Xponance Inc. Has $370,000 Stock Holdings in Brighthouse Financial, Inc. (NASDAQ:BHF)

Xponance Inc. lessened its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF – Get Rating) by 3.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,515 shares of the company’s stock after selling 339 shares during the quarter. Xponance Inc.’s holdings in Brighthouse Financial were worth $370,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of BHF. Goldman Sachs Group Inc. boosted its holdings in shares of Brighthouse Financial by 55.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 888,375 shares of the company’s stock valued at $45,894,000 after acquiring an additional 317,322 shares in the last quarter. UBS Group AG boosted its holdings in shares of Brighthouse Financial by 38.4% during the 2nd quarter. UBS Group AG now owns 910,809 shares of the company’s stock valued at $37,362,000 after acquiring an additional 252,592 shares in the last quarter. Natixis boosted its holdings in shares of Brighthouse Financial by 160.7% during the 2nd quarter. Natixis now owns 365,000 shares of the company’s stock valued at $14,972,000 after acquiring an additional 225,000 shares in the last quarter. Bogart Wealth LLC boosted its holdings in shares of Brighthouse Financial by 147,398.4% during the 2nd quarter. Bogart Wealth LLC now owns 181,423 shares of the company’s stock valued at $186,000 after acquiring an additional 181,300 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Brighthouse Financial by 24.3% during the 2nd quarter. AQR Capital Management LLC now owns 681,012 shares of the company’s stock valued at $27,418,000 after acquiring an additional 133,057 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on BHF. Barclays raised their price objective on Brighthouse Financial from $45.00 to $47.00 and gave the company an “equal weight” rating in a report on Friday, October 14th. Morgan Stanley raised their target price on Brighthouse Financial from $58.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 17th. Piper Sandler lowered their target price on Brighthouse Financial from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, December 20th. Evercore ISI raised their target price on Brighthouse Financial to $55.00 in a research report on Tuesday, November 15th. Finally, TheStreet lowered Brighthouse Financial from a “b” rating to a “c+” rating in a research report on Monday, November 7th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $56.44.

Brighthouse Financial Stock Performance

BHF stock opened at $51.89 on Tuesday. The stock has a 50-day moving average price of $53.04 and a 200-day moving average price of $48.75. Brighthouse Financial, Inc. has a 1-year low of $38.38 and a 1-year high of $62.33. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.54. The firm has a market cap of $3.59 billion, a PE ratio of 4.54 and a beta of 1.35.

Brighthouse Financial (NASDAQ:BHF – Get Rating) last posted its quarterly earnings data on Monday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.82). Brighthouse Financial had a return on equity of 9.50% and a net margin of 10.06%. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.97 billion. As a group, equities research analysts expect that Brighthouse Financial, Inc. will post 10.2 earnings per share for the current year.

Brighthouse Financial Profile

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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 offers 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.