Universal Beteiligungs und Servicegesellschaft mbH Increases Stake in Brighthouse Financial, Inc. $BHF

Universal Beteiligungs und Servicegesellschaft mbH grew its position in Brighthouse Financial, Inc. (NASDAQ:BHF) by 33.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,441 shares of the company’s stock after acquiring an additional 12,486 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.09% of Brighthouse Financial worth $3,203,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BHF. Citigroup Inc. raised its position in shares of Brighthouse Financial by 360.5% during the 3rd quarter. Citigroup Inc. now owns 151,891 shares of the company’s stock worth $8,062,000 after purchasing an additional 118,909 shares during the last quarter. Clear Harbor Asset Management LLC acquired a new position in shares of Brighthouse Financial during the 3rd quarter worth about $919,000. Four Tree Island Advisory LLC raised its position in shares of Brighthouse Financial by 85.6% during the 3rd quarter. Four Tree Island Advisory LLC now owns 22,762 shares of the company’s stock worth $1,210,000 after purchasing an additional 10,500 shares during the last quarter. American Century Companies Inc. raised its position in shares of Brighthouse Financial by 10.4% during the 3rd quarter. American Century Companies Inc. now owns 2,210,276 shares of the company’s stock worth $117,321,000 after purchasing an additional 208,630 shares during the last quarter. Finally, Gabelli Funds LLC acquired a new position in shares of Brighthouse Financial during the 3rd quarter worth about $1,328,000. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Analyst Upgrades and Downgrades

BHF has been the subject of several research analyst reports. Zacks Research downgraded shares of Brighthouse Financial from a “hold” rating to a “strong sell” rating in a research report on Monday, March 30th. Argus upgraded shares of Brighthouse Financial to a “hold” rating in a research report on Thursday, March 26th. Keefe, Bruyette & Woods restated a “hold” rating and set a $67.00 price target on shares of Brighthouse Financial in a research report on Thursday, March 26th. Finally, Barclays downgraded shares of Brighthouse Financial from an “overweight” rating to an “equal weight” rating and set a $65.00 price target for the company. in a research report on Thursday, January 8th. Eight analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $60.86.

Brighthouse Financial Stock Up 0.5%

Shares of NASDAQ BHF opened at $62.26 on Friday. Brighthouse Financial, Inc. has a 12-month low of $42.07 and a 12-month high of $66.33. The stock has a market cap of $3.58 billion, a PE ratio of 10.73 and a beta of 0.92. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average of $60.79 and a 200 day moving average of $61.38.

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.