Wealth Enhancement Advisory Services LLC Invests $1.80 Million in Brighthouse Financial, Inc. (NASDAQ:BHF)

Wealth Enhancement Advisory Services LLC acquired a new position in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 37,398 shares of the company's stock, valued at approximately $1,797,000. Wealth Enhancement Advisory Services LLC owned approximately 0.06% of Brighthouse Financial as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd grew its position in Brighthouse Financial by 327.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company's stock worth $44,000 after purchasing an additional 703 shares in the last quarter. Siemens Fonds Invest GmbH bought a new position in shares of Brighthouse Financial during the 4th quarter valued at approximately $94,000. KBC Group NV grew 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 period. Dark Forest Capital Management LP bought a new position in shares of Brighthouse Financial during the 4th quarter valued at approximately $217,000. Finally, Guggenheim Capital LLC bought a new position in shares of Brighthouse Financial during the 4th quarter valued at approximately $227,000. 81.24% of the stock is owned by institutional investors.

Insider Activity at Brighthouse Financial

In other Brighthouse Financial news, EVP Vonda Huss sold 3,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $59.51, for a total value of $178,530.00. Following the sale, the executive vice president now directly owns 18,441 shares in the company, valued at $1,097,423.91. This represents a 13.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Brighthouse Financial Stock Performance

Shares of BHF stock traded up $1.23 during trading on Friday, reaching $59.31. 363,528 shares of the company's stock traded hands, compared to its average volume of 586,277. The company has a market capitalization of $3.40 billion, a P/E ratio of 11.49 and a beta of 0.92. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.63. The firm's 50-day moving average is $55.72 and its 200 day moving average is $54.49. Brighthouse Financial, Inc. has a 1 year low of $40.00 and a 1 year high of $64.12.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BHF. Piper Sandler increased their target price on shares of Brighthouse Financial from $52.00 to $60.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Keefe, Bruyette & Woods increased their target price on shares of Brighthouse Financial from $56.00 to $59.00 and gave the company a "market perform" rating in a research report on Tuesday, May 13th. Morgan Stanley increased their target price on shares of Brighthouse Financial from $41.00 to $45.00 and gave the company an "underweight" rating in a research report on Monday, May 19th. Raymond James raised shares of Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 target price for the company in a research report on Tuesday, March 18th. Finally, UBS Group set a $72.00 target price on shares of Brighthouse Financial in a research report on Tuesday, March 18th. 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 assigned a strong buy rating to the company's stock. According to MarketBeat, Brighthouse Financial presently has an average rating of "Hold" and a consensus price target of $60.80.

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.