8,952 Shares in Brighthouse Financial, Inc. (NASDAQ:BHF) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new stake in Brighthouse Financial, Inc. (NASDAQ:BHF) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,952 shares of the company’s stock, valued at approximately $430,000.

Several other large investors also recently modified their holdings of the business. Victory Capital Management Inc. boosted its stake in Brighthouse Financial by 2,632.8% in the 4th quarter. Victory Capital Management Inc. now owns 884,162 shares of the company’s stock worth $42,475,000 after purchasing an additional 851,808 shares during the period. Norges Bank acquired a new position in shares of Brighthouse Financial during the fourth quarter worth about $37,131,000. American Century Companies Inc. grew its holdings in shares of Brighthouse Financial by 12.1% during the fourth quarter. American Century Companies Inc. now owns 1,682,076 shares of the company’s stock worth $80,807,000 after buying an additional 181,980 shares in the last quarter. Caisse Des Depots ET Consignations acquired a new stake in Brighthouse Financial in the 4th quarter valued at approximately $4,321,000. Finally, State Street Corp lifted its stake in Brighthouse Financial by 2.2% in the 3rd 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. 81.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BHF. Barclays upgraded shares of Brighthouse Financial from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $52.00 to $85.00 in a report on Wednesday, January 29th. Raymond James raised Brighthouse Financial from a “market perform” rating to a “strong-buy” rating and set a $72.00 target price on the stock in a research report on Tuesday, March 18th. UBS Group set a $72.00 target price on shares of Brighthouse Financial in a research note on Tuesday, March 18th. Wells Fargo & Company raised shares of Brighthouse Financial from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $41.00 to $59.00 in a research report on Wednesday, February 19th. Finally, Jefferies Financial Group downgraded shares of Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 price objective for the company. in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $63.80.

Insiders Place Their Bets

In other news, EVP John Rosenthal sold 10,000 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $61.00, for a total transaction of $610,000.00. Following the completion of the sale, the executive vice president now directly owns 66,262 shares in the company, valued at approximately $4,041,982. This represents a 13.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.40% of the company’s stock.

Brighthouse Financial Stock Up 0.3 %

Shares of BHF opened at $58.17 on Wednesday. The firm’s 50-day simple moving average is $57.79 and its 200 day simple moving average is $51.61. 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 firm has a market cap of $3.38 billion, a P/E ratio of 11.27 and a beta of 1.11. Brighthouse Financial, Inc. has a 52 week low of $40.00 and a 52 week high of $64.12.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $5.88 EPS for the quarter, beating analysts’ consensus estimates of $4.56 by $1.32. Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. On average, analysts forecast that Brighthouse Financial, Inc. will post 20.32 earnings per share 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.