Nomura Holdings Inc. Invests $378,000 in Brighthouse Financial, Inc. (NASDAQ:BHF)

Nomura Holdings Inc. bought a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,876 shares of the company's stock, valued at approximately $378,000.

Other institutional investors also recently modified their holdings of the company. Aster Capital Management DIFC Ltd lifted its position in Brighthouse Financial by 327.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company's stock valued at $44,000 after purchasing an additional 703 shares during the period. KBC Group NV raised its position in shares of Brighthouse Financial by 33.1% during the 4th quarter. KBC Group NV now owns 2,664 shares of the company's stock valued at $128,000 after acquiring an additional 663 shares during the last quarter. Dark Forest Capital Management LP acquired a new position in shares of Brighthouse Financial in the 4th quarter valued at $217,000. Guggenheim Capital LLC bought a new position in shares of Brighthouse Financial in the 4th quarter worth $227,000. Finally, Polymer Capital Management US LLC bought a new position in shares of Brighthouse Financial in the 4th quarter worth $233,000. 81.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BHF. Barclays increased their price target on shares of Brighthouse Financial from $75.00 to $76.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Raymond James raised shares of Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 price target for the company in a report on Tuesday, March 18th. Wells Fargo & Company dropped their price objective on Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Jefferies Financial Group lowered Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 target price on the stock. in a report on Monday, February 3rd. Finally, UBS Group set a $72.00 price objective on Brighthouse Financial in a research report on Tuesday, March 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $60.80.

Brighthouse Financial Stock Down 1.8%

Brighthouse Financial stock traded down $1.10 during midday trading on Wednesday, reaching $59.69. The stock had a trading volume of 76,991 shares, compared to its average volume of 575,300. Brighthouse Financial, Inc. has a 1-year low of $40.00 and a 1-year high of $64.12. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.92 and a current ratio of 0.93. The firm's fifty day simple moving average is $55.66 and its 200-day simple moving average is $54.06. The stock has a market capitalization of $3.43 billion, a P/E ratio of 11.57 and a beta of 0.96.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $4.17 earnings per share for the quarter, missing analysts' consensus estimates of $4.72 by ($0.55). Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period last year, the business posted $4.25 EPS. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. As a group, analysts expect that Brighthouse Financial, Inc. will post 20.32 EPS 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.