Brighthouse Financial, Inc. $BHF Position Decreased by Invesco Ltd.

Key Points

• Invesco Ltd. reduced its stake in Brighthouse Financial by 6.3%, selling 18,081 shares, now holding approximately 0.47% of the company valued at $15.58 million.
• Multiple institutional investors have increased their positions in Brighthouse Financial, indicating strong interest in the stock, which is 81.24% owned by institutions and hedge funds.
• Analysts have set varied price targets for Brighthouse Financial, with the consensus price currently at $59.67, while the stock has an average rating of "Hold."

Invesco Ltd. decreased its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 268,645 shares of the company's stock after selling 18,081 shares during the period. Invesco Ltd. owned about 0.47% of Brighthouse Financial worth $15,579,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its stake in 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 purchasing an additional 406 shares during the last quarter. UMB Bank n.a. increased its stake in Brighthouse Financial by 101.7% during the first quarter. UMB Bank n.a. now owns 1,200 shares of the company's stock valued at $70,000 after purchasing an additional 605 shares during the last quarter. Siemens Fonds Invest GmbH bought a new stake in Brighthouse Financial during the fourth quarter valued at $94,000. GAMMA Investing LLC increased 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 valued at $118,000 after purchasing an additional 202 shares during the last quarter. Finally, Signaturefd LLC increased its stake in Brighthouse Financial by 15.0% during the first quarter. Signaturefd LLC now owns 3,138 shares of the company's stock valued at $182,000 after purchasing an additional 410 shares during the last quarter. Institutional investors own 81.24% of the company's stock.

Insiders Place Their Bets

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

Brighthouse Financial Price Performance

BHF stock traded down $0.17 during trading on Thursday, hitting $46.72. The company had a trading volume of 466,941 shares, compared to its average volume of 665,302. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 5.06 and a beta of 0.88. The business has a 50 day moving average of $49.48 and a 200 day moving average of $54.27. 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 current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55.

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

Analysts Set New Price Targets

Several analysts have weighed in on BHF shares. Wells Fargo & Company boosted 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 note on Thursday, July 10th. Barclays reduced their price target on shares of Brighthouse Financial from $70.00 to $65.00 and set an "overweight" rating for the company in a report on Friday, August 8th. JPMorgan Chase & Co. boosted their price target 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. Morgan Stanley reduced their price target on shares of Brighthouse Financial from $45.00 to $42.00 and set an "underweight" rating for the company in a report on Monday, July 14th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Brighthouse Financial from $57.00 to $50.00 and set a "market perform" rating for the company in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $59.67.

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.