Wellington Management Group LLP Invests $1.69 Million in Brighthouse Financial, Inc. (NASDAQ:BHF)

Wellington Management Group LLP acquired a new stake in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 35,262 shares of the company's stock, valued at approximately $1,694,000. Wellington Management Group LLP owned 0.06% of Brighthouse Financial as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BHF. State Street Corp lifted its holdings in shares of Brighthouse Financial by 2.2% during the 3rd quarter. State Street Corp now owns 2,314,905 shares of the company's stock worth $104,240,000 after acquiring an additional 50,441 shares during the period. American Century Companies Inc. raised its position 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 valued at $80,807,000 after purchasing an additional 181,980 shares in the last quarter. Geode Capital Management LLC lifted its stake in Brighthouse Financial by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,091,462 shares of the company's stock worth $49,160,000 after purchasing an additional 8,004 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Brighthouse Financial by 2,632.8% in the 4th quarter. Victory Capital Management Inc. now owns 884,162 shares of the company's stock valued at $42,475,000 after purchasing an additional 851,808 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Brighthouse Financial in the 4th quarter valued at $37,131,000. Institutional investors and hedge funds own 81.24% of the company's stock.

Analysts Set New Price Targets

BHF has been the topic of several research analyst reports. Wells Fargo & Company reduced their price objective on Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Jefferies Financial Group downgraded shares of Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 price target on the stock. in a research note on Monday, February 3rd. Barclays raised shares of Brighthouse Financial from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $52.00 to $85.00 in a research note on Wednesday, January 29th. UBS Group set a $72.00 price target on Brighthouse Financial in a research note on Tuesday, March 18th. Finally, Keefe, Bruyette & Woods upped their target price on Brighthouse Financial from $60.00 to $66.00 and gave the stock a "market perform" rating in a report on Tuesday, February 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 given a strong buy rating to the stock. According to MarketBeat.com, Brighthouse Financial presently has a consensus rating of "Hold" and an average target price of $62.00.

Insider Buying and Selling at Brighthouse Financial

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

Brighthouse Financial Trading Up 1.9 %

Shares of BHF traded up $0.93 during mid-day trading on Friday, reaching $50.65. 520,964 shares of the company were exchanged, compared to its average volume of 536,332. The business has a 50 day simple moving average of $55.77 and a two-hundred day simple moving average of $52.16. Brighthouse Financial, Inc. has a 52 week low of $40.00 and a 52 week high of $64.12. The stock has a market capitalization of $2.94 billion, a PE ratio of 9.82 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 (NASDAQ:BHF - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share (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%. On average, analysts predict that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

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.