Brighthouse Financial, Inc. (NASDAQ:BHFAL) Short Interest Update

Posted by Stanley Muller on Nov 15th, 2024

Brighthouse Financial, Inc. (NASDAQ:BHFAL – Get Free Report) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 120,100 shares, an increase of 51.8% from the October 15th total of 79,100 shares. Based on an average daily trading volume, of 23,200 shares, the short-interest ratio is currently 5.2 days.

Institutional Trading of Brighthouse Financial

An institutional investor recently raised its position in Brighthouse Financial stock. Crossmark Global Holdings Inc. raised its position in Brighthouse Financial, Inc. (NASDAQ:BHFAL – Free Report) by 1.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 264,176 shares of the company’s stock after acquiring an additional 3,241 shares during the period. Crossmark Global Holdings Inc.’s holdings in Brighthouse Financial were worth $5,811,000 at the end of the most recent reporting period.

Brighthouse Financial Stock Up 0.4 %

NASDAQ:BHFAL traded up $0.10 during trading hours on Friday, reaching $24.69. 33,302 shares of the company’s stock were exchanged, compared to its average volume of 22,711. The company has a 50-day moving average of $24.84 and a 200 day moving average of $23.42. Brighthouse Financial has a 1-year low of $20.38 and a 1-year high of $25.47.

Brighthouse Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Sunday, September 1st were paid a dividend of $0.3906 per share. The ex-dividend date was Friday, August 30th. This represents a $1.56 dividend on an annualized basis and a yield of 6.33%. This is a boost from Brighthouse Financial’s previous quarterly dividend of $0.39.

Brighthouse Financial Company Profile

(Get Free Report)

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.