Caisse Des Depots ET Consignations Purchases Shares of 89,939 Brighthouse Financial, Inc. (NASDAQ:BHF)

Caisse Des Depots ET Consignations bought a new stake in Brighthouse Financial, Inc. (NASDAQ:BHF) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 89,939 shares of the company’s stock, valued at approximately $4,321,000. Caisse Des Depots ET Consignations owned 0.15% of Brighthouse Financial at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BHF. Massachusetts Financial Services Co. MA lifted its holdings in shares of Brighthouse Financial by 5.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 42,291 shares of the company’s stock worth $1,904,000 after purchasing an additional 2,259 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of Brighthouse Financial by 55.5% during the third quarter. Cerity Partners LLC now owns 15,690 shares of the company’s stock valued at $707,000 after buying an additional 5,601 shares during the last quarter. Summit Trail Advisors LLC acquired a new stake in shares of Brighthouse Financial in the 3rd quarter worth about $373,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Brighthouse Financial in the third quarter worth approximately $368,000. Finally, Quantbot Technologies LP boosted its position in shares of Brighthouse Financial by 34.8% during the third quarter. Quantbot Technologies LP now owns 53,149 shares of the company’s stock valued at $2,393,000 after buying an additional 13,708 shares during the last quarter. 81.24% of the stock is owned by institutional investors and hedge funds.

Brighthouse Financial Trading Down 0.2 %

Shares of BHF stock opened at $59.09 on Thursday. Brighthouse Financial, Inc. has a 52-week low of $40.00 and a 52-week high of $64.12. The business’s fifty day moving average is $57.19 and its 200 day moving average is $51.09. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.92 and a current ratio of 0.93. The company has a market capitalization of $3.43 billion, a PE ratio of 11.45 and a beta of 1.11.

Brighthouse Financial (NASDAQ:BHF) last announced its earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share for the quarter, beating 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, equities research analysts anticipate that Brighthouse Financial, Inc. will post 20.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Raymond James raised shares of Brighthouse Financial from a “market perform” rating to a “strong-buy” rating and set a $72.00 price objective on the stock in a report on Tuesday, March 18th. Barclays upgraded 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 report on Tuesday, March 18th. Morgan Stanley set a $52.00 target price on Brighthouse Financial in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating for the company in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $63.80.

Insider Buying and Selling

In other Brighthouse Financial news, EVP John Rosenthal sold 10,000 shares of Brighthouse Financial stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $61.00, for a total value of $610,000.00. Following the transaction, the executive vice president now directly owns 66,262 shares of the company’s stock, valued at $4,041,982. The trade was a 13.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is owned by corporate insiders.

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.