Aster Capital Management DIFC Ltd Acquires 703 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

Aster Capital Management DIFC Ltd raised its position in Brighthouse Financial, Inc. (NASDAQ:BHF) by 327.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 918 shares of the company’s stock after buying an additional 703 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Brighthouse Financial were worth $44,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. State Street Corp raised its position in Brighthouse Financial by 2.2% in the third quarter. State Street Corp now owns 2,314,905 shares of the company’s stock valued at $104,240,000 after purchasing an additional 50,441 shares during the last quarter. American Century Companies Inc. raised its position in Brighthouse Financial by 12.1% in the fourth 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 during the last quarter. Geode Capital Management LLC raised its position in Brighthouse Financial by 0.7% in the third quarter. Geode Capital Management LLC now owns 1,091,462 shares of the company’s stock valued at $49,160,000 after purchasing an additional 8,004 shares during the last quarter. Victory Capital Management Inc. raised its position in Brighthouse Financial by 2,632.8% in the fourth quarter. Victory Capital Management Inc. now owns 884,162 shares of the company’s stock valued at $42,475,000 after purchasing an additional 851,808 shares during the last quarter. Finally, Norges Bank bought a new position in Brighthouse Financial in the fourth quarter valued at about $37,131,000. 81.24% of the stock is currently owned by institutional investors.

Brighthouse Financial Trading Up 13.8 %

NASDAQ BHF opened at $53.88 on Thursday. The business has a 50 day simple moving average of $57.15 and a 200 day simple moving average of $51.95. Brighthouse Financial, Inc. has a one year low of $40.00 and a one year high of $64.12. The stock has a market capitalization of $3.13 billion, a P/E ratio of 10.44 and a beta of 0.91. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.92.

Brighthouse Financial (NASDAQ:BHF) last released its earnings results on Tuesday, February 11th. The company reported $5.88 EPS for the quarter, topping 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%. Research analysts expect that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

Insider Buying and Selling

In other Brighthouse Financial news, EVP John Rosenthal sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $61.00, for a total value of $610,000.00. Following the completion of the sale, the executive vice president now owns 66,262 shares of the company’s stock, valued at approximately $4,041,982. This trade represents a 13.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BHF shares. UBS Group set a $72.00 target price on Brighthouse Financial in a research report on Tuesday, March 18th. Wells Fargo & Company raised Brighthouse Financial from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $41.00 to $59.00 in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods increased their price target on Brighthouse Financial from $60.00 to $66.00 and gave the company a “market perform” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. decreased their price target on Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating for the company in a research note on Tuesday, January 7th. Finally, Piper Sandler increased their price target on Brighthouse Financial from $52.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Brighthouse Financial has an average rating of “Hold” and an average price target of $63.80.

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.