Optimize Financial Inc Purchases Shares of 7,911 Brighthouse Financial, Inc. (NASDAQ:BHF)

Optimize Financial Inc purchased a new stake in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,911 shares of the company's stock, valued at approximately $380,000.

Several other institutional investors and hedge funds also recently modified their holdings of BHF. Aster Capital Management DIFC Ltd lifted its position in Brighthouse Financial by 327.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company's stock worth $44,000 after buying an additional 703 shares in the last quarter. KBC Group NV grew 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 valued at $128,000 after purchasing an additional 663 shares in the last quarter. Polymer Capital Management US LLC bought a new stake in shares of Brighthouse Financial during the 4th quarter worth approximately $233,000. Lecap Asset Management Ltd. boosted its holdings in shares of Brighthouse Financial by 9.1% in the 4th 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 during the last quarter. Finally, Franklin Resources Inc. bought a new position in shares of Brighthouse Financial in the fourth quarter valued at $258,000. 81.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on BHF shares. UBS Group set a $72.00 price target on shares of Brighthouse Financial in a research note on Tuesday, March 18th. Piper Sandler upped their price objective on Brighthouse Financial from $52.00 to $60.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. reduced their target price on Brighthouse Financial from $59.00 to $56.00 and set an "underweight" rating for the company in a research note on Tuesday, January 7th. Raymond James upgraded Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 price target on the stock in a research note on Tuesday, March 18th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Brighthouse Financial from $60.00 to $66.00 and gave the stock a "market perform" rating in a report on Tuesday, February 18th. Two equities research 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 stock. According to MarketBeat, Brighthouse Financial has an average rating of "Hold" and an average price target of $62.00.

Brighthouse Financial Trading Up 1.9 %

Shares of BHF stock traded up $0.93 on Thursday, hitting $50.65. The company had a trading volume of 520,964 shares, compared to its average volume of 534,261. The stock's 50-day moving average is $56.10 and its two-hundred day moving average is $52.07. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.92 and a current ratio of 0.93. The firm has a market cap of $2.94 billion, a P/E ratio of 9.82 and a beta of 0.91. Brighthouse Financial, Inc. has a twelve month low of $40.00 and a twelve month high of $64.12.

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

Insider Activity at Brighthouse Financial

In other news, EVP John Rosenthal sold 10,000 shares of Brighthouse Financial stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $61.00, for a total value of $610,000.00. Following the completion of the transaction, the executive vice president now directly owns 66,262 shares of the company's stock, valued at approximately $4,041,982. This trade represents a 13.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.40% of the stock is owned by company insiders.

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.