shares of the company's stock worth $725,000 after buying an additional 7,094 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company's stock.

Insider Buying and Selling

In other news, EVP Vonda Huss sold 3,000 shares of Brighthouse Financial stock in a transaction that occurred 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 transaction, the executive vice president owned 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.40% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on BHF shares. Morgan Stanley cut their target price on Brighthouse Financial from $45.00 to $42.00 and set an "underweight" rating on the stock in a research report on Monday, July 14th. Keefe, Bruyette & Woods lifted 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. JPMorgan Chase & Co. lifted their price objective on shares of Brighthouse Financial from $56.00 to $63.00 and gave the company an "underweight" rating in a research note on Tuesday, July 8th. Wall Street Zen downgraded shares of Brighthouse Financial from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Finally, Barclays cut their price objective on shares of Brighthouse Financial from $76.00 to $70.00 and set an "overweight" rating for the company in a research report on Monday, July 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Brighthouse Financial currently has an average rating of "Hold" and a consensus target price of $60.30.

Brighthouse Financial Stock Down 0.5%

NASDAQ BHF traded down $0.25 during trading hours on Friday, reaching $50.84. 736,807 shares of the company traded hands, compared to its average volume of 639,343. Brighthouse Financial, Inc. has a 12 month low of $40.00 and a 12 month high of $64.12. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $2.92 billion, a PE ratio of 6.10 and a beta of 0.88. The company has a 50 day moving average of $56.27 and a two-hundred day moving average of $55.43.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last posted its quarterly 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). Brighthouse Financial had a return on equity of 25.60% and a net margin of 8.71%. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the previous year, the business posted $4.25 earnings per share. The company's quarterly revenue was up 6.1% compared to the same quarter last year. As a group, equities analysts expect that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current 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.