Brighthouse Financial (NASDAQ:BHFAO) Stock Price Down 0.6% – Time to Sell?

Brighthouse Financial, Inc. (NASDAQ:BHFAO)’s share price dropped 0.6% during trading on Friday . The company traded as low as $18.84 and last traded at $18.84. Approximately 37,591 shares were traded during trading, an increase of 9% from the average daily volume of 34,477 shares. The stock had previously closed at $18.96.

Brighthouse Financial Stock Down 0.6 %

The company’s fifty day moving average price is $21.12 and its two-hundred day moving average price is $22.90.

Brighthouse Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th were issued a $0.4219 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 8.96%. The ex-dividend date of this dividend was Monday, March 10th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Brighthouse Financial stock. PNC Financial Services Group Inc. increased its holdings in Brighthouse Financial, Inc. (NASDAQ:BHFAO) by 50.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,536 shares of the company’s stock after buying an additional 516 shares during the period. PNC Financial Services Group Inc.’s holdings in Brighthouse Financial were worth $34,000 as of its most recent SEC filing.

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.