Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 35,815 Brighthouse Financial, Inc. (NASDAQ:BHF)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,815 shares of the company's stock, valued at approximately $1,721,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Brighthouse Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd lifted its stake in Brighthouse Financial by 327.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company's stock worth $44,000 after acquiring an additional 703 shares during the period. Siemens Fonds Invest GmbH purchased a new stake in Brighthouse Financial in the fourth quarter worth $94,000. KBC Group NV lifted its stake in Brighthouse Financial by 33.1% in the fourth quarter. KBC Group NV now owns 2,664 shares of the company's stock worth $128,000 after acquiring an additional 663 shares during the period. Dark Forest Capital Management LP purchased a new stake in Brighthouse Financial in the fourth quarter worth $217,000. Finally, Guggenheim Capital LLC purchased a new stake in Brighthouse Financial in the fourth quarter worth $227,000. Hedge funds and other institutional investors own 81.24% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Barclays raised their price target on Brighthouse Financial from $75.00 to $76.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Morgan Stanley raised their price target on Brighthouse Financial from $41.00 to $45.00 and gave the stock an "underweight" rating in a research note on Monday, May 19th. Piper Sandler increased their price objective on Brighthouse Financial from $52.00 to $60.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Raymond James upgraded Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 price objective for the company in a report on Tuesday, March 18th. Finally, UBS Group set a $72.00 price objective on Brighthouse Financial in a report on Tuesday, March 18th. Two 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, the stock has a consensus rating of "Hold" and an average price target of $60.80.

Brighthouse Financial Stock Performance

NASDAQ:BHF traded up $1.23 on Friday, hitting $59.31. The stock had a trading volume of 363,528 shares, compared to its average volume of 584,929. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 11.49 and a beta of 0.96. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.63. The business's 50-day simple moving average is $55.72 and its two-hundred day simple moving average is $54.46. Brighthouse Financial, Inc. has a 52-week low of $40.00 and a 52-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 the consensus estimate of $4.72 by ($0.55). Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. The firm had revenue of $2.16 billion during the quarter, compared to analysts' expectations of $2.29 billion. During the same period in the previous year, the business posted $4.25 earnings per share. The company's revenue for the quarter was up 6.1% 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 year.

Insider Buying and Selling

In related news, EVP Vonda Huss sold 3,000 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 18,441 shares of the company's stock, valued at approximately $1,097,423.91. The trade was a 13.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is owned by insiders.

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.