UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 195,895 shares of the company's stock after purchasing an additional 14,316 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.33% of Brighthouse Financial worth $9,411,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of BHF. Canada Pension Plan Investment Board raised its position in Brighthouse Financial by 187.3% during the fourth quarter. Canada Pension Plan Investment Board now owns 1,823,162 shares of the company's stock valued at $87,585,000 after acquiring an additional 1,188,685 shares in the last quarter. Victory Capital Management Inc. raised its position in Brighthouse Financial by 2,632.8% during the fourth quarter. Victory Capital Management Inc. now owns 884,162 shares of the company's stock valued at $42,475,000 after acquiring an additional 851,808 shares in the last quarter. Norges Bank purchased a new position in Brighthouse Financial during the fourth quarter valued at approximately $37,131,000. AQR Capital Management LLC raised its position in Brighthouse Financial by 156.9% during the fourth quarter. AQR Capital Management LLC now owns 656,464 shares of the company's stock valued at $31,537,000 after acquiring an additional 400,924 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Brighthouse Financial by 12.1% during the fourth quarter. American Century Companies Inc. now owns 1,682,076 shares of the company's stock valued at $80,807,000 after acquiring an additional 181,980 shares in the last quarter. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Vonda Huss sold 3,000 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $59.51, for a total value of $178,530.00. Following the sale, the executive vice president now owns 18,441 shares in the company, valued at approximately $1,097,423.91. The trade was a 13.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

BHF has been the subject of several recent research reports. UBS Group set a $72.00 price target on Brighthouse Financial in a research report on Tuesday, March 18th. Keefe, Bruyette & Woods boosted their price objective on Brighthouse Financial from $56.00 to $59.00 and gave the company a "market perform" rating in a research report on Tuesday, May 13th. Wells Fargo & Company cut their price objective on Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Piper Sandler boosted their price objective on Brighthouse Financial from $52.00 to $60.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Finally, Barclays boosted their price objective on Brighthouse Financial from $75.00 to $76.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $60.80.

Brighthouse Financial Trading Down 1.8%

NASDAQ BHF traded down $1.04 on Wednesday, reaching $58.08. 499,330 shares of the company were exchanged, compared to its average volume of 584,322. The business's fifty day moving average price is $55.69 and its 200 day moving average price is $54.35. The stock has a market capitalization of $3.33 billion, a P/E ratio of 11.26 and a beta of 0.96. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.63. 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 released its quarterly earnings data 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 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 posted $4.25 EPS. The business's quarterly revenue was up 6.1% on a year-over-year basis. Analysts forecast that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

About Brighthouse Financial

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.