Mitsubishi UFJ Trust & Banking Corp Buys 388 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

Mitsubishi UFJ Trust & Banking Corp raised its stake in Brighthouse Financial, Inc. (NASDAQ:BHF) by 0.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 72,872 shares of the company’s stock after buying an additional 388 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Brighthouse Financial were worth $3,501,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in BHF. LPL Financial LLC lifted its holdings in shares of Brighthouse Financial by 55.3% in the 4th quarter. LPL Financial LLC now owns 39,545 shares of the company’s stock worth $1,900,000 after buying an additional 14,084 shares during the period. KLP Kapitalforvaltning AS bought a new position in Brighthouse Financial during the 4th quarter worth about $620,000. Sei Investments Co. increased its position in Brighthouse Financial by 0.6% during the 4th quarter. Sei Investments Co. now owns 126,542 shares of the company’s stock valued at $6,079,000 after purchasing an additional 787 shares during the period. American Century Companies Inc. raised its holdings in shares of Brighthouse Financial by 12.1% in the 4th quarter. American Century Companies Inc. now owns 1,682,076 shares of the company’s stock valued at $80,807,000 after purchasing an additional 181,980 shares in the last quarter. Finally, Quantbot Technologies LP lifted its position in shares of Brighthouse Financial by 1.9% in the 4th quarter. Quantbot Technologies LP now owns 54,155 shares of the company’s stock worth $2,602,000 after purchasing an additional 1,006 shares during the period. 81.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BHF. UBS Group set a $72.00 price objective on shares of Brighthouse Financial in a research note on Tuesday, March 18th. Piper Sandler upped their price objective on Brighthouse Financial from $52.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Wells Fargo & Company upgraded Brighthouse Financial from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $41.00 to $59.00 in a research note on Wednesday, February 19th. Morgan Stanley set a $52.00 price target on shares of Brighthouse Financial in a report on Friday, February 28th. Finally, Raymond James upgraded shares of Brighthouse Financial from a “market perform” rating to a “strong-buy” rating and set a $72.00 price objective for the company in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $63.80.

Insider Activity

In other news, EVP John Rosenthal sold 10,000 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $61.00, for a total value of $610,000.00. Following the sale, the executive vice president now owns 66,262 shares in the company, valued at $4,041,982. This represents a 13.11 % 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. Corporate insiders own 1.40% of the company’s stock.

Brighthouse Financial Stock Up 0.8 %

NASDAQ:BHF opened at $57.99 on Tuesday. The company’s 50 day moving average is $57.66 and its two-hundred day moving average is $51.50. The company has a market cap of $3.37 billion, a PE ratio of 11.24 and a beta of 1.11. Brighthouse Financial, Inc. has a twelve month low of $40.00 and a twelve month 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 released its earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share (EPS) for the quarter, beating 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%. Analysts anticipate 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.