Brighthouse Financial (NASDAQ:BHFAL) Stock Price Down 0.3% – What’s Next?

Brighthouse Financial, Inc. (NASDAQ:BHFAL)’s stock price fell 0.3% on Wednesday . The company traded as low as $21.52 and last traded at $21.85. 24,814 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 34,222 shares. The stock had previously closed at $21.92.

Brighthouse Financial Price Performance

The stock has a 50-day simple moving average of $23.28 and a two-hundred day simple moving average of $23.90.

Brighthouse Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Sunday, December 1st were given a dividend of $0.3906 per share. This represents a $1.56 annualized dividend and a dividend yield of 7.15%. The ex-dividend date of this dividend was Friday, November 29th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Brighthouse Financial stock. Crossmark Global Holdings Inc. grew its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHFAL) by 1.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 267,741 shares of the company’s stock after acquiring an additional 3,565 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Brighthouse Financial were worth $6,787,000 at the end of the most recent reporting period.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc operates as a holding company, which engages in the provision of life insurance and annuities through independent distribution channels and marketing arrangements with diverse network of distribution partners. It operates through the following segments: Annuities; Life; Run-Off; and Corporate & Others.