5,866 Shares in Brighthouse Financial, Inc. (NASDAQ:BHF) Acquired by Two Sigma Securities LLC

Two Sigma Securities LLC acquired a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,866 shares of the company's stock, valued at approximately $282,000.

Several other hedge funds also recently made changes to their positions in the company. Canada Pension Plan Investment Board raised its holdings in Brighthouse Financial by 187.3% during the fourth quarter. Canada Pension Plan Investment Board now owns 1,823,162 shares of the company's stock worth $87,585,000 after purchasing an additional 1,188,685 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Brighthouse Financial by 2,632.8% during the 4th quarter. Victory Capital Management Inc. now owns 884,162 shares of the company's stock worth $42,475,000 after buying an additional 851,808 shares in the last quarter. Norges Bank acquired a new stake in shares of Brighthouse Financial in the 4th quarter valued at approximately $37,131,000. American Century Companies Inc. grew its holdings in Brighthouse Financial by 12.1% during the fourth quarter. American Century Companies Inc. now owns 1,682,076 shares of the company's stock worth $80,807,000 after acquiring an additional 181,980 shares during the period. Finally, Bridgewater Associates LP raised its position in Brighthouse Financial by 198.6% in the fourth quarter. Bridgewater Associates LP now owns 209,523 shares of the company's stock worth $10,065,000 after acquiring an additional 139,356 shares in the last quarter. Institutional investors and hedge funds own 81.24% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Morgan Stanley lowered their price target on shares of Brighthouse Financial from $52.00 to $41.00 and set an "underweight" rating on the stock in a research note on Thursday, April 10th. Barclays upgraded shares of Brighthouse Financial from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $52.00 to $85.00 in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods increased their target price on shares of Brighthouse Financial from $60.00 to $66.00 and gave the company a "market perform" rating in a report on Tuesday, February 18th. Piper Sandler boosted their price target on Brighthouse Financial from $52.00 to $60.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Finally, Jefferies Financial Group downgraded Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 price objective for the company. in a research note on Monday, February 3rd. 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 company has an average rating of "Hold" and a consensus price target of $62.00.

Brighthouse Financial Price Performance

BHF stock traded up $0.59 on Friday, reaching $58.89. The company had a trading volume of 751,837 shares, compared to its average volume of 559,149. Brighthouse Financial, Inc. has a 1 year low of $40.00 and a 1 year high of $64.12. The company has a market cap of $3.42 billion, a P/E ratio of 11.41 and a beta of 0.91. The company's fifty day moving average is $54.59 and its 200 day moving average is $52.73. 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 (NASDAQ:BHF - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $5.88 earnings per share (EPS) for the quarter, beating 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, research analysts forecast that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

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.