Brighthouse Financial, Inc. $BHF Shares Sold by LSV Asset Management

LSV Asset Management cut its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 13.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 110,673 shares of the company’s stock after selling 16,731 shares during the period. LSV Asset Management owned about 0.19% of Brighthouse Financial worth $5,875,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Millennium Management LLC increased its stake in shares of Brighthouse Financial by 156.2% during the first quarter. Millennium Management LLC now owns 262,890 shares of the company’s stock worth $15,245,000 after purchasing an additional 160,272 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Brighthouse Financial by 835.2% in the 1st quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock worth $48,000 after buying an additional 735 shares during the last quarter. United Services Automobile Association purchased a new stake in Brighthouse Financial during the 1st quarter worth approximately $226,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Brighthouse Financial by 6.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 209,140 shares of the company’s stock valued at $12,128,000 after acquiring an additional 13,245 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of Brighthouse Financial by 1,900.0% during the second quarter. IFP Advisors Inc now owns 740 shares of the company’s stock valued at $40,000 after acquiring an additional 703 shares during the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods lifted their price target on Brighthouse Financial from $50.00 to $70.00 and gave the stock a “market perform” rating in a research note on Friday, November 7th. Morgan Stanley set a $70.00 target price on shares of Brighthouse Financial in a research note on Thursday, November 6th. Barclays lowered shares of Brighthouse Financial from an “overweight” rating to an “equal weight” rating and set a $65.00 target price for the company. in a report on Thursday, January 8th. Raymond James Financial reissued a “market perform” rating on shares of Brighthouse Financial in a research note on Wednesday, November 12th. Finally, Zacks Research raised shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 17th. Eight analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $63.67.

Brighthouse Financial Stock Down 0.4%

Shares of BHF opened at $63.84 on Monday. Brighthouse Financial, Inc. has a 52-week low of $42.07 and a 52-week high of $66.33. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.49. The stock has a fifty day simple moving average of $64.52 and a two-hundred day simple moving average of $56.74. The company has a market capitalization of $3.65 billion, a PE ratio of 4.35 and a beta of 0.97.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based life insurance company that specializes in retirement income solutions and annuity products. The firm was established in August 2017 as a spin-off from MetLife, Inc, and is headquartered in Charlotte, North Carolina. Since its separation, Brighthouse Financial has focused on providing products designed to help individuals and families manage retirement income needs, drawing on decades of experience in life insurance and annuity administration inherited from its parent company.

The company’s core product offerings include fixed indexed annuities, which allow policyholders to participate in market-linked gains while protecting against downside market risk, and single premium immediate annuities, which provide guaranteed lifetime income.