Invesco Ltd. Acquires 94,801 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

Invesco Ltd. grew its position in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 49.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 286,726 shares of the company's stock after purchasing an additional 94,801 shares during the period. Invesco Ltd. owned approximately 0.48% of Brighthouse Financial worth $13,774,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Aster Capital Management DIFC Ltd grew its holdings in shares of Brighthouse Financial by 327.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company's stock valued at $44,000 after purchasing an additional 703 shares during the last quarter. KBC Group NV grew its holdings in Brighthouse Financial by 33.1% during 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. Polymer Capital Management US LLC acquired a new position in shares of Brighthouse Financial in the 4th quarter worth approximately $233,000. Lecap Asset Management Ltd. increased its holdings in shares of Brighthouse Financial by 9.1% in the fourth quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company's stock valued at $251,000 after buying an additional 436 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in shares of Brighthouse Financial during the fourth quarter valued at $258,000. Hedge funds and other institutional investors own 81.24% of the company's stock.

Brighthouse Financial Price Performance

Shares of NASDAQ:BHF traded up $0.81 during trading on Friday, reaching $54.67. The stock had a trading volume of 621,523 shares, compared to its average volume of 540,915. The stock has a market capitalization of $3.17 billion, a PE ratio of 10.59 and a beta of 0.91. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.92. Brighthouse Financial, Inc. has a 52 week low of $40.00 and a 52 week high of $64.12. The business's 50-day moving average price is $54.92 and its 200 day moving average price is $52.42.

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

Insider Activity

In related news, EVP John Rosenthal sold 10,000 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $61.00, for a total value of $610,000.00. Following the transaction, the executive vice president now directly owns 66,262 shares in the company, valued at $4,041,982. This represents a 13.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Jefferies Financial Group cut Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 target price on the stock. in a research note on Monday, February 3rd. Barclays raised Brighthouse Financial from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $52.00 to $85.00 in a research report on Wednesday, January 29th. Wells Fargo & Company dropped their price target on shares of Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Raymond James raised shares of 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, JPMorgan Chase & Co. cut their price objective on Brighthouse Financial from $59.00 to $56.00 and set an "underweight" rating for the company in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $62.00.

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.