Guggenheim Capital LLC Purchases New Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

Guggenheim Capital LLC acquired a new stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,715 shares of the company's stock, valued at approximately $227,000.

Other institutional investors have also modified their holdings of the company. Mariner LLC increased its holdings in Brighthouse Financial by 4.2% during the 4th quarter. Mariner LLC now owns 6,055 shares of the company's stock worth $291,000 after purchasing an additional 242 shares in the last quarter. Barclays PLC grew its holdings in shares of Brighthouse Financial by 220.5% during the fourth quarter. Barclays PLC now owns 107,153 shares of the company's stock worth $5,148,000 after buying an additional 73,724 shares in the last quarter. Optimize Financial Inc acquired a new stake in Brighthouse Financial in the 4th quarter valued at approximately $380,000. Sterling Capital Management LLC raised its position in Brighthouse Financial by 13.0% in the 4th quarter. Sterling Capital Management LLC now owns 10,819 shares of the company's stock valued at $520,000 after buying an additional 1,247 shares during the last quarter. Finally, Pinnacle Holdings LLC lifted its stake in Brighthouse Financial by 0.4% in the 4th quarter. Pinnacle Holdings LLC now owns 46,297 shares of the company's stock valued at $2,224,000 after acquiring an additional 191 shares in the last quarter. Institutional investors own 81.24% of the company's stock.

Brighthouse Financial Stock Performance

Shares of BHF stock traded up $0.69 during midday trading on Friday, hitting $58.99. 490,943 shares of the company were exchanged, compared to its average volume of 558,237. The firm has a market capitalization of $3.42 billion, a P/E ratio of 11.42 and a beta of 0.91. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.92 and a current ratio of 0.93. Brighthouse Financial, Inc. has a 52 week low of $40.00 and a 52 week high of $64.12. The firm's 50 day moving average price is $54.59 and its two-hundred day moving average price is $52.73.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $5.88 EPS for the quarter, beating the consensus estimate of $4.56 by $1.32. Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. As a group, equities research analysts anticipate that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

Wall Street Analyst Weigh In

BHF has been the topic of a number of recent research reports. Morgan Stanley lowered their price objective on shares of Brighthouse Financial from $52.00 to $41.00 and set an "underweight" rating on the stock in a report on Thursday, April 10th. UBS Group set a $72.00 price target on shares of Brighthouse Financial in a research note on Tuesday, March 18th. Piper Sandler boosted their price target on shares of Brighthouse Financial from $52.00 to $60.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Barclays upgraded Brighthouse Financial from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $52.00 to $85.00 in a report on Wednesday, January 29th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Brighthouse Financial has an average rating of "Hold" and an average price target of $62.00.

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.