10,163 Shares in Brighthouse Financial, Inc. (NASDAQ:BHF) Acquired by Raiffeisen Bank International AG

Raiffeisen Bank International AG acquired a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,163 shares of the company's stock, valued at approximately $488,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Xponance Inc. raised its stake in Brighthouse Financial by 2.7% during the 4th quarter. Xponance Inc. now owns 6,860 shares of the company's stock valued at $330,000 after acquiring an additional 181 shares in the last quarter. Pinnacle Holdings LLC increased its holdings in shares of Brighthouse Financial by 0.4% during the fourth quarter. Pinnacle Holdings LLC now owns 46,297 shares of the company's stock valued at $2,224,000 after purchasing an additional 191 shares during the period. Amalgamated Bank raised its stake in shares of Brighthouse Financial by 0.8% during the fourth quarter. Amalgamated Bank now owns 28,345 shares of the company's stock valued at $1,362,000 after purchasing an additional 227 shares in the last quarter. Mariner LLC raised its stake in shares of Brighthouse Financial by 4.2% during the fourth quarter. Mariner LLC now owns 6,055 shares of the company's stock valued at $291,000 after purchasing an additional 242 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Brighthouse Financial by 0.5% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 72,872 shares of the company's stock worth $3,501,000 after purchasing an additional 388 shares during the period. 81.24% of the stock is owned by institutional investors.

Brighthouse Financial Price Performance

Shares of NASDAQ:BHF traded down $0.49 on Friday, reaching $58.28. 177,869 shares of the company traded hands, compared to its average volume of 572,443. The stock has a market capitalization of $3.35 billion, a PE ratio of 11.29 and a beta of 0.96. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.92. The company's 50 day moving average is $55.59 and its 200-day moving average is $53.86. Brighthouse Financial, Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $64.12.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last announced 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). Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period last year, the firm earned $4.25 earnings per share. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. As a group, analysts anticipate that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on BHF. Piper Sandler raised their target price on shares of Brighthouse Financial from $52.00 to $60.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Wells Fargo & Company dropped their target price on Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. UBS Group set a $72.00 target price on Brighthouse Financial in a research report on Tuesday, March 18th. Morgan Stanley lifted their price target on Brighthouse Financial from $41.00 to $45.00 and gave the company an "underweight" rating in a research report on Monday. Finally, Barclays boosted their price objective on Brighthouse Financial from $75.00 to $76.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Two analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Brighthouse Financial currently has a consensus rating of "Hold" and a consensus target price of $60.80.

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.