Deutsche Bank AG Raises Stock Holdings in Brighthouse Financial, Inc. $BHF

Deutsche Bank AG increased its position in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 10.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,263 shares of the company's stock after purchasing an additional 7,273 shares during the period. Deutsche Bank AG owned approximately 0.13% of Brighthouse Financial worth $4,365,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Versant Capital Management Inc lifted its holdings 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 in the last quarter. UMB Bank n.a. lifted its stake in Brighthouse Financial by 101.7% during the 1st quarter. UMB Bank n.a. now owns 1,200 shares of the company's stock valued at $70,000 after acquiring an additional 605 shares in the last quarter. Siemens Fonds Invest GmbH bought a new position in Brighthouse Financial during the 4th quarter valued at $94,000. GAMMA Investing LLC lifted its stake in Brighthouse Financial by 11.0% during the 1st quarter. GAMMA Investing LLC now owns 2,035 shares of the company's stock valued at $118,000 after acquiring an additional 202 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in Brighthouse Financial by 15.0% during the 1st quarter. Signaturefd LLC now owns 3,138 shares of the company's stock valued at $182,000 after acquiring an additional 410 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Brighthouse Financial

In other news, EVP Vonda Huss sold 3,000 shares of the company's 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 sale, the executive vice president directly 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 sale was disclosed in a filing with the SEC, which is available at this link. 1.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on BHF. JPMorgan Chase & Co. raised their price objective on Brighthouse Financial from $56.00 to $63.00 and gave the company an "underweight" rating in a research note on Tuesday, July 8th. Barclays dropped their price objective on Brighthouse Financial from $70.00 to $65.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Morgan Stanley dropped their price objective on Brighthouse Financial from $45.00 to $42.00 and set an "underweight" rating on the stock in a research note on Monday, July 14th. Wells Fargo & Company boosted their price target on shares of Brighthouse Financial from $53.00 to $54.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Brighthouse Financial from $57.00 to $50.00 and set a "market perform" rating on the stock in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $59.67.

Brighthouse Financial Stock Performance

Brighthouse Financial stock traded up $1.13 during midday trading on Friday, reaching $47.55. The stock had a trading volume of 112,229 shares, compared to its average volume of 842,176. Brighthouse Financial, Inc. has a 12 month low of $40.00 and a 12 month high of $64.12. The firm's 50-day moving average price is $50.62 and its 200 day moving average price is $54.70. The firm has a market capitalization of $2.72 billion, a PE ratio of 5.15 and a beta of 0.88. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the prior year, the firm posted $5.57 earnings per share. The company's revenue was down 2.8% on a year-over-year basis. As a group, research analysts predict that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal 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.