Corient Private Wealth LLC Raises Stock Holdings in Brighthouse Financial, Inc. (NASDAQ:BHF)

Corient Private Wealth LLC raised its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,895 shares of the company’s stock after buying an additional 738 shares during the quarter. Corient Private Wealth LLC’s holdings in Brighthouse Financial were worth $571,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. grew its stake in shares of Brighthouse Financial by 2,632.8% in the fourth quarter. Victory Capital Management Inc. now owns 884,162 shares of the company’s stock worth $42,475,000 after acquiring an additional 851,808 shares during the last quarter. State Street Corp increased its position in shares of Brighthouse Financial by 2.2% during the third quarter. State Street Corp now owns 2,314,905 shares of the company’s stock valued at $104,240,000 after acquiring an additional 50,441 shares in the last quarter. Ieq Capital LLC bought a new position in Brighthouse Financial in the 4th quarter valued at approximately $1,748,000. Two Sigma Advisers LP lifted its position in Brighthouse Financial by 12.6% in the 3rd quarter. Two Sigma Advisers LP now owns 320,700 shares of the company’s stock valued at $14,441,000 after acquiring an additional 35,800 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Brighthouse Financial during the 3rd quarter valued at $1,404,000. Institutional investors own 81.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BHF shares. Piper Sandler upped their price target on Brighthouse Financial from $52.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Morgan Stanley set a $52.00 target price on shares of Brighthouse Financial in a research note on Friday, February 28th. Jefferies Financial Group lowered shares of Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 price target for the company. in a research note on Monday, February 3rd. JPMorgan Chase & Co. lowered their price objective on shares of Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 7th. Finally, UBS Group set a $72.00 target price on shares of Brighthouse Financial in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $63.80.

Insiders Place Their Bets

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 shares were sold at an average price of $61.00, for a total transaction of $610,000.00. Following the transaction, the executive vice president now owns 66,262 shares of the company’s stock, valued at $4,041,982. The trade was a 13.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.40% of the company’s stock.

Brighthouse Financial Stock Down 2.4 %

BHF opened at $57.55 on Friday. The firm’s 50 day simple moving average is $57.51 and its two-hundred day simple moving average is $51.25. The company has a market capitalization of $3.34 billion, a PE ratio of 11.15 and a beta of 1.11. Brighthouse Financial, Inc. has a 1-year low of $40.00 and a 1-year high of $64.12. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.63.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $5.88 EPS for the quarter, topping the consensus estimate of $4.56 by $1.32. Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. As a group, equities analysts forecast that Brighthouse Financial, Inc. will post 20.32 EPS for the current year.

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.