State of Tennessee Department of Treasury Sells 683 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

State of Tennessee Department of Treasury decreased its position in Brighthouse Financial, Inc. (NASDAQ:BHF) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,427 shares of the company’s stock after selling 683 shares during the quarter. State of Tennessee Department of Treasury owned approximately 0.06% of Brighthouse Financial worth $1,846,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Canada Pension Plan Investment Board grew its position in Brighthouse Financial by 187.3% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,823,162 shares of the company’s stock worth $87,585,000 after purchasing an additional 1,188,685 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of 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 acquiring an additional 851,808 shares in the last quarter. Norges Bank purchased a new stake in shares of Brighthouse Financial during the fourth quarter valued at approximately $37,131,000. American Century Companies Inc. lifted its holdings in 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 acquiring an additional 181,980 shares during the period. Finally, Bridgewater Associates LP boosted its position in Brighthouse Financial by 198.6% in the fourth quarter. Bridgewater Associates LP now owns 209,523 shares of the company’s stock worth $10,065,000 after purchasing an additional 139,356 shares during the last quarter. Institutional investors own 81.24% of the company’s stock.

Brighthouse Financial Trading Up 4.1 %

Shares of BHF stock opened at $56.64 on Wednesday. Brighthouse Financial, Inc. has a 1 year low of $40.00 and a 1 year high of $64.12. The company’s fifty day simple moving average is $54.64 and its two-hundred day simple moving average is $52.61. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.92. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 10.98 and a beta of 0.91.

Brighthouse Financial (NASDAQ:BHF) last posted its earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share 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%. As a group, analysts anticipate that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

Insider Transactions at Brighthouse Financial

In other news, EVP John Rosenthal sold 10,000 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now owns 66,262 shares of the company’s stock, valued at approximately $4,041,982. The trade was a 13.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Morgan Stanley decreased their target price on Brighthouse Financial from $52.00 to $41.00 and set an “underweight” rating for the company in a research report on Thursday, April 10th. Jefferies Financial Group lowered shares of Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 price objective on the stock. in a research report on Monday, February 3rd. Barclays raised shares of Brighthouse Financial from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $52.00 to $85.00 in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price target on shares of Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating on the stock in a report on Tuesday, January 7th. Finally, UBS Group set a $72.00 price objective on Brighthouse Financial in a research note on Tuesday, March 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Brighthouse Financial currently has a consensus rating of “Hold” and an average target price of $62.00.

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.