Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lifted its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF) by 5.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,291 shares of the company’s stock after purchasing an additional 2,259 shares during the period. Massachusetts Financial Services Co. MA owned about 0.07% of Brighthouse Financial worth $1,904,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. increased its stake in shares of Brighthouse Financial by 75.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 623,607 shares of the company’s stock worth $27,027,000 after purchasing an additional 269,062 shares in the last quarter. American Century Companies Inc. raised its stake in Brighthouse Financial by 21.9% in the 2nd quarter. American Century Companies Inc. now owns 1,273,882 shares of the company’s stock valued at $55,210,000 after purchasing an additional 228,814 shares during the last quarter. Millennium Management LLC raised its stake in Brighthouse Financial by 278.0% in the 2nd quarter. Millennium Management LLC now owns 280,270 shares of the company’s stock valued at $12,147,000 after purchasing an additional 206,116 shares during the last quarter. Great Lakes Advisors LLC lifted its holdings in Brighthouse Financial by 3,362.1% in the 2nd quarter. Great Lakes Advisors LLC now owns 158,149 shares of the company’s stock valued at $6,854,000 after purchasing an additional 153,581 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in Brighthouse Financial by 139.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 247,210 shares of the company’s stock worth $10,714,000 after purchasing an additional 144,102 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Evercore ISI decreased their price target on shares of Brighthouse Financial from $56.00 to $52.00 and set an “in-line” rating on the stock in a research note on Thursday, August 8th. Wells Fargo & Company raised their target price on shares of Brighthouse Financial from $40.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods dropped their price target on Brighthouse Financial from $47.00 to $43.00 and set a “market perform” rating for the company in a research report on Wednesday, August 14th. Barclays started coverage on Brighthouse Financial in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $48.00 price objective on the stock. Finally, Piper Sandler upped their target price on Brighthouse Financial from $44.00 to $47.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, Brighthouse Financial presently has an average rating of “Hold” and an average price target of $50.63.

Insider Buying and Selling

In related news, EVP John Rosenthal sold 4,265 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $46.04, for a total transaction of $196,360.60. Following the transaction, the executive vice president now owns 86,262 shares of the company’s stock, valued at approximately $3,971,502.48. This represents a 4.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Brighthouse Financial Price Performance

BHF stock opened at $52.33 on Thursday. Brighthouse Financial, Inc. has a 52-week low of $40.00 and a 52-week high of $56.24. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.56. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of -2.61 and a beta of 1.05. The business has a fifty day moving average of $47.78 and a two-hundred day moving average of $45.63.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings data on Thursday, November 7th. The company reported $3.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.51). Brighthouse Financial had a positive return on equity of 23.54% and a negative net margin of 24.40%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period in the previous year, the business posted $4.18 earnings per share. As a group, research analysts anticipate that Brighthouse Financial, Inc. will post 18.44 earnings per share for the current year.

Brighthouse Financial 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.