Victory Capital Management Inc. Grows Holdings in Brighthouse Financial, Inc. (NASDAQ:BHF)

Victory Capital Management Inc. raised its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 7.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,354 shares of the company’s stock after purchasing an additional 2,327 shares during the quarter. Victory Capital Management Inc. owned 0.05% of Brighthouse Financial worth $1,457,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BHF. US Bancorp DE lifted its stake in shares of Brighthouse Financial by 0.9% during the 3rd quarter. US Bancorp DE now owns 35,755 shares of the company’s stock valued at $1,610,000 after buying an additional 319 shares in the last quarter. CWM LLC boosted its stake in shares of Brighthouse Financial by 29.4% in the third quarter. CWM LLC now owns 1,491 shares of the company’s stock worth $67,000 after acquiring an additional 339 shares during the period. Creative Planning grew its position in shares of Brighthouse Financial by 5.7% during the third quarter. Creative Planning now owns 7,843 shares of the company’s stock worth $353,000 after purchasing an additional 420 shares in the last quarter. Venturi Wealth Management LLC raised its stake in Brighthouse Financial by 989.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 621 shares of the company’s stock valued at $28,000 after purchasing an additional 564 shares during the period. Finally, UMB Bank n.a. lifted its holdings in Brighthouse Financial by 974.1% in the 3rd quarter. UMB Bank n.a. now owns 623 shares of the company’s stock worth $28,000 after purchasing an additional 565 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors.

Brighthouse Financial Stock Performance

Shares of NASDAQ:BHF opened at $52.82 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.56. Brighthouse Financial, Inc. has a 12 month low of $40.00 and a 12 month high of $56.24. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of -2.60 and a beta of 1.05. The firm’s 50-day moving average is $47.60 and its 200 day moving average is $45.59.

Brighthouse Financial (NASDAQ:BHF) last posted 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 negative net margin of 24.40% and a positive return on equity of 23.54%. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter in the previous year, the firm earned $4.18 EPS. Research analysts predict that Brighthouse Financial, Inc. will post 18.44 EPS for the current year.

Wall Street Analysts Forecast Growth

BHF has been the topic of several recent analyst reports. Piper Sandler lifted their price objective on shares of Brighthouse Financial from $44.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Evercore ISI dropped their price target on Brighthouse Financial from $56.00 to $52.00 and set an “in-line” rating for the company in a research note on Thursday, August 8th. Barclays started coverage on Brighthouse Financial in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $48.00 price objective on the stock. Jefferies Financial Group raised their target price on shares of Brighthouse Financial from $59.00 to $63.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Brighthouse Financial from $47.00 to $43.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $50.63.

Insider Buying and Selling at Brighthouse Financial

In related news, EVP John Rosenthal sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $45.22, for a total value of $226,100.00. Following the completion of the sale, the executive vice president now directly owns 91,262 shares of the company’s stock, valued at $4,126,867.64. This represents a 5.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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.